Single Parent’s Trust

May 24th, 2011

Copyright (c) www.123rf.com

Divorcee Anita is a single mother of two young daughters. Life is tough for her as she copes with the pressures of juggling career and the children’s upbringing.

“I have to work seven days a week as a lecturer in various colleges to provide for my daughters. I am constantly worried about their well-being should an accident happen to me or I suffer from a serious illness”, Anita told me when I first met her at a café in KL.

Malaysia has seen an increasing number of divorces. In 2002, for every 9.6 marriages registered, one ended in divorce. In 2009, one out of every 6.1 marriages broke up.

While marriages increased by 21% (from 153,318 to 199,586) between 2002 and 2009, divorces increased by as much as 105% (16,013 to 32,763) during the same period. The National Population and Family Development Board Malaysia counsels 700 to 800 estranged couples a year. The National Registration Department registered 2,706 divorces among non-Muslims in 2002, and the rate rose to 5,647 in 2009. Between 2006 and 2009, the divorce rates mostly stagnated at about 5,000 a year. However, seven months into 2010, there were already 7,428 divorce cases.

A parent can become single after the untimely demise of a spouse, the adoption of a child or the guardianship of a young child. Under such circumstances, it will be appropriate to consider the setting up of a Single Parent Trust to protect the interests of single parents and safeguard the well-being of their children.

Assets that generate income, such as properties that have rental income, listed company shares, insurance policies, unit trusts and cash can be placed into the trust. Trustee can to use the proceeds to pay for the children’s expenses for education, medical care and maintenance.

The single parent will act as the main trustee. Only in the event of death, totally permanent disability or serious mental illness, the substitute trustee named will act on her/his behalf.

There are many advantages of creating a Single Parent Trust such as:

1. The single parent can ensure that her instructions or wishes are followed to provide regular incomes to the children for their maintenance, education and medical needs. The trust also allows the assets to be used for the intended purpose for the children.

2. The children can get money immediately. As the trustee owns the assets, there is no need for a legal process  through a court before the he/she can distribute the assets or incomes to the children.

3. Impartiality and avoidance of any dispute are assured. An appointment of a trustee company, such as Rockwills Trustee Bhd, as substitute trustee ensures that the trust is administered fairly and legal disputes therefore do not happen.

4. There is confidentiality. The instructions stated in a trust deed are strictly private and confidential. A court or an outsider will not know the contents of the deed and may not even know that a trust exists. Only the single parent and the trustee know about the trust and the children will come to know about the contents much later.

5. It is easy and affordable to set up a trust. The setup fee is only one-off, and no other charges will be levied until and unless the trust is executed.

About the writer:
Evanna Phoon is the CEO & founder of www.MalaysiaWills.com, No. 1 online will-writing service provider. She is the franchisee of Rockwills (a non-Muslim will-writing firm) and As Salihin (a Muslim will-writing firm). She has produced more than 200 free videos of estate planning and has written a book, “66 Items You Need to Know before Planning Your Will,” which can be downloaded for free on @ www.MalaysiaWills.com She can be contacted via info@malaysiawills.com

Innovation and IP – What’s next for Malaysia

May 19th, 2011

The road to becoming an IP based nation is a necessary one that Malaysia must take in order to become a high income nation.  The key to this is to increase innovation and thereby create home grown intellectual property assets from which can be derived economic benefits for businesses.  This path however is fraught with challenges and requires a road map, clear strategy and careful planning.

The Malaysian Intellectual Property Association (MIPA) is proud to host an Intellectual Property and Innovation conference to generate discussion on this important issue entitled “Innovation and IP – What’s next for Malaysia”, to be held in Empire Hotel, Subang Jaya from 22-23 June 2011.

