5 Law Firms Set to Expand in Malaysia in the Coming Months
With a recent slump on the market, a lot of small, medium and large law firms are cutting expenses and aren’t taking profits distributions. Some firms have frozen salaries and are likely to have to trim their staff. Although some companies have plans to reduce salary, some will refusing to accept probationary employees. Although this could seem to be temporary at first, the situation may become more widespread over time. Over the next few months, Malaysian law firms should anticipate important changes to their practice.
There are many aspects to be aware of if you want to set your LLP in Malaysia. The first is to make sure that your partners are able to conduct business in Malaysia. Three partners at least have to reside in Malaysia and the third one acting as the compliance officer. This requirement is only applicable for certain partners. It is possible to apply online to open a bank account even if you are not present physically in Malaysia.
Expertise is another important factor to look at when choosing a law practice. K&L Gates LLP advises on dealings internationally with Malaysian firms The firm’s staff has a pool of talent from across Asia to make sure that clients get quality representation. For example the managing associate David Tang draws on a worldwide network of professionals, including Lian Yok Tan, expert on resource and energy-related mandates. James Bradley provides advice on corporate jets. Another strength of the firm is the strong practice in employment and is managed by Christopher Tan. Further, Sacha Cheong advises on employment issues in Malaysia.
Allen and Gledhill Malaysia’s partner Lee Hishammuddin is a vital part of the tax department. His experience covers tax disputes, audits and tax cases involving transfer pricing. Nitin Nadkarni is also the head of the tax practice. Jason Tan Jia Xin is the customs and trade specialist at the firm, serves as the second. They are well-aware of Malaysian legal and tax issues.
Lee Hishammuddin heads Allen & Gledhill’s real estate practice. This group supports a vast client list with any type of real estate purchase, even major debt offering. Lee is especially skilled in helping with real estate financing for banks. Tay Weng Hwee is a banker with an excellent reputation for the real estate industry and property financing. He has a vast knowledge of Islamic finance and financing as well as strong transactional skills.
Legal services company Herbert Smith Freehills Malaysia will establish a branch in Malaysia to provide Malaysian clients. It has been working with clients such as Axiata, Petroliam Nasional Berhad as well as Sime Darby. Herbert Smith Freehills Malaysia has been operational since 68 years. The company’s Malaysian operations have been growing and expanding over the past few years to accommodate the demands of Malaysia’s expanding economy.
The relationship between the firm and Malaysia dates back over 20 years. It has several key Malaysian businesses and multinational organizations as its clients. It is now one of the biggest law firms across Asia and has offices at New York, London, Doha, Seoul, and Beijing. In the year 2015, it formed an alliance between foreign law firms and Singapore’s Prolegis, and expanded in Johannesburg as well as Riyad. In 2016, it opened its first office in Dusseldorf and has international counsel working alongside its local partners.
The legal team of Zul Rafique & Partners comprises highly competent lawyers who have a passion for the law areas they apply to. Kung Suan Im is a participant in the group of Corporate and Financial Practice. His expertise is in the property and maritime areas. Apart from his knowledge in these fields, he is an active member of the Meritas Global Network.
The company’s banking and finance practice is amazing. The firm’s lawyers are skilled in Islamic and traditional financing. Their extensive experience in trans-border transactions have made them an expert advisor for both the financial institutions and the borrowers. The partners regularly deal with questions of restructuring or retrenchment in the workplace. The firm is led by four partners, who are experts in various areas that deal with employment law. P Jayasingam is responsible for litigating cases, and Wong Keat Ching is responsible for disciplinary cases. Thavaselvi Pararajasingam is a consultant on dismissal by constructive means and the employment law. Alvare Teoh provides assistance on issues involving employee misconduct and investigation.
Tan Swee Im, Siva& Partner is a law firm situated in Kuala Lumpur, Malaysia. There are five lawyers who practice there comprising Chow Yu Jiin, Lim Cze Mien, Tan Swee Im and Tharmini A/P Paramasivan. The firm is an expert in construction law. It serves clients across Asia as well as the Middle East. Read on to learn more.
The firm’s founder and managing partner the firm’s managing partner, Mr. 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. As a partner in the senior position, the firm has vast expertise with arbitration and litigation. He was part of the writing team that designed Malaysia’s first independent power plant and also the KL International Airport, as well as the second Singapore crossing.