(Bloomberg) -- Malayan Banking Bhd., Malaysia's biggest bank, removed a guideline requiring law firms it employs to have at least one ethnic Malay partner, seeking to quell criticism by oppositions groups and lawyers.
The Democratic Action Party yesterday asked Malaysia's central bank to stop the lender and rival AmBank Bhd. from imposing racial rules on their lawyers. The policies were posted on the Malaysian Bar Council's Web site, where Maybank stated law firms it employs should have a minimum of three partners and at least one ethnic Malay with 50 percent equity in the firm.
Read more at Bloomberg Emerging Markets News
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