(1) Solicitor to pay interest on monies held as Stakeholder
Where an Advocate and Solicitor holds money as a stakeholder (whether or not
such money is paid by a client of the Advocate and Solicitor) the Advocate and
Solicitor shall pay interest in accordance with the Solicitors’ Accounts
(Deposit Interest) Rules, 1990, to the person to whom the stake money is paid
unless otherwise agreed.
(2) Fee for acting as Stakeholder
A Solicitor is entitled to charge a fair and reasonable fee for acting as a
stakeholder.
(3) Terms of Stakeholding to be strictly adhered to
A Solicitor acting as stakeholder for two or more parties must strictly adhere
to the terms of the stakeholding at all times. No money or document held by a
Solicitor as stakeholder shall be released, utilised, applied or otherwise dealt
with by such Solicitor except in accordance with the terms of the stakeholding
or with the express written consent of all relevant parties. For example, a
Solicitor holding the final 5% of the purchase price under a Sale and Purchase
Agreement prescribed by the Housing Development (Control & Licensing)
Regulations 1989 must not (for whatever reason) release the same before the
expiry of the stakeholding period(s) and/or in contravention of Schedule G
Agreement or Schedule H Agreement as the case may be.
2012 Bar Council Subscription Click the link above to download Circular 072/2012 pertaining to the 2012 Bar Council subscription, including the payment guide and a set of Frequently-Asked-Questions.
2012 Hotel Corporate Rates Attending seminars? Going for a holiday? Click on the link above to check out the list of hotel corporate rates for Members of the Bar, which is updated regularly.
Bar Council Bookshop Read MORE … but pay LE$$! Members enjoy a 20% discount on LexisNexis publications at the Bar Council Bookshop. Click on the link above for the list of available titles.
International Malaysia Law Conference (26 to 28 Sept 2012) Hurry up! The countdown continues and the current promotion rate ends 30 June 2012. Don't miss what is going to be the best conference in the region! On top of that, if you sign up with 5 or more people from the same organisation, we will give you a 10% group discount. Click on the link above to register.
Dialogue with Criminal Law Practitioners (26 May 2012) Organised by Bar Council, this dialogue will take place at 10:00 am to 12:00 pm, at the Raja Aziz Addruse Auditorium, Bar Council, on 26 May 2012 (Saturday). Click on the link above for more details.
Conference on Competition Law (31 May 2012) Organised by Bar Council with the support of LexisNexis, this conference will take place at 8:30 am to 4:00 pm, at Renaissance Kuala Lumpur Hotel, on 31 May 2012 (Thursday). For more details or to register, please contact Vilashini Vijayan (03-2050 2095; vila@malaysianbar.org.my). Click on the link above for more details.
Talk on What Clients Want (7 June 2012) Organised by the KL Bar Practitioners' Affairs Committee, the talk, presented by Ong Eu Jin, will take place at 5:00 pm, at the KL Bar Auditorium, on 7 June 2012 (Thursday). Click on the link above for more details.
4th LAWASIA Family Law Conference, Penang (13 and 14 July 2012) Supported by Penang Bar Committee and the Malaysian Bar, this conference, themed “The New Global Family: Emerging Trends and Challenges to Family Practice”, will take place at Traders Hotel, Penang, on 13 and 14 July 2012 (Friday and Saturday). Click on the link above for more details.
Rulings & Resolutions 
Circular No 110/2012: Seminar on Introduction to ICC Arbitration: An Insight into the 2012 ICC Rules
