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LIQUIDATED ASCERTAINED DAMAGES (LAD) IN MALAYSIA

WHAT IS LIQUIDATED ASCERTAINED DAMAGES (LAD)? LAD is a pre-agreed sum of money that parties to a contract agree to pay in case of a breach of contract. This pre-agreed sum is meant to compensate the non-breaching party for losses that would be difficult to calculate and prove if the breach occurred. LAD clauses are […]

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DEBT RECOVERY IN MALAYSIA

Blog / Sharmila Ravindran / Mar 2

INTRODUCTION Debt recovery is when one (Creditor) takes legal action to recover outstanding debts from individuals, enterprises, or other companies (Debtor) once there has been a breach in the terms of a contract or a refusal or delay on the debtor’s part in payment of the outstanding debts. Any action for debt recovery will include

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