With the company seen as the business vehicle of choice for many, it is easy to forget that the partnership still appeals to many entrepreneurs. A partnership is less formal, less regulated and less cumbersome a business structure compared to the company and, in certain circumstances, serves the needs of entrepreneurs better. Professionals such as lawyers, accountants, doctors, engineers and surveyors continue to employ it as the main organisation structure to conduct business.
Malaysian Law on Partnershipserves as a guide for legal practitioners and other professionals looking for a quick and competent account of the relevant law. Written in a simple and concise manner, the text incorporates important local and foreign court decisions which have influenced the law currently existing in Malaysia. Understanding of the basic legal principles is enhanced by the case extracts included at the end of the chapters. Also covered in this book are some aspects of the laws relating to joint ventures where it relates to partnerships, especially fiduciary duties of joint venturers.
This second edition includes a new Chapter 6 on Labuan Limited Partnerships and Labuan Limited Liability Partnerships (the Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 (Act 707) came into force on February 11, 2010).