A business trust is an arrangement in which a trustee holds and manages property or assets for the benefit of beneficiaries. The beneficiaries can be individuals, companies, or other trusts. Business trusts are often used to manage investments, hold property, or carry on business activities. Advantages of using a business trust include: Asset protection: The […]
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Selling your haunted house
So you own a haunted house and you want to sell it. What does the law think about it? Well, lots of things really. But most buyers prefer to buy just a normal house. So unless you have a buyer planning to buy a haunted house, perhaps to conduct a seance or to commercialize as […]
If you get arrested by the police
If you have been arrested, you should first contact a criminal defense lawyer. They will be able to advise you on what to do next and may be able to get you out of jail. You should also: Remain silent Ask for a lawyer Request to see the warrant Request to speak to a supervisor […]
Online scams and the victims’ recourse
Recently, Malaysia has seen a rise in online scams, and it is foreseeable that this state of affairs will continue in the future. Examples include phishing scams, Nigerian love scams, Macau scams, and more. Things have gotten bad – really bad. This month, reports emerged of young Malaysians who were lured to Cambodia and forced […]
Post-Money SAFE Agreement and Malaysian Startups
Introduction to SAFE Agreements The SAFE Agreement stands for “Simple Agreement for Future Equity”. The SAFE was pioneered by Y Combinator, a technology startup accelerator. When it was first introduced in 2013, the SAFE was a pre-money valuation cap, but in 2018 redrafted the SAFE to a post-money valuation cap focus. The SAFE has become […]