Hashtag
The Times Real Estate

Monash Leads the Charge in Reforming Malaysia’s Contract Law

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 16 January 2025 - Monash University Malaysia is playing a pivotal role in reforming Malaysia's contract law through its newly established Centre for Commercial Law and Regulatory Studies – Malaysia Hub (CLARA-MH), School of Business.

The initiative, spearheaded by Monash University Malaysia in collaboration with the National University of Malaysia (UKM), aims to modernise the Contract Act 1950 (Act 136) and ensure that Malaysia's legal framework evolves to meet the demands of the digital age.

A committee, led by Federal Court judge and Adjunct Professor at Monash University Malaysia's Department of Business Law and Taxation, Justice Datuk Vazeer Alam Mydin Meera, has been set up by the Prime Minister's Department's Legal Affairs Division to conduct an extensive review of the Act, which has not seen amendments since 1976. The committee will focus on addressing outdated definitions, tackling the complexities of modern transactions, particularly in e-commerce and digital agreements, and ensuring that Malaysia's contract law can effectively respond to emerging challenges in the legal and commercial landscapes.

Monash University Malaysia's role in this reform initiative is underscored by its expertise in commercial law. The university's Centre for Commercial Law and Regulatory Studies – Malaysia Hub (CLARS-MH) was appointed by the Prime Minister's Department's Legal Affairs Division to coordinate the review process. Monash's involvement is a direct result of its strong academic reputation in the field and its commitment to strengthening Malaysia's legal and commercial frameworks.

The project, which will run from January 2025 to December 2026, represents a significant collaborative effort between Monash University Malaysia, UKM, and the Legal Affairs Division. Monash's commitment to law reform was cemented in 2024, when the university signed a Memorandum of Understanding (MoU) with the Legal Affairs Division to establish the CLARS-MH. The Hub is tasked with providing expert research and support to modernise Malaysia's legal framework in line with international best practices.

The committee's work will be carried out in three phases, culminating in a comprehensive report on the need to update Act 136. Among the key aspects of the review is the creation of eight specialised working groups that will delve into specific areas of contract law, including contract illegality, unfair contract terms, and the integration of new legal concepts, such as cyber law and artificial intelligence.

Two academics from Monash University Malaysia are playing a crucial role in driving the project forward. Associate Professor Adnan Trakic, Director of CLARS-MH, is leading the project as the committee's primary coordinator. His expertise in contract law is instrumental in guiding the work of the eight specialised working groups. Associate Professor Trakic has been widely published in areas requiring reform, such as restitution, unfair contract terms, and promissory estoppel. Dr Ridoan Karim, Deputy Director of CLARS-MH, brings his extensive knowledge of cyber law, artificial intelligence, and emerging technologies to the committee. His role focuses on ensuring that the proposed reforms align with technological advancements and modern commercial practices, particularly in e-commerce.

The establishment of CLARS-MH, as outlined in the MOU signed in 2024, highlights Monash University Malaysia's continued leadership in law reform. The centre is dedicated to supporting broader law reform initiatives in Malaysia, providing expertise and research to modernise the legal system. This project, in particular, aligns with Monash's long-term commitment to advancing legal and commercial innovation in the region.

This project marks a milestone in Monash University Malaysia's ongoing commitment to advancing legal education, research, and innovation in the region. By providing academic expertise and a global perspective, Monash is proud to contribute to this important initiative that will have far-reaching implications for Malaysia's legal system.


Hashtag: #monashuniversitymalaysia

The issuer is solely responsible for the content of this announcement.

Monash University Malaysia

Monash University Malaysia, established in 1998, is the third-largest campus of Australia's largest university and the first foreign university campus in Malaysia. We are a premier research-intensive Australian university ranked among the top 50 universities globally by the QS World University Rankings 2024 and a member of Australia's prestigious Group of Eight (Go8). Monash University is also ranked 58 in the latest Times Higher Education World University Rankings. A self-accrediting university, we offer a distinctly international and culturally rich environment with approximately 9,300 students from 79 countries. Monash University Malaysia, including the Jeffrey Cheah School of Medicine and Health Sciences, is wholly owned and operated by Monash University since 2020.

Business News

The Campaign "It’s Time for EU Beef" is coming to Cebu and Manila in April

The Philippine meat industry will be shown the quality and guarantees of European beef MANILA, PHILIPPINES - Comunicae - 28 March 2025 - PROVACUNO, the Agro-food Interprofessional Organization of the ...

Hashtag.net.au - avatar Hashtag.net.au

"One Earth Summit" 2025 Held Successfully Hong Kong Fully Leverages Its Role as an International Financial Center and Leader in Green Finance

Laying a Solid Foundation for the Development of ESG Investment and Green Innovation Calling for Global Collaboration Among Governments, Businesses, and Philanthropic Organizations to Effecti...

Hashtag.net.au - avatar Hashtag.net.au

Asian Industrial Online Exhibition 2025: Your Gateway to Premier Asian Industrial Suppliers and Global Sourcing Opportunities

TAIPEI, TAIWAN - Media OutReach Newswire – 31 March 2025 - The Asian Industrial Online Exhibition 2025 (AIOE 2025) is set to return from March 31 to July 31, 2025, offering international buyers an ex...

Hashtag.net.au - avatar Hashtag.net.au

In Taiwan, 71% of employers struggle to fill key roles amid growing talent shortages

40% believe their employer ‘copies’ competitors in order to keep workplace relevant TAIPEI, TAIWAN - Media OutReach Newswire - 31 March 2025 – Taiwan's talent shortage continues to escalate, with the...

Hashtag.net.au - avatar Hashtag.net.au

YesAsia Holdings 2024 Annual Revenue and Net Profit Hit Historical High of US$345.78 Million and US$19.04 Million Respectively

Global Footprint and B2C-B2B Synergies Drive Long-term Development Results Highlights Revenue surged by 71.7% to historical high of US$345.78 million. Net profit hit historical hig...

Hashtag.net.au - avatar Hashtag.net.au

HGC and CAHK Jointly Organize the "ICT Open Day" for 2025 World Telecommunication and Information Society Day Hong Kong

Encouraging students to leverage innovative technologies to enhance social equality Continuing the mission of nurturing ICT talent HONG KONG SAR - Media OutReach Newswire - 31 March 2025 - HGC Globa...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

The Importance of Having a Defibrillator in Public Spaces

Hashtag.net.au - avatar Hashtag.net.au

Life is uncertain! It is almost impossible to be 100% sure of the future, anything can happen to anyone at any time. However, in the case of Sudden Cardiac Arrests (SCA), the presence of an Automat...

Understanding Anxiety: Different Types and Treatment Options

Hashtag.net.au - avatar Hashtag.net.au

(Source) Every person experiences anxiety in some form as they face either pre-event heart palpitations before important events or constant sleep deprivation because of ongoing concerns. People exp...

How Technology Is Improving Community Support Services?

Hashtag.net.au - avatar Hashtag.net.au

(Source) Technology is literally a part of our everyday lives. Everything we do is highly dependent on technology in this day and age. The interesting part is that not just the younger generations ...