24 Jan 2025
PERRESIA RESOURCES (M) SDN BHD PERSPEKTIF MASA SDN BHD
- Citation
- BL-22NCvC-22-06/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BL-22NCvC-22-06/2023 (Mahkamah Tinggi)
On the balance of probabilities the court found the Plaintiff acted as FPS's nominee/agent and therefore lacked locus to sue under the SPAs; the Deed of Settlement superseded the SPAs and limited FPS/nominee entitlement to the settlement sum (RM2,182,000) so there was no entitlement to LAD calculated on SPA purchase prices; the LAD claim would result in unjust enrichment and was dismissed with costs.