This article provides detailed information on the importance of a business lawyer to a company, in line with company law and civil law in Malaysia.
Why do companies need business lawyers?
Role of business lawyers in Malaysia
In the context of company law in Malaysia, the role of a business lawyer is crucial and should not be underestimated by any company. Whether your company is a large public limited company or a medium or small private limited company, it is highly recommended to seek the services of an experienced business lawyer.
Lawyers play a vital role in ensuring that the company or business complies with relevant laws and regulations, especially in aspects such as the preparation and review of documents and representing the company in court.
Importance of business lawyers
- Document drafting (legal drafting)
An experienced business lawyer can assist a company or business in drafting and preparing documents related to company affairs, such as merger documents, various agreements, sales and purchase agreements, and others. Lawyers ensure that these documents comply with relevant laws and regulations and are legally enforceable.
- Court representation (legal representation)
Business lawyers are needed to represent a company or business in court in legal cases such as criminal, civil, and other cases. A public limited company or private limited company cannot represent itself in court actions. Knowledgeable and experienced lawyers are required to defend the company’s interests in court and ensure that the company receives appropriate legal protection.
- Legal advisors (legal advisor)
Business lawyers can also act as legal advisors for a company or business. They can provide advice on legal aspects related to company affairs such as tax matters, company legislation, and employment law. Lawyers can also help companies plan legal strategies that suit the needs of the company or business.
Additional functions of business lawyers
Other examples of the importance and functions of business lawyers for companies or businesses in Malaysia include:
- Ensuring the rights of the company and its owners are protected;
- Assisting companies in complying with relevant regulations and laws governing company operations;
- Helping companies resolve disputes out of court;
- Providing advice on intellectual property protection, patents, and cybercrime;
- Advising on acquisitions and participation in other companies.
Investment in business lawyer services
Investing in the services of a business lawyer from the start can actually prevent you from incurring much larger losses. Therefore, if you have a company or business, do not hesitate to seek the services of a business lawyer for your company or business.
