The Malaysian courts have recognised cryptocurrency as a security and a commodity. In the case of Luno Pte Ltd & Another v Robert Ong Thien Cheng (Civil Suit No. BA-B52NCVC-389-12/2017), the Shah Alam Sessions Court held that cryptocurrency falls within the ambit of “anything” under Section 73 of the Contracts Act 1950 (“CA 1950”) as…

Failure to lodge annual returns by Directors can result in a fine or imprisonment. The Petaling Jaya’s Magistrate Court today convicted Hasniza Binti Wazer, the director of Megan Armani Sdn. Bhd. and Electronics Team Sdn. Bhd on two charges for failing to lodge the company’s Annual Return to the Registrar of Companies under Section 165(4)…

The petitioners applied under section 308(5) of the Companies Act 1965 to have the name of the company restored to the register. The name of the company had been struck off the register by the respondent for the failure to file its annual returns since 1999. Although the application …