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Showing posts from January, 2014

KLBC Activities Report for December 2013

4 December 2013 Pupils Introduction Session Organised by the KL Bar Pupils Welfare Committee, the introduction session for December was held on 4 December 2013. The session, attended by 77pupils, was led by Vince Chong. Pupils were briefed on the structure of the Malaysian Bar and the Kuala Lumpur Bar, the election to both the Bar Council and the Kuala Lumpur Bar Committee (“KLBC”) and the highlights of the Malaysian Bar. It included a session for pupils to raise issues and problems faced by them during their pupillage period and members of the KLBC were on hand to provide input and possible solutions. Amongst the issues raised by the pupils at this session were pupil’s allowance, heavy workload, unfriendly staff at the RKKK (Petition) Registry and pupils only being able to find out if their papers were in order for the s.36(2) LPA application on the day of the hearing itself and not earlier.
6 December 2013 KL Bar Monthly Social Get-together About 15 lawyers gathered at BAR 1981 @ Solaris…

ARTICLE: Limited Liability Partnership: An alternative business structure

By Foong Cheng Leong
Prior to the introduction of this Act, entrepreneurs who wished to do business had to either register themselves as a sole proprietor/ partner or a body corporate. The new Limited Liability Partnership Act 2012 introduces an alternative business vehicle namely, a Limited Liability Partnership (LLP), offering a hybrid of characteristics between a conventional partnership and a company.

According to the Companies Commission of Malaysia (CCM), LLP features the protection of limited liability to its partners similar to the limited liability enjoyed by shareholders of a company coupled, with the flexibility of internal business regulation through partnership arrangement similar to a conventional partnership.

Any debts and obligations of the LLP will be borne by the assets of the LLP and not that of its partners’. An LLP has the legal status of a body corporate which is capable of suing and being sued in its own name, holding assets and doing such other acts and things in …