Proposed new commission for startups and venture capital in Malaysia

On 30 September 2018, the Communications and Multimedia Minister, Gobind Singh Deo announced that his ministry is planning to set up a new commission (“Commission”) to develop startups and venture capital industry in Malaysia. Essentially, the Commission aims to streamline efforts in view of developing startups and venture capital in Malaysia.The proposed Commission will...

Exposure Draft on Risk Management Technology issued by Bank Negara Malaysia

On 4th September 2018, Bank Negara Malaysia (“BNM”) issued an exposure draft of the Risk Management in Technology policy document which sets out the BNM’s expectations with regard to financial institutions’ technology risk management framework and practices proportionate to the size and complexity of the financial institutions. The policy will apply to all licensed...

Islamic finance as a tool for social justice

On  10 September 2018, a member of our law firm, Izwan Zakaria attended the Islamic Finance News (IFN) Forum in Istanbul Turkey. The event was jointly organised by the Istanbul Islamic Finance Consultancy (IIFC) and Gateway LLP (Gateway) in Istanbul, Turkey. Gateway is an international Islamic consultancy consisting of leading Shariah practitioners which are multi-jurisdictional...

Evolution of Blockchain Regulations: The Malaysian Perspectives

On 26 September 2018, the firm’s team attended The Southeast Asia’s International Blockchain or better known as BLOCFEST. The two days’ event was held at  Shangri-La Hotel, Kuala Lumpur. The firm’s founding partner, Siti Zurina Sabarudin was invited to present her experience on recent blockchain regulations titled ‘The Evolution of Blockchain Regulations: The Malaysian Perspectives’....

Tealive vs Chatime : Settled Out of Court

After almost two years of court and arbitration proceedings, the owners of Tealive and Chatime have finally reached a mutual agreement.In a joint statement released today, 30 August 2018, Loob Holding Sdn Bhd (Tealive) and La Kaffa International Co Ltd (Chatime) announced that both companies have reached an out-of-court settlement to amicably resolve all...

Zurinalaw participates in a panel session on startups organised by Malaysia Digital Economy Corporation

On Wednesday, 15 August 2018, Zurinalaw had the pleasure of attending the inaugural event organised by Malaysia Digital Economy Corporation (MDEC) under its Malaysia Digital Hub banner. Titled ‘Common Legal Issues’, the panel session was organised at WORQ Coworking Space located in TTDI. In a panel session, Zurinalaw was represented by Izwan Zakaria, our...

Zurinalaw wins ‘Intellectual Property Rights Advisory Firm’ Award from Malaysia Venture Capital Association

Messrs Zurina is pleased to announce that the firm had received the ‘Intellectual Property Rights Advisory Firm’ Award during the Malaysian Venture Capital & Private Equity Association.   The award ceremony, which was held on 31 July 2018 at the Sime Darby Convention Centre was attended by investment professionals and private equity / venture capital...

Robo Advisory Licensing Framework in Malaysia and Addressing Key Challenges

This post aims to provide a a general overview on the licensing requirements introduced by the Securities Commission of Malaysia (“SC”) for potential applicants seeking to be licensed as a robo-advisory firms under the the revised Licensing Handbook (“Handbook”) published on 9 May 2017. What is a robo advisory firm? Essentially, a robo advisor is a platform...

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