Govt exploring proposal to set up international commercial court in Malaysia

This aims to make the nation a preferred destination to resolve commercial law disputes, says law minister

9:18 PM MYT

 

KUALA LUMPUR – The government is currently exploring the proposal to establish an international commercial court in Malaysia, said Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

In a Facebook post, Azalina said that the proposal was discussed during her meeting with Chief Justice Tun Tengku Maimun Tuan Mat and representatives of the judiciary at the Palace of Justice today.

She stated that this initiative aims to make Malaysia one of the preferred destinations in the region for the resolution of commercial law disputes.

“… And also enhance the confidence of foreign investors to invest in our country, in line with the unity government’s agenda to attract foreign investment to Malaysia through a suitable model,” she said. – December 20, 2023

Topics

 

Popular

Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

FashionValet a loss-making entity before and after Khazanah, PNB’s RM47 mil investment

GLICs bought stakes in 2018, company records show total RM103.3 million losses after tax from 2017 to 2022

[UPDATED] Petronas confirms ongoing productivity reviews to ‘eliminate inefficiencies’

Responding to Scoop, industry giant said it aims to become ‘operationally focused, commercially agile and cost-efficient’, but did not clarify if it is linked to Petros deal

Related