This Conference will bring together national and regional experts from both fields of innovation and intellectual property and is intended to educate and inform the various government, technology, innovation and intellectual property communities and stakeholders on where Malaysia is today and where we should be going.  Some of the topics being shared and discussed include:

-          The National Innovation Policy (by UNIK from the Prime Minister’s office)

-          Latest IP law developments

-          Learning from USA and Japan on becoming an IP based nation

-          Green Technology and IP

-          Impact of the Madrid Protocol

-          How to build a strong brand

-          Competition law and IP

-          Getting grants and investments for IP based companies   

 This is an important conference not to be missed by anyone interested or involved in innovation or IP.  The early bird rates expire on 31 May 2011 and therefore interested participants need to sign up now.  Please contact the MIPA secretariat for more information at tel: 03-79603002 or email at secretariat@mipa.org.my  

 The conference details and registration forms can also be found in MIPA’s website at www.mipa.org.my

Legal Process Enhancement – Corporate Counsel Transformation Conference

May 10th, 2011

The decade-long push for improved corporate governance, increasing regulation and, in some cases, legal troubles have all given Corporate Counsels higher profiles with their boards. Directors turn to the General Counsel / Corporate Counsels for knowledge of best practices in corporate governance, detailed understanding of compliance issues and regulatory issues, and guidance not only about what is legal but what is right. We have witnessed boards becoming heavily involved in massive litigation and government investigations, leading directors to take a strong interest in the caliber and character of the Corporate Counsel.

In addition to this corporate consolidation, complex compliance and governance structure and globalisation have changed the corporate legal counsel role of today’s company. Accounting and reporting irregularities and recent corporate scandals have lead to closer scrutiny of the legal and business advice provided by corporate legal counsel. Duties that once only consisted of oversight and management of the legal function now include compliance, corporate governance, ethics and risk management responsibilities. The imperatives of the substantive legal duties and functional/operational responsibilities have joined to redefine the corporate legal counsel function.

This conference will approach means on how a transformed in-house counsel can drive greater productivity from themselves and the function by enhancing legal processes to achieve greater revenue by saving within legal budget

Key features
- Restoring smooth litigation managements process through innovative legal service delivery
- Constructing top- level service model by emphasising performance and cost effectiveness when evaluating external counsel
- Analysing gaps and needed improvements to the legal framework to fulfil its legislatives mandates
- Renewing the objectives of the legal department in validating legal budget to drive greater profits
- Evaluating current status of implementation and enforcement to present recommendations on keeping update with regulatory requirements under multiple jurisdiction

Key Focus
- Effectively collaborate with external counsel – Determining the right mix between working with external counsel and utilising more efficiently internal legal capabilities
- Mitigating and managing risks through corporate compliance performance
- Legal cost management
- Turning metrics into analytics that helps improve legal function involving  qualitative and quantitative data
- Streamlining processes and strengthening partnership with internal clients to achieve faster decision making and response time

Key Topics
- Facing the legitimate interests of compliance with competition and anti–trust   law and its implications on your organisation
- Empowering a smooth litigation management process by understanding the demands of the function of a corporate counsel while producing positive litigation results
- Reconciling budget cost and alternative billing agreement as an opportunity to account for value
- Legal cost containment
- Reducing legal transaction cost associated with reaching an agreement by providing an efficient and substitute for trial – Out of court settlement
- Expediting profitable outcome through a successful partnership with external counsel for optimal results and deliverance

*eLawyer online subscribers are entitled to an exclusive discount of 10% when registering with Ms. Cherrie.

Please contact Cherrie at 603-2723 6662 or email to CherrieK@marcusevanskl.com for details and quote “Legal – eLawyer” during registration. *

eLawyer Nite 2011

January 29th, 2011

 

eLawyer Nite 2011 was sucessfully held on Friday 21st January 2011 at The Bee @ Jaya One.

It was indeed a great pleasure to organize eLawyer Nite 2011 and having the opportunity to meet and network with our members and friends.

We hope you enjoyed the delicious food and drinks prepared.

We thank our lovely speakers, Mr Rodney Koh of Rodney Koh & Associates and Mr Lau Kee Sern of Shook Lin & Bok  for their time in sharing valuable information and advice to our participants.

We also received feedback from the participants that those topics were very relevant to their daily practice.

The participants enjoyed the Ang-Pow Giveaway session with our founder Mr Eddie Law giving out ang pows to participants who aced the questions asked during the Q&A session.

 We thank all who participated in this event, and hope to see more of you in our next gathering!!

Our wonderful speakers Mr Rodney Koh & Mr Lau Kee Sern.

Our participants.

Ang Pow Giveaway session.

