Gong Xi Fa Cai to all of those celebrating!
We hope that this new year brings you all much happiness, success, good health and prosperity!
This is our first edition of Empower for 2022 and we hope that you would all find it insightful and practical as we strive to continue to provide you with the latest legal updates in Malaysia which we consider to be relevant and applicable.
We have four articles in this newsletter and the first article speaks about the new Housing Integrated and Management System (HIMS) which is a new single-entry system introduced by the National Housing Development to replace previously existing systems. Read the full article to find out more!
Our second article is indeed an extremely hot topic as it considers the Covid 19 (Amendment) Act 2022 which was gazetted earlier this month. The amendments to the Act would be relevant to housing developers and property buyers and if you fall in either one of these categories, then we are certain that you would find this article to be worth a read.
Our third article is a case summary of the Federal Court’s recent decision in KWSP v Edwin Cassian Nagappan and this article would without a doubt be of interest to every one of you. The Federal Court’s decision clarifies whether or not company directors could be made personally liable if the company defaults in its Employee Provident Fund contributions. Have a read to know the answer!
The last article we have is also a case summary of the recent Court of Appeal’s decision in Concrete Parade Sdn Bhd v Apex Equity Holdings Bhd & Ors and it considers the pre-emptive rights of existing shareholders of a company in its issuance of new shares to outsiders. The article sets out a practical guide which we think would be useful to those of you who wish to know more.
Finally, don’t forget to check out our inside out section for our latest activities, initiatives and updates.
We hope that you enjoy reading this edition as much we enjoyed putting it together for you! Happy reading!
Chong Lee Hui
Serene Hiew Mun Yi
Amy Hiew Kar Yi
Tan Poh Yee
Hee Sue Ann
Chan Jia Ying