Luther Malaysia

The reform of Malaysia's data protection laws continues at full speed. The Personal Data Protection Commissioner has revealed that the first four of the previously announced seven new data protection guidelines and the revised Data Protection Standards will be released in early 2025. These guidelines and updated standards will specify the new and amended provisions of the Personal Data Protection Act 2010 and set out the details of the enhanced compliance requirements. The remaining three guidelines will be released in Q3 of 2025. Join our seminar, co-hosted by Italcham Malaysia - Italian Chamber of Commerce in Malaysia on 28 November 2024, to learn more about the reform, what is already known about the new guidelines, and what steps should be taken now to prepare for the substantial reform and to remain compliant. Scan the QR code below to register. #dataprotection #PDPA Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Indonesia Luther Vietnam Luther Myanmar Luther Luxembourg

The #ASEAN member states represent one of the most dynamic economic regions in the world, offering immense potential even in challenging times. In particular, the region's #automotive industry offers promising investment opportunities due to the region's steady economic development and growth, a strong focus on next-generation vehicles and new technologies, supportive government policies and the rapidly growing demand for vehicles from ASEAN's burgeoning population. Get an overview of the automotive landscape in #Indonesia, #Malaysia, #Thailand and #Vietnam by reading our latest publication. Building on our strong presence in the region, we have worked with our colleagues in Bangkok, Ho Chi Minh City and Jakarta to provide a comprehensive overview of the industry. Take a look to learn more about ASEAN's thriving automotive industry. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Indonesia Luther Vietnam Luther Myanmar Luther Luxembourg

To our valued clients, friends, and colleagues, we wish you and your loved ones a joyous Deepavali filled with light, prosperity, and togetherness.

On 18 October 2024, the Prime Minister of #Malaysia unveiled the country's Budget for 2025, which seeks to build upon previous budgets and continue the country's ongoing economic transformation. For the second year in a row, the government has announced the largest budget in the country's history with a substantial allocation of MYR 421 billion for 2025. Under the overarching theme of "Reinvigorating the Economy, Driving Reforms and Prospering the Rakyat", the budget is underpinned by three key principles: reinvigorating the economy, catalysing transformative change and improving the overall wellbeing of the people. The budget's overall vision reflects a strong commitment to steer the nation towards a sustainable and prosperous future through five strategic initiatives: managing the economy, driving more decisive reforms, eliminating bureaucratic inefficiencies, increasing wages and incomes, and addressing the rising cost of living. The budget also focuses on ESG incentives, reflecting the country's commitment to become a carbon-neutral nation by 2050 through the introduction of measures such as a carbon tax and tax incentives for carbon capture, use and storage activities. The budget also marks a significant milestone in Malaysia's journey towards a digital future, with several initiatives aimed at strengthening the digital economy and accelerating the adoption of AI. These measures are unsurprising in light of Malaysia's ambition to attract data centres and become a key player in the data space. Overall, Budget 2025 aims to restructure the Malaysian economy and propel the nation towards realising its full potential as an Asian powerhouse. In particular, it demonstrates the government's commitment to maintaining a competitive edge in the digital age and equipping its workforce for the future. To give investors an overview of the measures to come, we have prepared a brief summary of the Budget and its announcements. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther India Luther China Luther Indonesia Luther Myanmar

A big thank you to all the companies that joined us for today's breakfast discussion on the upcoming #PDPA reform! We truly enjoyed the insightful discussions and the exchange of ideas around the complexities of data protection. It’s clear that while this topic demands significant effort and careful attention, it offers not only compliance challenges but also exciting opportunities for businesses to enhance their operations and trustworthiness. For those who couldn’t join us today, there are more opportunities ahead! We’re hosting further sessions to continue exploring the latest updates and implications of #Malaysia's data protection reforms: • 𝗠𝗚𝗖𝗖'𝘀 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝗖𝗹𝘂𝗯 𝗼𝗻 𝟭𝟮 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 • 𝗠𝗙𝗖𝗖𝗜'𝘀 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗧𝗮𝗹𝗸 𝗼𝗻 𝟭𝟯 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 • 𝗜𝘁𝗮𝗹𝗖𝗵𝗮𝗺 𝗼𝗻 𝟮𝟴 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 For registrations, you may either register through the respective chambers directly or contact our colleague Sue (sue.wong@luther-services.com), who will direct you to the relevant registration page. We look forward to welcoming more participants to these events and continuing the dialogue on how businesses can turn compliance into opportunity - see you soon. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Vietnam Luther Indonesia Luther Myanmar Luther India Luther Luxembourg

𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮’𝘀 𝗥𝗲𝗳𝗼𝗿𝗺 𝗼𝗻 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗗𝗮𝘁𝗮 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗟𝗮𝘄𝘀 – 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗣𝗮𝗽𝗲𝗿𝘀 𝗣𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 We’re looking forward to our event this Wednesday, where we’ll be discussing the latest updates to #Malaysia's data protection laws! With the reform of the #PDPA, the Minister of Digital announced that the Personal Data Protection Commissioner would issue additional regulations and guidelines to supplement the existing laws. Five public consultation papers have already been released, covering the following key topics: • 𝗗𝗮𝘁𝗮 𝗯𝗿𝗲𝗮𝗰𝗵 𝗻𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: https://lnkd.in/geuS2A6z • 𝗗𝗮𝘁𝗮 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗳𝗳𝗶𝗰𝗲𝗿𝘀: https://lnkd.in/gFwZeh57 • 𝗗𝗮𝘁𝗮 𝗽𝗼𝗿𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: https://lnkd.in/ggav7qAs • 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗱𝗮𝘁𝗮 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀: https://lnkd.in/gdNAsG3J • 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗳𝗼𝗿 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀 𝗼𝗳 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗱𝗮𝘁𝗮: https://lnkd.in/gX6YMQ5J These consultation papers provide insight into potential compliance requirements and the additional rules that the Commissioner may enforce under his powers. We’ll be discussing these and the current proposals during our series of personal data protection events. Our 𝗳𝗶𝗿𝘀𝘁 𝘀𝗲𝘀𝘀𝗶𝗼𝗻 𝗼𝗻 𝟮𝟯 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 is fully booked, but there will be further opportunities to join us: • 𝗠𝗚𝗖𝗖'𝘀 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝗖𝗹𝘂𝗯 𝗼𝗻 𝟭𝟮 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 (registration link to follow) • 𝗠𝗙𝗖𝗖𝗜'𝘀 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗧𝗮𝗹𝗸 𝗼𝗻 𝟭𝟯 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿: https://lnkd.in/gFXBKc2g • 𝗜𝘁𝗮𝗹𝗖𝗵𝗮𝗺 𝗼𝗻 𝟮𝟴 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 (registration link to follow) We look forward to seeing you there and discussing these important developments! Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Vietnam Luther Myanmar Luther Indonesia Luther Thailand Luther India Luther China Luther Luxembourg

𝐆𝐫𝐞𝐞𝐭𝐢𝐧𝐠𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐃𝐞𝐮𝐭𝐬𝐜𝐡𝐞𝐫 𝐁𝐫𝐚𝐧𝐝 𝐒𝐮𝐦𝐦𝐢𝐭 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐄𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐨𝐧 𝟐𝟎𝟐𝟒. Today is Day 2 of the exhibition, and we’ve had the pleasure of meeting various companies considering expanding their business activities to #Malaysia. European companies are showing significant interest in Malaysia, recognizing it as a safe, reliable, and cost-effective harbor in challenging times, as well as a gateway to the vast #ASEAN markets. We had a brief opportunity to speak with Melaka's Chief Minister, Datuk Seri Utama Ab Rauf Yusoh, and Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs, Labour, and Tourism of Baden-Württemberg, Germany, about why Luther Malaysia advises so many German and European clients, and the specific opportunities Malaysia and ASEAN present, particularly for the strong German Mittelstand. As always, we remain available to assist those looking to explore investment opportunities in Malaysia. Please feel free to get in touch with us for further discussions. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Myanmar Luther Vietnam Luther Indonesia Luther Singapore Luther China

We look forward to meeting many clients and new investors at the Deutscher Brand Summit in #Melaka next week to discuss existing and future investments in #Malaysia. https://lnkd.in/gwWxVkHx Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Malaysia Luther Thailand Luther Myanmar Luther Indonesia Luther Vietnam Luther Luxembourg

With the Fourth Industrial Revolution, #data has become one of the most valuable resources for businesses worldwide.   But how can and must businesses protect this asset in their operations?   Malaysia's recent reform of the Personal Data Protection Act (PDPA) provides some guidance on how personal data should be safeguarded, both domestically and in international transactions. The reform requires businesses operating in #Malaysia to reassess their data protection strategies and emphasises the importance of robust measures.   Join us for our event co-hosted with ADVANTAGE AUSTRIA Malaysia, BeLuxCham Malaysia, and Swiss Malaysian Chamber of Commerce (SMCC). We will discuss key updates to the #PDPA, their implications for businesses, and the complexities of transferring personal data between Malaysia and the EU.   We look forward to seeing you there. Luther Malaysia Luther Luxembourg Luther Singapore Luther Rechtsanwaltsgesellschaft mbH Luther Thailand Luther Vietnam Luther Indonesia Luther Myanmar

𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮'𝘀 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗗𝗮𝘁𝗮 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗔𝗰𝘁 𝗿𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝗮 𝗺𝗮𝗷𝗼𝗿 𝘂𝗽𝗱𝗮𝘁𝗲 #Malaysia has recently reformed its Personal Data Protection Act (#PDPA), bringing it closer to international standards and the European #GDPR. This significant update not only introduces increased penalties and stricter requirements, but also adds new obligations for data controllers and processors. As such, it is crucial for all businesses that handle any form of personal data to review and update their data protection measures to ensure #compliance with these new requirements. We have summarised the key changes to the PDPA and their implications for businesses in the article below. Please take a look and feel free to reach out if you have any questions or require further information. #dataprotection #pesonaldata #bigdata #datatransfer #dataportability #DPO Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Myanmar Luther Indonesia Luther Vietnam Luther Luxembourg Luther Malaysia