Contract Risk & Dispute Management

January 4th, 2011

Harvesting maximum benefit from your commercial relationship via effective strategies in commercial risk mitigation and contractual disputes resolution

Kuala Lumpur, Malaysia | 9th & 10th May 2011

Bangkok, Thailand | 10th & 11th May 2011
 
Increasing commercial risk exposures, burden of litigation, heavy cost and time has been wasted on various cancellations and variations to commercial contacts resulting in increasing number of business disputes due to market volatility. Many organisations are looking at alternative ways of minimising and mitigating such instances, thus, considerations in legal risk from the very start is essential to mitigate any possible risk or disputes in the future.
 
The level of strategic focus on contract risk management is generally low and this in itself is a major risk for organisations. Many are now beginning to slowly realise and becoming more active in this aspect. In addition,  successful mediation, arbitration and negotiation is now seen as having a positive dimension, as it not only inexpensive and delivers fast outcome in disputing commercial cases, it benefit towards redefining business relationships.
 
Attend this dynamic 2-day course and benefit your organisation by allowing a greater hold in minimising risk, limiting losses and ensuring clarity from the very beginning whilst gaining the essential knowledge and success strategies in risk allocation, effective negotiation and conflict resolution.
 

Attend this informative event and gain practical insights into:

Identifying hidden risks in your current contracts through comprehensive and systematic review methods that will flag potential liability issues
Reviewing positive and practical steps that can be taken during the course of a contract to prevent and minimise the risks and number of claims
Discussing current tips, strategies and techniques in dispute resolution through mediation
Avoiding or minimising disputes through effective project management and risk assessment plans for contracts
Grasping strategies in enhancing relationships with the contractors and developers to strengthen the partnership
Mastering the art of negotiation and persuasion in winning an argument
Minimising cost contingencies and variations by identifying key contract management risks from the beginning
 

Who should attend:

 CEOs, COOs, Presidents, Vice Presidents, Managing Directors, Directors, General Managers, Senior Managers, Managers, Supervisors, Heads of the following areas:

• Legal Counsel

• Contract Advisors

• Project Professionals

• Procurement and Purchasing Managers

• Mediators

• Legal Advisors

• Lawyers

• Sale & Marketing Managers

• Business Development Managers

From these target sectors:

• Infrastructure & Construction

• Legal Firms

• Oil and Gas

• Petrochemicals and Chemicals

• Real Estate & Properties

• Heavy Industries

• Banking and Finance

• Conglomerates & Family Owned Businesses

• Retailing & Manufacturing

• IT and Telecommunications

 All eLawyer members are entitled to a discount of 10% when registering with Ms. Alexis Nair. For more information and registration, please contact Ms. Alexis Nair at T: +603 2723 6662 or email: alexisn@marcusevanskl.com

Whistleblower Protection Act 2010

December 24th, 2010

As an initiative to fight corruption, the Whistleblower Protection Act 2010 (Act 711) has been duly approved in Parliament on 6th May 2010 and came into force on Wednesday 15th December 2010.

This Act is to be implemented by all enforcement agencies eg: Police Force, Customs, Immigration, Malaysian Anti Corruption Commission etc., including ministries and departments under federal and state governments with investigative and enforcement authority.

The Act is formulated to encourage informers to expose corrupt practices and other misconduct. This move would provide immunity to informers from civil or criminal charges.

Based on Wikipedia “Whistleblower” is defined as:

“A whistleblower is a person who raises a concern about alleged wrongdoing occurring in an organization or body of people. Usually this person would be from that same organization. The alleged misconduct may be classified in many ways; for example, a violation of a law, rule, regulation and/or a direct threat to public interest, such as fraud, health/safety violations, and corruption. Whistleblowers may make their allegations internally (for example, to other people within the accused organization) or externally (to regulators, law enforcement agencies, to the media or to groups concerned with the issues).”

Under section 6 of the Whistleblower Protection Act 2010 “Whistleblower” is defined as “any person who makes a disclosure of improper conduct to the enforcement agency ”.  Under Section 6(1) of the Act, it is stated that a person may make a disclosure of improper conduct to any enforcement agency based on his reasonable belief that any person has engaged, is engaging or is preparing to engage in improper conduct Provided that such disclosure is not specifically prohibited by any written law.

