BFM Podcast

The Conveyancing Fee Hike: Fighting Inflation Vs Healthy Competition

Tan KW
Publish date: Tue, 25 Jul 2023, 01:06 PM
The Conveyancing Fee Hike: Fighting Inflation Vs Healthy Competition

25-Jul-23 08:45

Karen Cheah, President, Malaysian Bar

Most legal fees for conveyancing transactions in Peninsular Malaysia have increased from 1% to 1.25% since July 15th, affecting transactions involving non-contentious matters like the sale and purchase of movable and immovable properties, financing and tenancies. The Malaysia Competition Commission is questioning this hike, calling it uncompetitive. Karen Cheah, the president of the Malaysian Bar, gives us the legal fraternity's side of the story and how lawyers are coping with increasing operating costs.

Image by: Shutterstock

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