Malaysia update: possibility of new licences for foreign law firms with Islamic finance expertise

The Prime Minister of Malaysia has just announced that up to five foreign law firms with expertise in Islamic finance may be granted licences to practise in Malaysia. According to one media report, "successful law firms will be determined based on credentials and their business plans in respect of offices to be set up in Malaysia".

The Law Society is in contact with the British High Commission in Kuala Lumpur and will share more information with members as it becomes available.  For more information about our work in Malaysia and South Asia please contact Anne.Wittman@lawsociety.org.uk.