5 Law Firms Set to Expand in Malaysia in the Coming Months
Due to a recent downturn in the market, many small, medium and big law firms have cut their expenses and aren’t taking profits distributions. Some have temporarily frozen salary increments, and could be forced to make salary reductions. Certain employees will reduce their wages while others may refuse to take on probationary employees. The situation may be temporary, but may become more common in the long-term. Over the next few months, Malaysian law firms should expect to see some significant changes in their practices.
There are a lot of things you should know in order to establish your LLP within Malaysia. You must first make sure that the partners you choose have the ability to set up the business address of Malaysia. Malaysian law requires that at least three partners reside in Malaysia. One of these partners will act as compliance officer. However, this requirement does not apply to all types of partners. Online applications are accepted for a bank account if you do not reside physical in Malaysia.
The expertise of the lawyer is also a crucial factor to look at when selecting a law office. K&L Gates LLP advises on the international aspects of deals with Malaysian businesses The firm’s staff draws on talent from all over Asia to ensure clients receive top-quality representation. David Tang, the managing partner, has a worldwide network of talent to help him, which comprises Lian Yok Tan, who is a specialist in energy and resource mandates. James Bradley provides advice on corporate jets. Christopher Tan, who leads the firm’s strong employment program is an additional strength. Additionally, Sacha Cheong advises on the employment laws in Malaysia.
Lee Hishammuddin, partner at Allen & Gledhill Malaysia, is a vital part of Allen & Gledhill Malaysia’s tax practice. He provides tax advice on tax audits, tax disputes, and cases involving transfer pricing. Nitin Nadkarni is also the director for the practice of tax. Jason Tan Jia Xin is the customs and trade specialist within the firm, acts as the other. They are well-aware of Malaysian legal and tax issues.
Allen &Gledhill’s Real Estate practice is headed by Lee Hishammuddin. They assist a prestigious list of clients in all kinds of real estate transactions, including major debt offerings. Lee has particular expertise of advising banks regarding real estate financing. Tay Weng Hwee is extremely well-regarded in the realm of real estate transactions as well as property finance. In addition to his strong transactional background, he has experience with financing transactions as well as Islamic finance.
Legal services firm Herbert Smith Freehills Malaysia will establish a branch in Malaysia to provide Malaysian customers. Axiata and Petroliam Nasional Berhad were among those who were clients before the firm. Herbert Smith Freehills Malaysia is an established company that has been in operation for 68 years. Recently the company has expanded and grown its Malaysian practice to accommodate the growing size of Malaysia’s economy.
It has had an ongoing connection with Malaysia for more than twenty years. A number of significant Malaysian firms and institutions have customers. It’s now among the biggest law firms in Asia, with offices in New York, London, Doha, Seoul, and Beijing. It formed an alliance with Singapore’s Prolegis in the year 2015, and since then has increased its presence to Riyad and Johannesburg. It opened a Dusseldorf office in the year 2016 and utilizes counsel from abroad alongside local partners.
Zul Rafique and Partners’ legal team is made by passionate lawyers who have professional backgrounds. Among them are Kung Suan Im, a partner of the financial and corporate practice group. His specialization is in the property and maritime areas. In addition, he’s a regular participant in the Meritas Global Network.
The company’s banking and finance practice is remarkable. Lawyers from the firm are proficient in Islamic as well as conventional finance transactions. Their experience with cross-border transactions has made them a trusted advisor to both borrowers and financial institutions. They frequently handle issues related to restructuring of companies and retrenchment. The firm is led by four partners who specialize in various aspects of employment law. P Jayasingam handles litigation and Wong Keat Ching handles disciplinary matters. Thavaselvi Parrajasingam gives guidance on the subject of employment as well as constructive dismissal. Alvare Teoh offers assistance on issues involving employee misconduct and investigations.
Tan Swee Im, Siva ‘and Partner’ is a law firm that is located at Kuala Lumpur, Malaysia. Lim Cze Mien are two of five lawyers who work for them as well as Tan Swee Im, Tharmini A/P Paramasivan. The firm is an expert in the field of construction law. The firm serves clients in Asia as well as the Middle East. Learn more here.
Sivabalan Sankaran is the founder of the firm as well as its managing partner. Sivabalan Sankaran holds LL.B. Hons (London) as well as a Barrister at-Law (Middle Temple) and is an Advocate for the High Court of Malaya, Dip. Int. Arb) He also is a certified mediator. He is a partner in the senior section of the firm. He has extensive experience in arbitration and litigation. His writing experience includes Malaysia’s first power station that was independent as well as the KL International Airport and the Singapore Crossing.