PETALING JAYA: LYC Healthcare Bhd proposed to list its 64.5% owned Singapore-based subsidiary, LYC Medicare (Singapore) Pte Ltd (LYCSG), on the Catalist Board of the Singapore Exchange (SGX) by the first half of this year.
WHAT’s in a name? William Shakespeare asked.
For former de facto law minister Datuk Mohd Zaid Ibrahim and his former law firm, Zaid Ibrahim & Co, it means everything, as the law firm now one of the largest in the country is already a familiar name and brand.
For the two parties, it also means who owns the remaining 5% stake in the firm and the balance of the sale of Zaid’s shares amounting to a total of RM25.65 million, following his appointment as a minister in 2008.
As has been reported, a legal battle is looming between Zaid and the firm he founded in the late 1980s. Open conflicts at law firms are not entirely new. The latest occurred early last year at Lee Hishammuddin Allen & Gledhill, and ended in five of its partners leaving and establishing a new legal entity.