Section 6(2) further states that a disclosure of improper conduct under subsection (1) may also be made although the person making the disclosure may not be able to identify a particular person to which the disclosure relates or although the improper conduct has occurred before the commencement of this Act.

Information acquired of any improper conduct of the said person while he was an officer of a public body or an officer of a private body is also relevant.

In the United States, legal protections vary according to the subject matter of the whistleblowing, and sometimes the state in which the case arises.

  • Lloyd-La Follette Act (1912)
  • Water Pollution Control Act (1972)
  • Safe Drinking Water Act (1974)
  • Resource Conservation and Recovery Act (also called the Solid Waste Disposal Act) (1976)
  • Toxic Substances Control Act (1976)
  • Energy Reorganization Act of 1974 (through 1978 amendment to protect nuclear whistleblowers)
  • Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, or the Superfund Law) (1980)
  • Clean Air Act (1990)
  • Surface Transportation Assistance Act (1982)
  • Pipeline Safety Improvement Act (PSIA) (2002)
  • Wendell H. Ford Aviation Investment and Reform Act for the 21st Century (“AIR 21″)
  • Sarbanes-Oxley Act (2002) (for corporate fraud whistleblowers)
  • Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) (for Securities whistleblowers)
  • Military Whistleblower Protection Act

It is apperent that US has adpoted a more specific approach in protecting the Whistleblower.

On the other hand, in the United Kingdom, the Public Interest Disclosure Act 1998 provides a framework of legal protection for individuals who disclose information so as to expose malpractice and matters of similar concern. In the vernacular, it protects whistleblowers from victimization and dismissal. (Source: Wikipedia)

We support the Government’s urge that anybody who has any report to make, need not worry as under Section 7(1), a whistleblower shall have protection of confidential information, immunity from civil and criminal action, and protection against detrimental action.

We congratulate the Government for finally implementing this Act. With the enforcement of this Act, we hope that integrity and professionalism among workers in all sectors, both private and government, would be increased accordingly.

Merry Christmas~!

December 24th, 2010

Copyright (c) 123RF Stock Photos

Dear eLawyer Members & Friends,

Merry Christmas & Happy New Year~!

Hope you have a better legal career in Year 2011~!

Happy Holidays~!

From eLawyer Team.

Getting Called to the Singapore Bar (Part 1): The Requirements

December 17th, 2010

This article is reproduced in this blog with the permission of its original writer Lee Shih, and the article itself is extracted from Loyarburok website.

By Lee Shih

Recent changes to the Singapore Bar admission requirements have made it easier for foreign lawyers to get admitted to law practice in Singapore. Here are the requirements Malaysian lawyers need to meet.

This first part sets out in some detail the process in which a Malaysian lawyer can get admitted to the Singapore Bar. Owing to the various rule changes over the years, with different admission standards applying for different years, the article will focus mainly on younger lawyers who obtained their law degrees after 1997.

Part 2 shifts to a different perspective where we get to learn about the personal experience of a LoyarBurokker who recently sat for the Singapore Bar examinations.

Increasingly, Singapore seems to be the destination of choice for many Malaysian lawyers to practise in. There are many factors attracting Malaysians, including higher pay and the opportunity to gain better exposure to higher-level work.

In the past, the most common route to work in Singapore was to find a position as a foreign lawyer. This allowed a lawyer to work at Singapore law firms but without the need to be admitted to the Singapore Bar. Strictly speaking, as a foreign lawyer, you could advise only on foreign law but in practice, you largely carried out the same duties as a Singapore-qualified lawyer but without the ability to attend Court or to sign off on documents or opinions. Some of the drawbacks of being a foreign lawyer were that in most cases, you would draw a lower pay than a Singapore-qualified lawyer and that your promotion prospects could also be affected.

While many Malaysians do still go over to Singapore to work as foreign lawyers, there have been some recent changes to the admission requirements which make it easier to get admitted to the Singapore Bar.

PREREQUISITES

Even before you consider taking the Singapore Bar examinations, you will need to see if you satisfy certain prerequisites, and if you don’t meet these requirements, then you need to plan and see if you can apply for exemptions.

