Malaysia legislation
Section 92
Section 92
Application and interpretation
(1)
This Part applies to a foreign company only if it has a place of business or is carrying on business in Langkawi and is not registered under the Companies Act 1965.
(2)
In this Part, the expression “carrying on business in Langkawi”
means carrying on business in respect of yacht-related activities in, from or through Langkawi.
(3)
Notwithstanding subsection (1), a foreign Langkawi company shall not be regarded as carrying on business in Langkawi by reason only of the fact that in Langkawi it—
(a)
is or becomes a party to any action or suit or any administrative or arbitration proceedings or any claim or dispute; or
(b)
conducts unsolicited isolated transactions that are completed within a period of thirty-one days, not being one of a number of similar transactions repeated more than twice.