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Bar Council cries foul over banks’ discriminatory ruling | Bar Council cries foul over banks’ discriminatory ruling |
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| Sunday, 06 May 2007 09:20am | |
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The regulation requires law firms to have a minimum of three
partners of which one must be Bumiputera with a minimum 50 per cent stake in the
firm before they can do any business with the banks. The Bar Council has cried foul over the conditions set by the banks. Council chairman Ambiga Sreenevasan described the requirement as "totally discriminatory". Comments (5)
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Bar Council cries foul over banks' discriminatory
written by Lim Sey Wee, Sunday, May 06 2007 02:44 pm
Bravo!
written by Nicole Tan Lee Koon, Sunday, May 06 2007 03:43 pm
Way to go, Ambiga! This is yet another example of the Bar Council's ability to help and defend the members of the Bar. I hope the BC can follow up with the case and ensure that this policy is not steamrolled through.
Which bank?
written by David Soong Tshon Li, Sunday, May 06 2007 10:05 pm
Which are the banks concerned? Was it published in any of the news papers?
SOLDIER ON, AMBIGA!
written by Stephen Tan Ban Cheng, Sunday, May 06 2007 10:08 pm
If I am right, only certain elements at high levels within the banks involved will be going for such a pea-brained policy. When such policies are advocated, the rest will, in the name of Malaysian politeness, just go along - thus making such a policy become the policy of the banks.
DISCRIMINATION written by Ng Hong Chai, Sunday, May 06 2007 10:56 pm
What about certain Banks' discriminatory practice against sole proprietorships, whereby such firms are not allowed to do certain things. It would appear that a sole proprietorship is deemed an unstable and a untrustworthy entity.The Banks must have been advised by some of our brethren.Can we also tackle this type of discrimination? Write comment
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There are many banks in Malaysia. If any particular bank imposes such condition, don't do any business with that bank. Market forces will then determine whether such condition is business-friendly or not. Affirmative action mah!