Broadly, to get called to the Singapore Bar, you need to satisfy three requirements:

  1. Satisfy the requirements of being a “qualified person”  (more on this below).
  2. Complete the Part B Singapore Bar exams. The Part B is similar in some respects to the Bar Vocational Course or Certificate of Legal Practice, in that it focuses on more procedural law.
  3. Complete a six-month training contract at a Singapore law firm. This is similar to pupilage.

I will explain more on these three requirements below and how the most important threshold to cross is that of being a “qualified person.”

The requirements of getting called to the Singapore Bar (Part 1)

Qualified person

(i) Scheduled universities

You need to have graduated from certain scheduled universities as a full-time internal candidate with a certain degree class. You can go through this useful checklist to see if you are a “qualified person” by first checking which university you graduated from.

For instance, a UK graduate would need to have been a full-time internal candidate with at least a Second Lower degree from a list of only 19 recognised universities. An Australian graduate would need to be in the top 70% of the graduating batch from a list of 10 recognised universities.

Some examples where you would not satisfy the requirements for being a “qualified person”:

  1. You graduated from a twinning programme or a London external law degree;
  2. You had graduated from any of the local Malaysian universities.

However, you can apply for exemptions from any of the requirements which I will elaborate on further below.

(ii) Permanent Resident

Another requirement is that you will need to be a Permanent Resident or a citizen of Singapore. So a factor you must take into account for being admitted to the Singapore Bar would be whether you are planning on moving down to Singapore to apply for Permanent Resident status.

(iii) Six Months of Legal Practice

You need six months of either “relevant legal training” or “relevant legal practice” to satisfy this final requirement to be a “qualified person.” So, if you were in active practice in any jurisdiction other than Singapore, this would fall under the definition of “relevant legal practice”.

Chambering/pupilage may also qualify under the definition of “relevant legal training.”

(iv) Part A Bar Examinations

The final requirement to be met is that you would need to pass the Part A Bar examinations. The examinations cover five academic Singapore law subjects: Criminal, Evidence, Land, Singapore Legal System & Constitutional, and Company. You can either opt to sit for only the examinations, held once a year in November, or to attend a three-month course (starting in August) and then sit for the examinations. This year the exam format was open book (i.e. you could bring in all your study material with you into the examination hall) while last year, it was closed book.

The deadline for applying for the Part A Bar Examinations (both for the course + exam or just the exam) is by the end of April of every year.

More information on the Part A Bar Examinations and its syllabus/fees are on the National University of Singapore website.

Qualified person – exemption

If you do not satisfy any of the above requirements, you can apply for exemptions. A common exemption is from the requirement of being a full-time internal candidate from a scheduled university. For instance, an exemption to allow for a twinning programme to be recognised, or an exemption as your university does not fall under one of the scheduled universities.

The present exemption process, from what I have heard from friends, seems to be more flexible in allowing twinning programme candidates as well as non-recognised foreign universities graduates. I know that graduates from local Malaysian universities have a very hard time in getting an exemption and I have not heard of any London external degree law graduates having obtained an exemption as well. All these policies are of course subject to change and are discretionary.

In terms of applying for an exemption from the Permanent Resident requirement, it appears that this exemption is not granted any more or is at least very difficult to obtain. You therefore likely need to obtain the Permanent Resident status in Singapore if you are considering getting admitted to the Singapore Bar. I know of senior practitioners having successfully applied for exemption from the Part A requirement as well. For instance, I had a Malaysian lawyer friend with around 10 years of experience and she was exempted from Part A. But she still needed to become a Permanent Resident of Singapore.

Applicants who are intending to sit for the Part A Bar examinations will put in their exemption applications around the same time in April when applying for the Part A. More information on exemptions can be found on the Singapore Ministry of Law website.

Part B Bar examinations and training contract

Having now satisfied the prerequisites of being a “qualified person”, you will need to complete the Part B Bar examinations as well as the six-month training contract.

The Part B Bar examinations are made up of a compulsory five-month practical law course, which in some respects, are very similar to the English Bar Vocational Course (now renamed the Bar Professional Training Course) in that it teaches you practical aspects of Singapore law. The subjects covered include Civil and Criminal Procedure, Conveyancing Practice, Professional Responsibility, and Family Law. More information on the Part B can be found at the Singapore Board of Legal Education website.

