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AZHAR & WONG COMPANY TRIP 2026
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From Rule of 78 to Reducing Balance: Understanding Malaysia’s Hire-Purchase Reform
INTRODUCTION Many Malaysians buy cars through hire-purchase financing. For years, car loans were calculated using a flat interest rate system and a method known as the Rule of 78. Although these methods were widely used, they were often criticised because consumers found it difficult to understand the true cost of borrowing, particularly when settling loans […]
EFFECT OF CERTIFICATES OF INDEBTEDNESS IN MALAYSIAN BANKING LITIGATION
INTRODUCTION In Malaysian banking litigation, a Certificate of Indebtedness frequently serves as the primary evidentiary tool for proving the amount owed by a defaulting borrower under a banking facility. The Certificate of Indebtedness is based upon a conclusive evidence clause in the loan agreement, stipulating that a certificate signed by an authorised bank officer constitutes […]
Can calculation of interest in a judgment be on a compounding interest basis?
SECTION 11 OF THE CIVIL LAW ACT 1956 Section 11 of the Civil Law Act 1956 is frequently relied upon in disputes concerning the award of interest. Section 11 is merely an enabling provision empowering the court to award interest for the period between the date the cause of action arose and the date of […]
AZHAR & WONG ANNUAL DINNER 2025 at the Westin KL
A fantastic night of fun and fellowship! We dress up or down depending on how one imagines while celebrating our firm’s success in another great year.
Azhar & Wong wins Best Law Firm Award
We are delighted to announce that we have received the Best Law Firm FY24/25 Award from Hong Leong Bank Berhad. This is a tremendous honour and a powerful testament to our teamwork, commitment, proactive communication, innovation and dedication. Everyone involved played a vital role in delivering this outstanding accolade. This achievement must be used as […]
Cross Border Insolvency Bill 2025: Summary and Its Impact on Banks
INTRODUCTION On 29 July 2025, the Malaysian Parliament passed the Cross Border Insolvency Bill 2025, marking a significant milestone in the country’s effort to modernise its corporate insolvency framework. Inspired by the UNCITRAL Model Law on Cross Border Insolvency (1997), the Bill establishes a comprehensive legal framework to facilitate the recognition of foreign insolvency proceedings […]
Foreclosure Proceedings in Malaysia for Properties with issued title (Mid-2025)
Foreclosure in Malaysia for properties with issued title is a strictly regulated legal process governed mainly by the National Land Code 1965 (NLC 1965) and the Rules of Court 2012 (ROC 2012). This serves as the primary legal mechanism to be complied with that enables a Lender (Chargee) to recover outstanding loan amounts from a […]
Navigating Malaysia’s Bankruptcy Law in 2025: Reforms, Second Chances, and Key Changes
Bankruptcy in Malaysia is no longer a life sentence of financial doom. Recent reforms have reshaped the legal landscape, making the process more humane for debtors while continuing to safeguard the interests of creditors. From increased debt thresholds to automatic discharge policies and new protections for guarantors, the law now reflects a shift from punishment […]
A Pickleball Event
Pickleball FuN The Azhar & Wong team brought their whole selves to the court (pickleball court, that is) for a day overflowing with energy, laughter, and just the right amount of friendly competition. Everyone showed up ready to play, cheer each other on, and share in the kind of moments that remind us why […]
BANGKOK COMPANY TRIP 2025
Sometimes, the best connections are made outside the office. Spending 4 days and 3 nights together in Bangkok was more than just a getaway, it was a chance to step away from our daily routines, slow down, and truly reconnect with one another. It is easy to get caught up in deadlines and deliverables, but […]
Reinforcing Trust in the Torrens System: Federal Court’s Clarification on Bona Fide Purchaser Doctrine
Introduction In Malayan Banking Bhd v Mohd Affandi bin Ahmad & Anor [2024] MLJU 2624, the Federal Court of Malaysia reinforced key principles underpinning the Torrens system, particularly in the context of indefeasibility of title and the doctrine of bona fide purchaser. The case addressed the obligations of financial institutions under proviso to Section 340(3) […]