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Order 2. Remuneration PDF Print E-mail

(1) The Third Schedule to the Solicitors’ Remuneration Order 2005 [P.U.(A) 520/2005] shall not apply to standard financing documents for trade finance products approved by the Central Bank of Malaysia in respect of the Multi-Currency Trade Finance Scheme (MCTFS) and the Indirect Exporter Financing Scheme (IEFS) for both Islamic and conventional financing facilities.

(2) The remuneration of a solicitor having the conduct of and completing such business referred to in subparagraph (1), whether for the lender or the borrower, shall be -

(a) in respect of the principal instrument, 10% of the scale fees chargeable under the Third Schedule to the Solicitors’ Remuneration Order 2005 or RM500.00, whichever is the higher amount; and

(b) a fixed fee of RM200.00 for each subsidiary instrument.

Made 29 March 2006
[ PN(S) 30/30/2004; PN(PU2)314/X]

TAN SRI DATO' SITI NORMA BINTI YAAKOB
Chief Judge of Malaya
RAGUNATH KESAVAN
Advocate and Solicitor
  
DATO' UMI KALTHUM BINTI ABD. MAJID
for the Attorney General of Malaysia
SIN SIEW KUEN
Advocate and Solicitor
  
TENGKU MAIMUN BINTI TUAN MAT
Chief Registrar
CHEAH POH GEK
Advocate and Solicitor
  
 




Last checked: 11 Nov 2010
WOON YEOW THONG
Advocate and Solicitor
 
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