Lee Shih

1MDB – USA vs The Wolf of Wall Street: The TL;DR version

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Kleptocracy: a government where those in power have stolen from the rest of people to make themselves rich. This term gives an indication of the circumstances surrounding the misappropriated funds of 1MDB.

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The US Department of Justice announced that it initiated court actions to take back more than RM4 billion in assets linked to an international conspiracy to launder money stolen from 1MDB. This was under the US Kleptocracy Asset Recovery Initiative.

When the news broke and after the filing of the court action, the Wall Street Journal uploaded the court papers for one of the court actions. It is a 136-page document and I set out below the summary of the allegations set out in the US court action. Continue reading →

The Malaysian Lawyer in the Media

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Early on in my legal practice, I thought to myself that I would like to one day be featured in one of the business dailies. I wanted to work hard so that I had enough knowledge to share my views.

Coincidentally, I was already following Marcus’ Counsel column in The Edge. I did not know my fellow The Malaysian Lawyer back then. He was one of the few lawyers (if not, only lawyer) writing regularly on corporate-related matters at that time. I was thinking this relatively young lawyer, with the ang moh surname, already had his own column in a leading financial newspaper.

Marcus and I of course eventually met in person, became good friends, and then on a whim, set up The Malaysian Lawyer website. We wanted to continue to share our writing. Specifically, cutting out unnecessary legalese and use clear effective language in our legal articles.

From our small platform, the number of readers of The Malaysian Lawyer has exploded and it has been picked up by media outlets. Bloomberg TV, BFM radio and Focus Malaysia have all come across this website and invited me to speak with them.

More recently, I was featured on the cover story for Malaysia SME newspaper for their 11 June 2016 edition. I was interviewed on the impact of the new Companies Bill on SMEs in Malaysia. Continue reading →

Interview on Focus Malaysia: New law gives minorities, auditors more clout

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I was interviewed by Focus Malaysia and was featured in their 4 June issue. The article was titled ‘New law gives minorities, auditors more clout’.

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The article was on the Companies Bill 2015 and how it would impact public-listed companies in particular.

Continue reading →

Don’t be penny-wise startups

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Earlier on 9 May, a few of us were at MaGIC for the BurgieLaw fireside chat to share our legal tips to startups. The Star then interviewed us for their article on ‘Don’t be penny-wise, startups: lawyers‘. I will feature some of my quotes further down below. But in particular, I emphasised to the reporter that:

“There is no true startup specialist lawyer. Startups cover many existing legal areas. It’s a matter of hiring a lawyer with the appropriate skill sets for your needs,” he said.

LS-Fireside_Speakers-blog-1024x1024 Continue reading →

BFM Interview: Companies Bill 2015 – A Big Bang Approach

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About two weeks ago, I had a pre-recorded interview with BFM to share my views on the new Companies Bill 2015.

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This morning, the segment was aired as part of its Current Affairs series. You can click on to the podcast.

I generally shared why the new changes are to be welcomed and I traced the long process to arrive where we are at. On the one hand, we adopted the best practices from other jurisdictions. However, I also shared my personal thoughts on certain areas where we could have improved further. Finally, I shared how the different segments of the industry may be worried about the unknown and of the new.