As Asia’s leading wholesale financial intermediation centre, Labuan IBFC is built on a robust and internationally recognised legal framework, consisting of 8 principal legislations and supplemented by various subsidiary legislations, as passed by the Malaysian Parliament. 30 years since its establishment, this framework is key to the growth of the centre, now home to almost 1,000 licensed financial entities.

In this webinar the speakers/panelists discusses on the legal framework in the context of a recent case law, specifically the Malaysian Federal Court decision re Nabors Drilling (Labuan) Corp v Lembaga Perkhidmatan Kewangan Labuan [2020] 12 MLJ 54 with a presentation on details of this judgement then followed by a panel discussion on the aspects of the case, the impact of the judgement on all Labuan license holders, and its possible tax implications as well.

Panelists:

• Farah Jaafar-Crossby, CEO, Labuan IBFC Inc.
• Datuk Chin Chee Kee, Chairman, Association of Labuan Trust Companies (ALTC)
• William Lim, Partner, Ariff Rozhan & Co
• Anil Kumar Puri, Partner, International Tax and Transaction Services, Ernst & Young Malaysia