Digital assets may take the form of digital currency or digital token, these assets are created and stored digitally and only exist in digital form. They carry value and could be owned and transacted. Private keys are used to authorize transactions and prove ownership of such assets. The legal definition of digital asset is found under the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019...
Digital assets may take the form of digital currency or digital token, these assets are created and stored digitally and only exist in digital form. They carry value and could be owned and transacted. Private keys are used to authorize transactions and prove ownership of such assets. The legal definition of digital asset is found under the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019...
When the Construction Industry Payment and Adjudication Act 2012 (“CIPAA”) came into force on 15 April 2014, the construction industry was stoked and at the same time sceptical. Since then, the Courts in the cases that were brought before it in regards to CIPAA have upheld the aim that CIPAA adjudication is meant to achieve rough justice – ‘pay now, argue later’. The industry was somewhat elevated in their scepticism but they continue to watch closely
In a recent judgment dated 28 February 2023, the Federal Court provided a much welcome clarification on the applicability of Section 21 of the Limitation Act 1953 in applications for orders for sale of charged property under Section 256 of the National Land Code (“NLC”). 6 questions of law were argued before the Court and this update focuses on 2 main issues...
In recent months, there have been a series of purported data leaks at the National Registration Department of Malaysia (“NRD”) whereby the personal information of millions of Malaysians had been stolen and put up for sale on the dark web. The NRD has consistently denied responsibility for the leaks and identified that the leaks had originated from several agencies that the NRD had authorised to obtain information from the NRD
In most construction contracts, in particular the standard forms contract such as the PAM Contract 2018, AIAC Standard Form of Building Contract 2019, PWD Form 203A (Rev. 2007) and JKR Sarawak General Conditions of Contract, there would usually be a requirement to serve a written notice within a stipulated time from the occurrence of the event or circumstances that form the basis for applications for extension of time (“EOT”), claims for loss and expense and in some cases claim for additional expense caused by variation
Malaysian Parliament passed the Malaysian Anti-Corruption Commission (Amendment) Bill 2018, which amends the Malaysian Anti-Corruption Act 2009 (“MACC Act”)...
Digital assets may take the form of digital currency or digital token, these assets are created and stored digitally and only exist in digital form. They carry value and could be owned and transacted. Private keys are used to authorize transactions and prove ownership of such assets. The legal definition of digital asset is found under the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019...
Since the Government’s first announcement of a nationwide Movement Control Order on 18 March 2020, many businesses, both small and large, have taken a hit from the impact of the unprecedented Covid-19 pandemic.
Digital assets may take the form of digital currency or digital token, these assets are created and stored digitally and only exist in digital form. They carry value and could be owned and transacted. Private keys are used to authorize transactions and prove ownership of such assets. The legal definition of digital asset is found under the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019...