(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
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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.