CORPORATE DIVISION

  Overview  

Skrine's Corporate Division is regarded as being one of the leading practices in the country and has an extensive track record of deftly handling high profile and complex transactions. The division is led by 12 partners, many of whom are ranked as leading individuals in their respective areas of practice by renowned legal publications and journals. The wide range of corporate and commercial services offered includes the following areas: mergers and acquisitions, competition, oil and gas, mining and mineral resources, asset-based financing and securitization including shipping finance, banking and finance (including Islamic finance), capital markets, energy, natural resources and utilities, environment, health and safety, international trade, project finance, venture capital and private equity, real estate, securities, tax and trusts.

Publications

Disclaimer

The contents of these articles from our newsletter are of a general nature. You are advised to seek specific legal advice on any transaction or matter that may be affected by these articles. If you require further analysis or explanation of the subject matter, please contact our partners or the person whom you normally consult.

 

Acquisitions, Mergers & Takeovers

Legal Insights 01/2012, March 2012 – "And Two (or More) Shall Become One"
The writer makes a case for the incorporation of a framework for statutory amalgamations into the Companies Act 1965.

Legal Insights Issue 2/2010, June 2010 - Plugging the "Loophole"
The proposed amendments to the listing requirements on privatisation of listed companies via the disposal of assets.

Legal Insights Issue 4/2009, December 2009 - Losing Control of Porsche
A tale on a takeover attempt that went awry.

Legal Insights Issue 1/2009, March 2009 – A Blast from the Past: Of Poison Pills and Pac-Man Defences
A primer on hostile take overs.

 

Capital Markets

Legal Insights 02/2011, June 2011 – Growth with Governance
An overview of the Capital Market Masterplan 2.

Legal Insights 03/2011, September 2011 – "Tightening Up the Act"
The writer summarizes the key amendments to be made to the Capital Markets and Services Act 2007 under the Capital Markets and Services (Amendment) Act 2011. It should be noted that the Amendment Act has come into operation on 3 October 2011.

Legal Insights 03/2011, September 2011 – "Building A Retirement Nest"
An examination of the legal framework for private retirement schemes under the Capital Markets and Services (Amendment) Act 2011 which came into operation on 3 October 2011.

Legal Insights Issue 2/2008, June 2008 - The Keys to a more Vibrant Capital Market
The liberalisation measures in the guidelines on the offering of Equity and Equity-Linked Securities.

Legal Insights Issue 1/2008, March 2008 – Private Equity vs Hedge Funds
A brief write-up on the features of these collective investment schemes.

Legal Insights Issue 3/2007, October 2007 - Unification
A primer on the new Capital Markets and Services Act 2007 that consolidates the regulatory regime for the securities industry and the futures industry.

Legal Insights issue 2/2006, June 2006 – Fund Times: Will It Last?
A brief write-up on the features of these collective investment schemes.

Legal Insights Issue 1/2006, March 2006 – Good Times Fund Times?
Explains the mysteries of Exchange Traded Funds in the first of a two-part article.

 

Competition Law

Legal Insights Issue 03/2012, September 2012 – Exemptions Under the Competition Act 2010
This article provides an outline on applications for block exemptions and individual exemptions.

ALB Special Report: Malaysia 2010, June 2010 – The Malaysian Competition Act 2010: Changed Or Be Changed
The Malaysian Competition Act provides more protection for Malaysian Consumers.

Legal Insights Issue 2/2010, June 2010 – No Turning Back Malaysian Competition Act
Explains the impact of this impending legislation after a 17 years wait.

 

Constitutional Law

Legal Insights Issue 04/2012, December 2012 – “Going to the Ballot Box”
An interesting article which provides an overview of the general election process in Malaysia.

 

Corporate Advisory

Legal Insights Issue 4/2013, December 2013 –“A Review of the Companies Bill 2013 - Part II”
This article continues the review of the Companies Bill 2013.

Legal Insights Issue 3/2013, September 2013 –“A Review of the Companies Bill 2013-Part 1”
This article highlights the significant changes in the Companies Bill 2013.

Legal Insights Issue 02/2012, June 2012 – "Transformation!"
This is the second of the two-part article that explains the features of a limited liability partnership under the Limited Liability Partnerships Act 2012.

Legal Insights 01/2012, March 2012 – "The New Kid In Town"
This is the first of the two-part article that explains the main features of a limited liability partnership under the Limited Liability Partnerships Act 2012.

Legal Insights 01/2012, March 2012 – Practical Guide Series: Counting the Days
This article explains the basis on which the time frame prescribed by the Articles of Association of a company for convening of company meetings is to be calculated.

