1. The main legislations governing family matters (i.e marriage, children custody) in Malaysia. The Law Reform (Marriage & Divorce) Act 1976 (“LRA”) came into force on 1st March 1982 and was further amended in 2017 – (Law Reform (Marriage and Divorce) (Amendment) Act 2017). Other important and relevant legislations in relation to non-Muslim family matters in Malaysia include:[1] 2. Are…
1. What is moneylending? Pursuant to Section 2 of the Moneylenders Act 1951 (Akta Pemberi Pinjam Wang 1951 [Akta 400]), moneylending means lending money at interest, with or without security, by a moneylender to a borrower. A moneylender is also defined in the same section as “moneylending” means the lending of money at interest, with or without security, by a…
It is a common misconception among many Malaysians that as company directors, they are absolutely immune from any liabilities or obligations arising from the acts or omission of the company as well as its debts due to the concept of separate legal personality where a company is a legal person separate from its members (directors, shareholders and employees) in the…