Conventional Loan Documentation
Being empanelled as solicitors for numerous banking and financial institutions for more than 60 years, we have vast experience in handling a wide range of facility agreements and security documents for individual as well as corporate borrowers. Regardless of the nature of the collaterals, and complexity of the security investments, our commitment is to complete our tasks diligently while ensuring our clients interests are fully protected.
The Islamic banking development in Malaysia was initiated by the commitment of the Malaysian government with the introduction of the Islamic Banking Act 1983 which was subsequently repealed and replaced by the Islamic Financial Services Act 2013. Islamic banking is generally different from conventional banking in that interest (riba) is prohibited in Islam and as a result, Islamic banks do not offer fixed rate of return on deposits and are not allowed to charge an interest on facilities.
Since the introduction of Islamic banking products and services by commercial banks and finance institution in Malaysia, Shelley Yap’s conveyancing team has been keeping abreast in the Islamic banking concepts and acquired in-depth experience in the preparation and handling of Islamic finance documentations ensuring that the transaction is Shariah compliant.
We have vast experience in handling litigation concerning disputes on all types of banking facilities. We have handled disputes involving fraud and forgery, debt recovery, debt restructuring, forfeiture of property, insolvency, winding-up and enforcement of securities. Besides our work with financial institutions, our experience in hire purchase matters also includes providing advisory services on the law, regulations and practice in regards to hire purchase in Malaysia.
Our firm also handles and advises our clients on foreclosure proceedings in both Sabah and the Federal Territory of Labuan in accordance with the Sabah Land Ordinance and the National Land Code respectively.