A Review on Irrevocable Power of Attorney: Malaysia and United Kingdom Compared

Nurazlina Abdul Raof, Nuraisyah Chua Abdullah

2018

Abstract

An irrevocable power of attorney is an exception to the general rule that a power of attorney is revocable. It is applicable if granted in the interest of a donee or a third party for instance, where the donor owes an obligation to the donee. Many statutes, including Malaysia provide for the irrevocability of powers of attorney where termination is only possible with the donee’s consent. It will not be revoked by the death, incapacity or bankruptcy of the donor. One of the issues relating to the irrevocable powers of attorney is its practicality, i.e. to what extent that it will be strictly complied with. As an example, whether the donor or his successors-in-title, in the event of the death or incapacity of the donor, will comply with the arrangement. Using the doctrinal approach, this paper examines the concept of the irrevocable powers of attorney under the POA Act and analyses its application in Malaysia in comparison with the United Kingdom (“UK”) as the POA Act originates from the UK. This paper finds that irrevocable powers of attorneys are indeed practical but only when the donee’s interest is still subsisting, to protect the interest of the donee and/or purchaser.

Paper Citation

in Harvard Style

Raof N. and Abdullah N. (2018). A Review on Irrevocable Power of Attorney: Malaysia and United Kingdom Compared.In Proceedings of the International Law Conference - Volume 1: i-NLAC, ISBN 978-989-758-482-4, pages 331-340. DOI: 10.5220/0010054203310340

in Bibtex Style

@conference{i-nlac18,
author={Nurazlina Abdul Raof and Nuraisyah Chua Abdullah},
title={A Review on Irrevocable Power of Attorney: Malaysia and United Kingdom Compared},
booktitle={Proceedings of the International Law Conference - Volume 1: i-NLAC,},
year={2018},
pages={331-340},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010054203310340},
isbn={978-989-758-482-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Law Conference - Volume 1: i-NLAC,
TI - A Review on Irrevocable Power of Attorney: Malaysia and United Kingdom Compared
SN - 978-989-758-482-4
AU - Raof N.
AU - Abdullah N.
PY - 2018
SP - 331
EP - 340
DO - 10.5220/0010054203310340