LYCOS RETRIEVER 
Malaysia: Companies
built 222 days ago
Malaysia ... is a signatory to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards. The domestic legal system is accessible but generally requires any non-Malaysian citizen to make a large deposit before pursuing a case in the Malaysian courts, and can be slow and bureaucratic. The U.S. Embassy is aware of one case where a U.S. investor plaintiff reports that, after 31 months and 17 hearings, the Malaysian court has yet to address the merits of his case. Plaintiff claims to have provided the court with documentation both from Malaysia and from a U.S. court case involving the same company that the company’s assets continue to be drained through ongoing fraud. However, the court stayed his petition that the company be put in receivership until the matter is resolved. The court also stayed plaintiff’s petition for discovery.
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Maxis is the leading telecommunications service provider in Malaysia, offering a range of UMTS third-generation wireless, fixed and international network services. ASTRO is the region's leading cross-media, multichannel broadcaster with direct-to-home satellite television services in Malaysia, Brunei and Indonesia. The company currently offers nearly 80 channels of content in PAL format.
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U.S. companies have voiced concerns about the non-transparent nature of the procurement process in Malaysia. The government’s central tender website provides links to other ministries’ websites, but not all of them provide user-friendly information on government tenders. In September 2005, the Ministry of Finance announced that the purchase of roadway, decorative, and outdoor lighting fittings, together with equipment and accessories for all government projects, must be sourced from one of three local bumiputera manufacturers.
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