By Melissa Heidi
Pictures by Shahiddan Saidi

BANGI, 9 May 2017 – The increase of complexity in making business deals in international business and affairs are making the role of corporate lawyer more pertinent, says Prof Akira Saito from Kobe University, Japan.

He said the diversity of Asian societies produce various opportunities for making mutually beneficial transactions, resulting in Asian business lawyers to catch up rapidly with the changing international business environment

“Business lawyers play a very important role in promoting contractual order by reducing the transaction cost in order to attain or achieve a reliable contract in the real world.

“Transaction cost is the key concept to explain why the assistance of law and lawyers are required for promoting transactions in the real world,” he said while delivering his talk with titled Transaction Cost for Reducing Conflict in the Real World, recently.

He said lawyers play a very important role in advancing the re-marketization process by helping to make a standard-form contracts.

The Visiting Professor Lecture Series themed Legal Education in Globalizing Market Societies, was organized by The Centre for Education and Legal Profession (CELPRO), Faculty of Law (FUU), Universiti Kebangsaan Malaysia (UKM) in collaboration with Azmi & Associates.

The Lecture Series which was attended by the final year FUU students also featured renowned lawyer from Azmi & Associates, Norhisham Abd Bahrain as a speaker.