Asia: Victory In Islamic Banking Dispute Amounting To RM38 Million

Our Legal Associates, Sharanya Visualingam and Aida Liyana Zainal Rashid together with our pupil-in-chambers, Siti Sarah Kamaruzzaman had on 31.05.2023, acted for Small Medium Enterprise Development Bank Malaysia Berhad (“the Plaintiff”) in an Islamic Banking matter and succeeded in a Summary Judgment Application and Striking Out of the Defendant’s Counterclaim Application (“the Applications”).

Parties had entered into a Commodity Murabahah Term Financing-i (CMTF-i) Facility totaling a sum of RM27,041,704.59 (“Murabahah Financing Facility”). However, the Defendant had failed to comply […]

By | July 27th, 2023 ||

Ireland: Central Bank Discussion Paper On A Macroprudential Policy For Investment Funds

On 18 July 2023, the Central Bank of Ireland (the “Central Bank”) published its latest discussion paper entitled “An approach to macroprudential policy for investment funds” (the “Paper”). The purpose of this Paper is to advance the debate on a potential future approach to the development and operationalisation of a macroprudential framework for the investment funds sector.

In recent years, financial regulators worldwide have increased their focus on the risks posed to the financial system by the […]

By | July 22nd, 2023 ||

Malta: APS Bank Delivers Best-ever Half-yearly Results, To Pay Interim Dividend

The Board of Directors of APS Bank plc met on 27 July 2023 and approved the attached Condensed Interim Financial Statements, reviewed by Deloitte Audit Malta, for the period ended 30 June 2023.

In the first half of 2023, conditions for the world economy to move towards a soft landing receded amid stubbornly high inflation and financial sector turmoil. Policymakers also took forceful actions to stabilize financial systems and avoid that the Silicon Valley Bank […]

By | July 19th, 2023 ||