The corporate legal advisory market in Malaysia is in a growth phase due to the regulatory reform, the ascending business risks as well as the rising levels of economic activity. As Malaysia further pushes forward to be a critical player in ASEAN, there is an increasing need for complex legal solutions. The increase in the number of patents has also been attributed to one major aspect and that is the shift in the regulatory environment. Malaysia has been experiencing a shift in the legal front with the regular changes in the corporate laws, taxation systems and other legal compliance. This has led to rising demand for legal services to help the businesses effectively address these changes to their advantage. New legislation and new guidelines on corporate governance have also been put into place further creating the need for legal skills.
Also, the steady and continuous growth of its economy especially in the technology, manufacturing and financial services industry has led to the need for corporate legal services in Malaysia. The increase in the number of M&A deals, joint and cross-border transactions presents legal advisory firms with a new niche to nurture. These include due diligence, contract drafting, and compliance management. Another reason is the increased awareness of the startup and entrepreneurial culture in Malaysia. With the creation of new enterprises, there is a continuously growing demand for legal advice on corporate law, patents, and licenses.
It is with the view of staying updated with the emerging trends in this business landscape that Asia Business Outlook has come up with a special issue containing stories of legal advisors who have demonstrated their capability through their expertise. To strengthen this business landscape with their tightly-knit and result-oriented approach, they are setting new standards of effectiveness.
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