Legal Insights 04/2011, December 2011 – "Of Bimbos, Black Swans, Ex-Dates, Etc"
An explanation of some legal and corporate terms.

Legal Insights 02/2011, June 2011 – The English Premier League
The writer explains the legal framework and the pounds and pence of EPL.

 

Energy & Utilities

Legal Insights Issue 1/2008, March 2008 – The Malaysian Biofuel Industry Act 2007
Examines the new licensing regime that will be introduced under the Malaysian Biofuel Industry Act.

 

Environmental Law

Legal Insights Issue 03/2012, September 2012 – The First Step
This article examines the Contaminated Land Management and Control Guidelines

The International Comparative Legal Guide to: Environment Law 2010
This article first appeared in The International Comparative Legal Guide to: Environment Law 2010, published by Global Legal Group Ltd, London.

Legal Insights Issue 4/2009, December 2009 – The Battle Against Global Warming
The role of the Kyoto Protocol explained.

Legal Insights Issue 2/2008, June 2008 – The Rubbish Fix
Examines the new laws on the management of solid waste.

 

Foreign Investment

Legal Insights 02/2011, June 2011 – Game Changer
The writer highlights the salient changes under the Malaysian Industrial Development Authority (Amendment) Bill 2011, which has been passed at the House of Senate on the 5-07-11.

Legal Insights Issue 4/2009, December 2009 – Split Personality?
Explains the concept of a Labuan protected cell company.

Legal insights Issue 3/2009, September 2009 – Najibnomics – Lesson 5
Provides the highlights of the Prime Minister's speech at the Invest Malaysia Conference 2009.

 

Halal Laws

Legal Insights Issue 3/2006, September 2006 – Halal - The New Global Market Force (Part 2)
The salient features of the Halal Manual and Standards, the certification procedures and Halal legislation.

Legal Insights Issue 2/2006, June 2006 – Halal- The New Global Market Force (Part 1)
Explains the meaning of 'Halal' and outlines the initiatives taken to develop Malaysia as an international 'Halal' hub.

 

Islamic Finance

Legal Insights Issue 1/2010, March 2010 – Musharakah Mutanaqqisah – Another Debt Financing Product?
Explanation of the need for refinement in the documentation.

Legal Insights Issue 3/2009, September 2009 – Banking Without Interest – The Challenges Ahead
Explores the challenges for the Islamic Finance industry.

Legal Insights Issue 2/2009, June 2009 – Islamic Finance Contracts and Products
Islamic Finance products are created as an alternative to conventional banking products.

 

Oil & Gas & Natural Resources

Getting the Deal Through – Oil Regulation 2010
This chapter first appeared in "Getting the Deal Through – Oil Regulation 2010", published by Law Business Research Ltd.

Getting the Deal Through – Oil Regulation 2009
This chapter first appeared in "Getting the Deal Through – Oil Regulation 2009", published by Law Business Research Ltd.

Legal Insights Issue 4/2008,December 2008 – The International Compensation Regime for Oil Pollution in Malaysian Waters
A brief history of compensation regimes for oil pollution.

Legal Insights Issue 3/2007, October 2007 – Shipping and the Malaysian Oil & Gas Industry
The legal intricacies involved in providing shipping services for the Oil & Gas Industry.

 

Real Estate

Legal Insights Issue 4/2013, December 2013 – “An Assessment of the Proposed Rate Increase”
A discussion on the legal aspects of the proposed increase in assessment rates for properties in Kuala Lumpur.

Legal Insights Issue 1/2010, March 2010 – Relief for the "Distresses Landlord"
An antidote against errant tenants.

Legal Insights Issue 4/2009, December 2009 – Less Gain, More Pain
RPGT reinstated from 1 January 2010, to curb speculation activities in the property market.

Legal Insights Issue 1/2007, April 2007 – A Long Awaited Reform to Housing Development Laws
The latest legislative enactments that affect the housing development industry.

 

Revenue Law

Legal Insights Issue 04/2012, December 2012 – “Taxation of Limited Liability Partnerships”
The writers explain the tax treatment for Limited Liability Partneships in Malaysia.

Legal Insights 04/2011, December 2011 – "2012 Budget Highlights"
A summary of the salient points of the Budget 2012.

 

Legal Insights Issue 4/2010, December 2010 – 2011 Budget Highlights
A summary of the salient points of the Budget 2011.

Legal Insights Issue 2/2009, June 2009 – That's Entertainment
Some guidance on deductibility of entertainment expenses.

Legal Insights Issue 1/2008, March 2008 – Advance Tax Rulings
Section 138B was inserted into the Income Tax Act 1967 to enable the Director General of the IRB to make Advance Rulings.

