Introduction Recently, on 10 October 2024, the Malay Mail reported that the family of the late Tan Sri Teh Hong Piow announced, they would sell down their shareholding in Public Bank from 23.4% to 10%, over a period of 5 years. This 23.4% shareholding is a mix of shares held personally by the late Tan […]
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Irrevocable Power of Attorney vs Will
If you’re thinking of estate planning and the managing of your assets after death, legal instruments like wills and powers of attorney (POAs) are important. However, what happens when these instruments clash with one another? We recently encountered this question with one of our clients. They had a situation where this exact issue came up […]
Calls for Boycott and The Law
Introduction – Boycotts In Malaysia, calls for boycotts flare up once in a while. Whether it be socks, or shoes, or something else – accusations of supporting a certain group or nation, in a conflict, perhaps – inevitably, the calls for boycotts come about.
Winding Up an Association in Malaysia
When can associations be wound up? Winding up refers to the order which is given by a court, shutting down the business of a company, and liquidating its assets to pay for its debts. Based on a recent Singapore case, Siti Hasmah binte Adam v Majlis Pusat Singapura [2024] SGHC 158, associations which are in […]
Managing Your Company’s Cap Table
Introduction to Cap Tables If you are a startup founder, understanding and managing your company’s capitalization table (cap table) is crucial for making informed decisions about fundraising, equity distribution, and long-term growth. A cap table is a spreadsheet that details the ownership structure of your company, including the equity holdings of founders, investors, and employees. […]