Since its independence in 1957, Malaysia has had one of the best economic records in Asia with its GDP growing at an average of 6.5% per annum for almost 50 years. The economy has traditionally been fueled by its natural resources but is expanding in the sectors of science, tourism, commerce and medical tourism.
Lex Mundi in Malaysia
Lex Mundi provides coverage in Malaysia through its member firm, Skrine, a top-ranked, full service law firm. The firm is led by 38 partners with more than 100 lawyers across its corporate, dispute resolution and intellectual property divisions. Skrine provides services to both domestic and international businesses in a variety of sectors including finance, banking, construction, insurance, multimedia, telecommunications, oil and gas, governmental and private sectors.
Representative Experience in Malaysia:
- Acted as Malaysian counsel for Murphy Oil Corporation in respect of its partial divesture of its Malaysian exploration and production interests in Malaysia. The divesture was structured as a two part divesture of a 30% interest in each of Murphy’s 6 exploration and production blocks to PT Pertamina Malaysia Eksplorasi Produksi, the National Oil Company of Indonesia. [Awarded ALB Malaysian M&A Deal of the Year 2015]
- Acted for the Employees Provident Fund. UDA, the landowner, signed a development rights agreement worth RM1,000,000,000 with a Special Purpose Vehicle (“SPV”) to transform the 19.4 acres of land previously the site of the Pudu Jail into the Bukit Bintang City Centre. The potential gross value to be generated from the development is estimated to be worth RM8,000,000,000.
- Advised in the Integrated River Basin Management project, a joint project of the Governments of Malaysia and Denmark and drafted the Water Resources Bill which has been passed by the State Senate.
- Acted for a successful applicant to file a Mareva injunction to freeze the assets of six individuals and two companies regarding the trading of shares in three listed companies in Singapore in the Singapore penny stock collapse. This is the first case where Section 11 of Arbitration Act 2005 has been used to assist in an international arbitration where the seat is outside of Malaysia.
- Acted for F & N Dairies (M) Sdn Bhd (“F & N Dairies”) in resisting a claim of industrial design infringement for the design of a bottle that the claimants, Tropicana Products Inc. (Tropicana Products) claimed was novel. Tropicana Products sought to apply for leave to the Federal Court to appeal against the decision of the Court of Appeal reversing a finding of infringement against F&N Dairies. The Federal Court dismissed Tropicana’s application.