 

Securities

Legal Insights Issue 2/2010, June 2010 - Practical Guide Series : Resolutions For Issue Of Shares
This article sets out the procedures which a company should adopt in relation to the resolutions to be passed to authorise the issue of new shares.

Legal Insights Issue 2/2010, March 2010 – Taking Stock of Bursa Malaysia's Enforcement Powers
Discusses key legal issues pertaining to enforcement proceedings by Bursa Malaysia.

Legal Insights Issue 1/2007, April 2007 – Regulated Short Selling
Discusses the salient features of Bursa Malaysia's rules on regulated short selling.

Legal Insights Issue 2/2004, June 2004 – Demutualisation of Bursa Malaysia
Discusses amendments to the Security Industry Act to safeguard public interest.

Legal Insights Issue 1/2004, March 2004 – Demutualisation of Kuala Lumpur Stock Exchange
The demutualisation of the KLSE under the Demutualisation (Kuala Lumpur Stock Exchange) Act, 2003.

 

Shariah – Principles and Practice

Legal Insights Issue 02/2012, June 2012 – "The Objectives of the Shariah"
The writer explains the Maqasid As-Shariah and its application to ordinary life.

 

Legal Insights 04/2011, December 2011 – "The Role of Ethics in Business"
An Islamic perspective of the role of business in an organization's corporate governance.

 

Takaful

Legal Insights Issue 1/2007, April 2007  - Mysteries of Takaful Revealed (Part 2)
Family Takaful is the Islamic equivalent of life insurance under the conventional insurance system.

Legal Insights Issue 4/2006, December 2006 – Mysteries of Takaful Revealed (Part 1)
Explains the basic fundamentals and the framework of a Takaful contract.

  People  

1 2

 

Quay Chew Soon

Partner  |  Corporate Division
Tel: 603 - 2081 3999 ext 721  |  Fax: 721 - 2094 3211  |  E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Quay      Chew Soon
Profile

Cheng Kee Check

Partner  |  Corporate Division
Tel: 603 - 2081 3999 ext 819  |  Fax: 603 - 2094 3211  |  E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Cheng Kee Check
Profile

Dato' Philip Chan Hon Keong

Partner  |  Corporate Division
Tel: 603 - 2081 3999 ext 728  |  Fax: 603 - 2094 3211  |  E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Dato' Philip Chan Hon Keong
Profile

Phua Pao Yii

Partner  |  Corporate Division
Tel: 603 - 2081 3999 ext 735  |  Fax: 603 - 2094 3211  |  E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Phua Pao Yii
Profile

  Accolades  

AsiaLaw Profiles 2012
Skrine combines its renowned litigation ability with an excellent corporate practice. A firm client says: "Skrine houses some of the most professional lawyers available. If there is any delay, it is usually more our fault than theirs. It is very responsive." A notable transaction this year was its representation of AIA in the setting up of joint venture company AIA AFG Takaful with Alliance Bank Malaysia. The deal was completed in early 2011. Partner Janet Looi is highly recommended by clients, with one saying: "She is very quick to respond. With quality practitioners such as her, the added value of working with the firm far exceeds the legal costs."

 

Skrine is a preferred choice of counsel for international clients with particular influence in the banking industry. Peers and clients comment that the firm is "formidable, and tough to beat". It provides advice to clients such as ING Insurance and American International Assurance and is regularly involved in financing work in the property, and oil and gas sectors as well as on corporate transactions. A client recommends the firm for its accessibility: "We prefer working with the lawyers there as we get responses in the space of hours. They are truly available 24/7 and return calls the moment they are able to."

 

IFLR 1000 2012
"Skrine has some of the most professional lawyers. They are diligent and competent in all respects. If there is any delay it is usually more our fault than theirs: they are very responsive," says one client. The firm combines renowned litigation expertise with a reputable corporate practice. Peers note that the firm "remains the firm to beat in all corporate matters."

The firm advised AIA in the setting up of joint venture company AIA AFG Takaful with Alliance Bank Malaysia. Work included preparing the shareholders' agreement between the joint venture parties and preparing the exclusive distribution agreement and the services agreement as well. The transaction was completed in early 2011.

Partner Janet Looi is particularly well-regarded by clients: "She is very quick to respond, and with quality individuals such as these, the added value provided by the firm far exceeds the legal cost," says one.

Another highlight for the firm was its work in setting up of ING Public Takaful Ehsan, which is a strategic alliance between ING Management Holdings, who holds a 60% stake, and Public Bank Berhad and Public Islamic Bank Berhad, who each holds a 20% stake.

