December 2019

Testamentary Processes in the ASEAN Region: A Boon or Bane to Free Trade?

The process of doing business has evolved due to the advent of the Internet and the World Wide Web as it has broken down barriers in dealings and trade. The increase of cross-border expansion and acquisitions have inevitably led to an increased flow of human capital who acquires assets when settling in to a new country. When these foreign owners pass away, cross-border inheritance claims will arise. How easy is it truly to stake one’s claim in both movable and immovable assets outside of their country of birth but within ASEAN?

In this article, Jeyakuhan S K Jeyasingam, Partner in the Litigation Practice of Zaid Ibrahim & Co. (a member of ZICO Law) discusses the need for a uniform testamentary process in ASEAN to provide a set of rules governing the law of probate in the region.

Subject matters: Probate
Jurisdictions: ASEAN, Malaysia
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On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to close to 3,200 across 84 jurisdictions. You may read the press release here.

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