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…

By Lisa Goh Mei Lum, MahWengKwai & Associates (MWKA)’s chief technology officer, was recently nominated by Asia Law Portal as one of the “30 people to watch in the business of law in Asia in 2019”.  Asia Law Portal highlighted that MWKA had recently set up its own technology research and development arm based in…

Malaysia’s telecoms market in 2015 “is undergoing a major revolution driven by the changes of user requirements,revenue drivers and new technologies”, as Alfie Amir, Research Manager, Telecoms, International Data Corporation (IDC) Malaysia, told Cellular News earlier this year. In that report IDC outlined their top 10 predictions for the telecommunications industry in Malaysia this year.  They…

by Lum Ying Mei   How Does XBRL Work? XBRL works by adding “data about the data”, through the use of “descriptive data” (tags). XBRL enables unique identifying tags to be applied to each individual piece of business and financial data, providing information about the data, in order to allow computers to communicate with one another without any…