Malaysia legislation
Section 14
Section 14
Section 78a of the principal Act is amended—
(a)
in subsection (1)—
(i)
by inserting after the words “advocates and solicitors” the words “and limited liability law partnerships”;
(ii)
in paragraph (a), by inserting after the words
“advocate and solicitor” the words “and limited liability law partnership”; and
(iii)
in paragraph (c), by inserting after the words
“advocates and solicitors” the words “and limited liability law partnerships”;
(b)
in subsection (2)—
(i)
in paragraph (b), by inserting after the words
“advocates and solicitors” the words “and limited liability law partnerships”;
(ii)
by substituting for paragraph (c) the following paragraph:
“(c) require advocates and solicitors and limited liability law partnerships to make payments by way of contributions or premiums on any indemnity or policy taken out under subsection (1) and provide for proceedings by the Malaysian Bar or its insurers against any advocate and solicitor who or limited liability law partnership which fails to do so for recovery of the appropriate contributions or premiums;”;
(iii)
by substituting for paragraph (d) the following paragraph:
“(d) prescribe the conditions which a professional indemnity or an insurance policy must satisfy for the purposes of paragraph (1)(b)
or (c)”;
(iv)
in paragraph (f)—
(A)
by inserting after the words “advocate and solicitor” the words “or a limited liability law partnership”; and
(B)
by substituting for the words “against him” the words “against the advocate and solicitor or the limited liability law partnership”;
(v)
in paragraph (g), by substituting for the words
“unless he is insured” the words “unless he is indemnified or insured”; and
(vi)
by inserting after paragraph (g) the following paragraph:
“(ga) prescribe that a limited liability law partnership shall not carry on the practice of an advocate and solicitor unless the limited liability law partnership is indemnified or insured as required by the rules made under this section for the period as specified in such rules;”; and
(c)
by substituting for subsection (3) the following subsection:
“(3) Nothing in this section shall affect the right of any advocate and solicitor or limited liability law partnership, in addition to the indemnity provided in the rules made under this section, to insure the advocate and solicitor or the limited liability law partnership further against loss arising from such claims as may be instituted against the advocate and solicitor or the limited liability law partnership.”.
Legal Profession (Amendment)
23
Amendment of section 80