 

Skrine remains a top choice for international clients, and has carved out a substantial reputation for itself in the banking area. Though nested in the corporate division of the firm's organisation, the banking team has been hailed by peers and clients as "formidable, and tough to beat."

One client praises the firm for its responsiveness: "We like working with the lawyers there as we get responses in a matter of hours if not days. They are truly on call 24/7 and return calls the moment they are freed from urgent engagements."

The firm is involved in financings for property, oil and gas as well as corporate transactions. Partner Theresa Chong is highly regarded by peers, with one noting: "Her leadership is invaluable to the firm."

Notable clients of the firm include: ING Insurance, American International Assurance, Thales Raytheon and Recron Malaysia, who is a member of the Reliance Group in India.

 

"Skrine is a big firm, and with such vast resources, the lawyers there can handle it all, be it a financial and corporate matter, or a litigation matter," declares one client. The firm retains its place in the market on the back of glowing support from peers and clients."The firm has been at the forefront of financial and corporate law in the country for awhile," one peer says.

The firm was involved in Baneng Holding's debt restructuring scheme which also involved the issuance of securities. The transaction is yet to be completed, and has been valued at RM215 million ($72 million).

A client recommends the firm for its level of service: "I would recommend the firm for its thoroughness. The efficiency and professionalism that they delivered through the lawyers we worked with was impressive."

The international capabilities are also highlighted by client of the firm: "The firm is very globalised: they seem to deal with an awful lot of foreign entities and international companies," says one.

 

Chambers & Partners 2012
Consistently excellent, Skrine maintains its position in Band 1 this year following another busy year in the corporate/M&A market. Offering clients a fully rounded service across the commercial sector, the team has expertise in acquisitions, joint ventures and restructuring. A stable senior team with a steady influx of new blood at associate level gives the group an excellent blend of experience and fresh ideas.

Sources say: "Skrine impresses us."

KEY INDIVIDUALS A fixture in the table, Cheng Kee Check is a partner in the corporate division and is well known for his expertise in takeovers, M&A and restructurings. Colleague Janet Looi is a well-established figure in the corporate sector and also has a great deal of expertise in the environmental market. Quay Chew Soon is very active in commercial transactions and is best known for his skill in takeovers and restructurings.

 

One of the old guard in Malaysia, Skrine has a long-standing reputation in the banking and finance sector. Offering a full service to clients from the banking, capital markets and Islamic finance industries, the team utilises its expertise on both domestic and international transactions. Its clientele includes banks, major financial institutions and multinational companies. The firm was recently instructed on a MYR600 million loan facility for a green energy project, and on a GBP245 million repurchasing programme in the UK.

KEY INDIVIDUALS Practice head Philip Chan was typically busy last year, and has a fine reputation for his expertise in the corporate and banking fields.

 

Legal 500 2012
Skrine's knowledgeable team acts for a range of international and local clients in the financial and industrial sectors. Recently it has been busy on mandates in the insurance sector, establishing joint ventures in the Islamic takaful market, including that of American International Assurance with Alliance Bank Malaysia. It also advised Fairfax Asia on its acquisition of Pacific Insurance. Practice head Theresa Chong has experience in establishing companies and joint ventures with cross-border elements. Cheng Kee Check and Janet Looi are also recommended.

Skrine has a comprehensive track record in financing and is particularly well recognised for its corporate banking work. Clients include multinationals and leading local players. 
Philip Chan and Theresa Chong are the names to note.

Skrine remains busy advising on IPOs on Bursa Malaysia.

 

 
ACCOLADES & AWARDS

Skrine Retains Who’s Who Legal Accolade for Malaysia

On 15th May 2017, the Who’s Who Global Awards was held in London, United Kingdom and Skrine was conferred the Award:

Malaysia Law Firm of the Year 2017

Skrine previously received this Award in 2013, 2014, 2015 and 2016.

>> READ MORE

SKRINE Clinches Top Honours at ALB Malaysia Law Awards 2017

On 6th April 2017, the Asian Legal Business Malaysia Law Awards was held and SKRINE was named

Malaysia Law Firm of the Year 2017

SKRINE also bagged 5 other awards

>> READ MORE

Asialaw Profiles 2017

The Asialaw Profiles has ranked Skrine as Outstanding Firm and particularly highlighting the following practice areas:

Outstanding Firm

  • Competition & Antitrust
  • Corporate/M&A
  • Dispute Resolution
  • Energy & Natural Resources
  • Intellectual Property
  • IT, Telco & Media
  • Project & Infrastructure

>> READ MORE

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