Category: Law

[Note: When this article was first published on 18 August 2022, the amendments to the Employment Act were scheduled to come into force on 1 September 2022. In late August 2022, the government announced that the implementation date would be deferred to 1 January 2023. This article has been edited to reflect the new implementation date, with any new text in red.]

From 1 September 2022 1 January 2023, when the new Employment Act (“EA”) amendments come into force (See: Employment Act to apply to all employees from 1 January 2023, some sections subject to increased salary threshold of RM4,000/month), all employees with wages up to RM4,000/month will be entitled to overtime payments. This is a significant change from the pre-amendment EA, where generally only employees with wages up to RM2,000/month were entitled to overtime payments.

This widened scope will have a major financial impact on

The High Court in Exxobrite Sdn Bhd v Value Plus Industries Sdn Bhd (grounds of judgment dated 29 July 2022) dealt with the moratorium effect of a judicial management order and the insolvency repercussions arising from the judicial management process.

Summary of the Decision and Significance
Grounds by: Nadzarin bin Wok Nordin J

The company, Value Plus, was placed into judicial management. As part of the judicial management process, the judicial manager had carried out the proof of debt exercise and drew up the judicial manager’s Statement of Proposal. The creditor, Exxobrite, had its debt admitted in the judicial management process.

While the judicial management order was still subsisting, Exxobrite issued a winding up statutory demand for the sum of approximately RM73,000.00.

Subsequently, Exxobrite filed a winding up petition based on both section 466(1)(a) and 466(1)(c) of the Companies Act 2016 (CA 2016). Section 466(1)(a) is

We usher in 2023 by reviewing the largest law firms in Malaysia in 2022. This compares with the previous editions (2021, 2020, 2019, and 2018).

We refer to the number of lawyers based on the Malaysian Bar legal directory as at to date.

The Year 2022 in Review

The 3 Largest Malaysian Law Firms

As a repeat of last year’s listings, the three largest law firms in Malaysia continue to be Zaid Ibrahim & Co, Skrine, and Shearn Delamore & Co.

Zaid Ibrahim & Co maintains its top ranking with the largest number of lawyers: 123 lawyers in total for the year 2022. However, this is a drop from last year’s total of 155 lawyers. The drop in its lawyers could have been due to the development below on the ZICO Law network joining the KPMG organisation.

Nonetheless, Zaid Ibrahim & Co,