Shan Chambers is a boutique law firm specialising in corporate, commercial and civil litigation, as well as securities litigation, arbitration, and trust, probate and administration. The firm's practice is led by SM Shanmugam, a seasoned litigator with extensive experience in dispute resolution. Shanmugam has served as lead counsel in a diverse array of cases, including contractual disputes, breach of directors' duties, shareholder conflicts, securities litigation involving stock market manipulation and insider trading, and negligence lawsuits.
Client feedback
“Their work demonstrated strong technical ability and a sound understanding of regulatory nuances in capital markets enforcement. The team was responsive and provided clear, well-reasoned advice tailored to the complexities of the case.” – Capital markets
“Shan Chambers is able to provide extensive advice within a short turnaround time. They go above and beyond their role as solicitors; they are like an extended legal team of the legal department.” – Dispute resolution
SM Shanmugam
“He demonstrates a strong understanding of the needs of his clients, particularly from a regulator’s perspective. His legal strategies are practical, well thought out, and tailored to the realities of enforcement work. He possesses deep legal knowledge and consistently provides clear, solution-oriented advice.”
Work highlights
Successfully represented Securities Commission Malaysia in a landmark Federal Court case concerning insider trading. The final appeal, concluded in April 2025, established groundbreaking precedents including eliminating the need to prove “intention to use” inside information in trading cases. The ruling also confirmed the Securities Commission's authority to pursue civil actions without the Attorney General's consent and clarified the court's scope in evaluating information materiality. The widely reported decision sets new parameters for future insider trading litigation in Malaysia.
Key clients
FGV Plantations (Malaysia), Kumpulan Prasarana Rakyat Johor, Q&M Dental
