Malaysia

Malaysia is one of the most developed countries in the ASEAN region. Its economy is largely dependent on manufacturing products such as electrical and electronic products, textiles, as well as rubber-based products, followed by the agricultural and mining sectors. Malaysia is also one of the world's largest exporters of palm oil, natural rubber, tropical timber, cocoa beans and pepper. Tourism is also a leading revenue earner.

Since Independence in 1957, it has moved away from its reliance on tin and rubber and diversified its economy by aggressively attracting investment, both foreign and domestic. After Singapore, it is the most developed country in South-East Asia, with the highest standard of living. Malaysia's rapid increase in manufacturing has been achieved by modernising the country's transport, communications and energy infrastructure, developing industrial zones and offering substantial tax breaks for investors in export-oriented industries.

The Government has promoted a relatively open, market-oriented economy and has instituted significant reforms by dismantling many state-run enterprises and encouraging private enterprise to undertake many of the country's development projects. Through promoting a free market in some areas, the Government is also an investor in the economy (usually as a minority partner) and controls prices on some key commodities such as fuel and rice.

Our Malaysian Practice has significant exposure in dealing with Malaysian and international corporations and is well placed to advise on a variety of matters, such as general corporate law, mergers and acquisitions, and act as counsel and as arbitrators for corporations with dealings in or related to Malaysia.