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Dear valued clients and business partners,

 
We are pleased to highlight the following legal updates and developments.
COMPETITION LAW

Airasia, MAS win appeal against MyCC fine

On 11 April 2014, the Malaysia Competition Commission ("MyCC") found AirAsia Bhd and Malaysian Airline System Bhd guilty of anti-competitive practices in contravention of Section 4(2)(b) of the Competition Act by reason of their entering into a share-swap agreement in 2011. The airlines were fined RM10 million each. The airlines appealed against MyCC’s ruling. On 4 February 2016, MyCC’s ruling was overturned by the Competition Appeal Tribunal. The grounds of judgment have yet to be handed down. 

For further information regarding competition law matters, please contact

Dato' Johari Razak
jorazak@shearndelamore.com

K Shanti Mogan
shanti@shearndelamore.com

 

DISPUTE RESOLUTION
 
Charles Koo Ho-Tung & Ors v Koo Lin Shen & Ors [2016] 2 CLJ 267
 
In dealing with an application for leave to cross-examine the deponents of affidavits filed in an originating summons (“OS”) proceeding, the High Court held that an unreasonable delay that has not been adequately explained in the applicant's affidavit is a ground in itself to dismiss the application. In this case, the application was filed more than 10 months from the date of the OS, and the Court held that the applicants had breached the mandatory duty imposed by Order 34 rule 9(1) and (2) of the Rules of Court 2012 to file expeditiously all interlocutory applications during pre-trial case management.
 
ISM Sdn Bhd v Queensway Nominees (Tempatan) Sdn Bhd & Ors [2016] 2 CLJ 294
 
In allowing an application to convert an originating summons to a writ action, the High Court held that the nature of the case on minority oppression, as alleged by the plaintiff, was one where it involved various disputed facts, which meant it was insufficient to merely rely on affidavit evidence alone to come to a determination on the issues arising in the case. Witnesses ought to be called not only to allow for their version of events to be narrated but also for Court to assess the veracity of their oral testimony.

For further information regarding dispute resolution matters, please contact


Datin Jeyanthini Kannaperan
jeyanthini@shearndelamore.com

Robert Lazar
rlazar@shearndelamore.com
 

TAX LAW

INCOME TAX
 
The Inland Revenue Board of Malaysia has recently issued two new operational guidelines in the Malay language as follows: 
  1. Prosedur Permohonan Surat Penyelesaian Cukai Individu — issued on 12 February 2016
  2. Tawaran Pengurangan Penalti Dan Penghapusan Kenaikan Cukai — issued on 10 February 2016.
GOODS AND SERVICES TAX (GST)
 
The revised versions of the following Industry and Specific Guides have been published on the Royal Malaysian Customs Department’s GST website
  1. Construction Industry (revised as at 2 February 2016)
  2. Gaming (revised as at 16 February 2016)
  3. Moneylenders (revised as at 17 February 2016)
  4. Money Services Business (revised as at 5 February 2016)
  5. Pawnbroking (revised as at 4 February 2016)
  6. Petroleum Downstream (revised as at 17 February 2016)
  7. Property Management: Joint Management Bodies (JMBs) & Management Corporations (MCs) (revised as at 27 January 2016)
  8. Registration (revised as at 17 February 2016)
  9. Telecommunication Services (revised as at 19 February 2016)
  10. Tertiary Education (revised as at 18 February 2016)
  11. Tourist Refund Scheme (revised as at 3 February 2016)) 
  12. Venture Capital (revised as at 27 January 2016)
For further information regarding tax law mattters, please contact

Goh Ka Im
kgoh@shearndelamore.com

Anand Raj
anand@shearndelamore.com

 
Copyright © 2016 Shearn Delamore & Co. All rights reserved.

This Alert is issued for the information of the clients of the Firm and covers legal issues in a general way. The contents are not intended to constitute any advice on any specific matter and should not be relied upon as a substitute for detailed legal advice on specific matters or transactions.



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