
Best Due Diligence Lawyers in Petaling Jaya
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List of the best lawyers in Petaling Jaya, Malaysia

Bryan & Co.
Geethan Ram Advocates & Solicitor

SB Chua & Associates
Afif Rahman & Chong (law firm)
HO PARTNERSHIP & NEOH

Siddiq Azani & Co

Alan Lim & Salawati
Izzat Othman & Co

Cheok Ng Lee Law Chambers
About Due Diligence Law in Petaling Jaya, Malaysia
Due diligence in Petaling Jaya, Malaysia, is a comprehensive appraisal of a business undertaken by an interested party (typically an investor) before entering into a business transaction. The legal process allows for the evaluation of the financial, legal, and compliance aspect of a business. The Commercial Code and other related regulations in Malaysia govern it. Due diligence in Malaysia has grown significantly relevant due to the increased complexity of international business transactions and the intensified regulatory environment.
Why You May Need a Lawyer
You might need legal help in due diligence under various circumstances. If you're planning on acquiring a company, investing in a new business, or venturing into joint projects with other businesses, you'll need a lawyer to perform due diligence. These legal professionals help ensure proposed business transactions are sound and that all regulatory considerations are accounted for. Their knowledge ensures both parties are operating in compliance with the law, preventing potential legal complications down the line. In addition to this, a lawyer can help negotiate better terms and agreements for the deal.
Local Laws Overview
Local laws in Petaling Jaya as relate to due diligence are embedded in the Malaysian Companies Act of 2016, the Capital Markets and Services Act of 2007, and depending on the sector, industry-specific legislation. These laws provide regulations on business structures, director’s duties, shareholder rights, and disclosure obligations. For instance, the Companies Act requires businesses to regularly report financial statements and hold annual general meetings, critical aspects reviewed during due diligence.
Frequently Asked Questions
What are the different types of Due Diligence?
In general, there are three main types of due diligence: financial, legal, and commercial. Financial due diligence reviews the financial health of a company. Legal due diligence involves reviewing contracts, legal documents, and ensuring that the company is in compliance with the relevant regulations. Commercial due diligence relates to the understanding the business model, competitiveness, and market conditions of the business.
How long does Due Diligence take?
While there's no hard and fast rule, the duration of due diligence depends on the complexity and size of the business. It could take from a few weeks to several months.
Do I always need a lawyer to conduct Due Diligence?
Though you may conduct some parts of due diligence by yourself, having a qualified attorney ensures that all necessary legal components are considered. It's especially important when dealing with complex transactions where significant assets are involved.
What could happen if Due Diligence is skipped or done poorly?
Poor or skipped due diligence could result in serious financial loss, reputational damage, regulatory penalties, or legal disputes. Therefore, it's recommended to get professional help for any due diligence process.
How much should I expect to pay for a Due Diligence process?
The costs of due diligence can vary greatly, depending on the size and complexity of the transaction, the specifics of the business, and the rate of the legal professionals involved. It is advisable to discuss fees with your lawyer before beginning the process.
Additional Resources
The Malaysian Bar Council hosts various resources related to conducting due diligence in Malaysia. The Companies Commission of Malaysia (SSM) is crucial for obtaining business and company records. Also, industry-specific regulatory bodies such as Securities Commission Malaysia (SC) or Malaysian Communications and Multimedia Commission (MCMC) provide regulatory guidelines.
Next Steps
If you need legal assistance in due diligence, you should look for a lawyer or solicitors firm that specializes in corporate law and business transactions. To ensure that you are hiring someone experienced, always ask for references, and look into their past cases. Take the time to discuss your specific needs and expectations, as well as their estimated costs before proceeding.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.