Seeing things through the legal lenses

IPO

I see things through legal lens too much sometimes.

I came across an article on The Edge relating to building structures without proper approval in the context of climate change. I thought of IPO issues. 😅

Some business owners may not realise the issues relating to the buildings owned or rented by their companies until they want to list their companies.

In essence, it is unlawful to:

1. erect any building without prior written permission from the local authority.

2. make alteration to any building or build extension/ additional structure to any building without prior written permission from the local authority (even if the building itself has been approved by the local authority).

3. use a building for a purpose other than which it was originally constructed for without the prior written permission from the local authority.

It takes time to resolve issues relating to buildings. Business owners should discuss with their advisers on the steps to take to rectify the issues to avoid delay to their IPOs.

#malaysiancorporatelawyer
#IPOs
#equitycapitalmarkets

This post was posted on Linkedin on 26 January 2022.

Linkedin Post
Partial Share Sales in Malaysia: What Sellers Need to Know About Guarantees

In partial disposals, it’s common for sellers and buyers to agree that any existing guarantees given by the sellers to secure banking facilities of the target companies will be adjusted to reflect the post-completion shareholding. For public listed companies (PLCs) in Malaysia, this can affect the deal timeline if not …

Linkedin Post
M&A Break Fees: Practical Constraints in Malaysia

In M&A transactions, break fees refer to a pre-agreed sum payable if a party withdraws from a proposed transaction without any breach by the counterparty. In principle, break fees are intended to deter frivolous exits and to compensate the other party for transaction-related costs, including due diligence and advisory expenses. …

Linkedin Post
M&A Disclosure Letter: DIY or Get a Lawyer?

In M&A transactions, a disclosure letter sets out the exceptions and qualifications to the representations and warranties (R&Ws) given by a seller in a share sale and purchase agreement (SPA). Getting it wrong can turn an unintentional misstatement into a breach of contract, with serious legal and financial consequences. Should …