Malaysia legislation
Section 40F
Section 40F
(2)
A foreign law firm shall not be part of more than one international partnership in Malaysia at any one time.
(3)
Upon receiving the application, the Bar Council shall refer such application to the Selection Committee for consideration and recommendation.
(4)
The Bar Council shall, upon the recommendation of the
Selection Committee, grant an application made under subsection (1)
on such conditions as the Bar Council may think fit to impose in any particular case or refuse the application.
(5)
An international partnership shall pay to the Bar Council such licence fee at such times and in such manner as may be prescribed.
(6)
The Bar Council may, by notice in writing—
(a)
impose any new or additional conditions on the licence; or
(b)
vary or revoke any of the conditions imposed on the licence.
(7)
The Bar Council may renew a licence granted under this section for such period and upon such conditions as the Bar Council may specify.
Legal Profession 53
(8)
An international partnership is entitled to—
(a)
practise in the permitted practice areas in accordance with such conditions as may be prescribed;
(b)
bill its clients as a single law firm; and
(c)
recover costs and retain payments in respect of such practice.
(9)
The permissible equity ownership and voting rights of the foreign law firm in the international partnership shall be as determined by the Selection Committee from time to time.
Qualified foreign law firm