Frequently encountered issues in IPO-Part 2

IPO
IPO

Is there a valid fire certificate for every designated premises occupied by the listing group?

Pursuant to section 28(1) of the Fire Services Act 1988, every designated premises shall require a fire certificate.

Designated premises are premises with the use, size or location as set out under the Fire Services (Designated Premises) Order 1998. Not all premises require a fire certificate.

A fire certificate must be renewed annually. Failure to have a fire certificate in force in respect of any designated premises is an offence and on conviction, the owner of the premises is liable to a fine not exceeding RM50,000 or to imprisonment for a term not exceeding five years or to both.

A company which intends to undertake an IPO should ensure that there is a valid fire certificate for every designated premises occupied by the companies within the listing group to avoid delay to the IPO process.

#malaysiancorporatelawyer
#IPO
#howtoIPO

This post was first posted on Linkedin on 6 March 2021.

Linkedin Post
Five key steps for legal due diligence

Most lawyers are good at identifying issues, but legal due diligence shouldn’t be limited to merely reviewing documents and identifying issues. Here are my five steps for conducting legal due diligence: 1. Identify the issues based on the scope of legal due diligence as agreed with the clients. 2. Provide recommendations …

Linkedin Post
Begin with the end in mind: Post-completion integration

I once worked on an M&A deal that took more than a year to complete. While the deal was not inherently complex, it dragged on due to delays in finalizing the details of the transaction agreements for reason beyond my control. As the deal involved a larger corporation acquiring a …

Lawyering
Being a Corporate Lawyer: Why I Do What I Do

After years of demanding schedule and juggling simultaneous corporate exercises which take a toll on physical and mental health, it is not surprising that some corporate lawyers experience burnout. Unlike some legal practice areas, the work of a corporate lawyer may not seem immediately impactful or “make a difference” to …