Malaysia relies on legal reforms for Booming AI trading!

Malaysia relies on legal reforms for Booming AI trading!

Malaysia - worldwide the eyes look at Malaysia, because the country is facing a groundbreaking time. From 2025 Malaysia will take over the chair of the Asean region and has undertaken to strengthen the legal foundation. Why is that important? It refers to the promotion of transparency, the creation of a stable investment climate and the increase in cooperation in the field of the emerging technologies, especially in the context of artificial intelligence (AI), such as Vietnam News reported.

In the 2025 Asia-Pacific Legal Conference, Datuk Seri Azalina Othman Said, Malaysia's Minister of Law and Institutional Reform, spoke about the importance of the legal professions with regard to institutional reforms and the securing of business interests-especially in a time of global economic uncertainties. A future -oriented legal framework should not only attract local but also international investors.

Reform agenda for the legal sector

The planned reforms include a comprehensive update of several central laws, such as the Contracts Act (1950) and the Sale of Goods Act (1957). In addition, a law on cross -border bankruptcy is designed that corresponds to the international standards of the uncitral to support trade agreements such as RCEP and CPTPP. Malaysia is positioning itself as a legally well-positioned country that greets investments and at the same time provides fair trade conditions, describes The Star .

AI government and ethical standards

The government pursues a moderate approach to AI regulation and is based on the national guidelines on AI government and ethics (AIGE), which were introduced in September 2024. These determine seven basic principles: fairness, reliability, privacy, inclusive, transparency, responsibility and human benefit. These are not just empty words-these guidelines should serve as a living document and promote the responsible commitment of AI, while broader legislative instruments are considered, informed

However, there are also challenges. The national center to combat financial crime (NFCC) has already expressed reservations. In particular, it was warned that cybercriminals could use the public. Datuk Seri Azalina sees the urgent need for close cooperation within the legal community to exchange best practice and create a transparent, predictable legal environment that promotes sustainable development.