After successfully completing these examinations, you will then need to serve a six-month training contract, which is akin to pupilage.

Exemption from Part B and training contract

You are allowed to apply for complete exemption from the Part B Bar examination as well as the six-month training contract. To obtain such an exemption, you will need to already be a “qualified person”, and also have practised in a common law jurisdiction for at least two years (and this period could possibly include your nine months of chambering). If you do not fulfil any of the requirements of being a “qualified person”, or you have not achieved the necessary length of practice, you can also try to apply for exemption from such a requirement.

Conclusion

In conclusion, if you are a practitioner in Malaysia with two years’ experience or more, you can likely be exempted from taking the Part B Bar examinations and the six-month training contract. You will however need to pass the Part A Bar examinations and in order to qualify to sit for the Part A, you will need to fulfil the other requirements of being a “qualified person.”

Lee Shih was away from the office for three weeks sitting for his Part A Bar examinations. Try as he might, he was unable to clear his work to deal with a heap of papers and documents built up in his absence. He is a frequent blogger and tweets @iMleesh

Asia IP Awards 2010

December 15th, 2010

 

  

We are delighted to share the good news that Messrs Wong Jin Nee & Teo, advocates & Solicitors has been awarded the Winner of the 2010 Malaysia Trademark Firm of the Year Award.

This award was presented at the 2010 Asia IP Awards ceremony held in Hong Kong on 20th October this year.

The Asia IP Awards are based on an extensive poll of in-house counsel around the world, who were asked to nominate up to top three law firms in trademark and patent for in each of the 16 Asia-Pacific countries.

Once again, we extend our heartiest congratulations to Messrs Wong Jin Nee & Teo on winning this prestigious award.

Messrs Wong Jin Nee & Teo is an Intellectual Property and Technology boutique legal practice, providing a full spectrum of Intellectual Property and Technology services and acts as a one-stop-centre for organizations with issues relating to their Intellectual Property Rights (IPR).

eLawyer Gathering is back!

November 28th, 2010

Having successfully hosted “New Year Dinner Gathering 2010” in February this year, eLawyer is proud to organize eLawyer New Year Dinner Gathering for year 2011.

Venue: The Bee @ Jaya One

Date: 21st January 2011 (Friday)

Time: 7:30pm onwards

Dress Code: Smart Casual

Fees: RM20/person ( includes food (Halal) and drinks)

Programme: Dinner, Networking, Legal Practice Experience Sharing by Senior Lawyers (you won’t be able to hear this during other occassions) and etc. 

This cheek restaurant (right behind Brussels Beer Café) serves yummy fuss-free food, quality coffee and a wide variety of beverages.

“Cosy environment”

On top of enjoying delicious food, meeting new friends, there are special distinguished guests who will share with us their interesting and inspiring legal practice experience (and survival tips in the legal industry!) during this event. Among the topics to be shared are, “What do clients want from lawyers” and “The Journey from Pupil to Partner in a large firm”.

Limited seats available!  As such, kindly RSVP your attendance with us at least 1 week before the event by 18 January 2011 by emailing your name, organization/company, mobile number and occupation (e.g. lawyer / pupil in chamber / law student & etc) to ainin@elawyer.com.my on or before 18 January 2011.

To register:

Kindly bank-in a nominal registration fee of RM20 (per person), which includes food (Halal) and drinks, to our account:

Payee Name: Agensi Pekerjaan ELS Sdn Bhd (Co No. 808430-P)

Bank A/C No.: 3147481600

Bank Name: Public Bank

 Note: Please keep the bank-in receipt to exchange for the entrance ticket at our reception on the day itself.

For for more information on this event, please contact Ai Nin at 03-2782 5399 or 016 234 1177.

The following are the maps and directions of the restaurant within JayaOne Building:

 

The Bee Restaurant

2A-G, Block K, Jaya One
No.72 Jalan Universiti, Section 13
46200 Petaling Jaya
Selangor Darul Ehsan

Click here to see the map of the location.

Don’t forget to come together with your friends!

See you there~!

NOTE: Due to overwhelming responses and limited space, we have no choice but to close the registration of this event as at 14 Jan 2011 at 9.45am. We DO NOT accept any more registration. Thank you for your support.