10 Mar 2023
AKAY HOLDINGS SDN BHD ARCH REINSURANCE LTD
- Citation
- WA-24NCvC-2113-11/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCvC-2113-11/2020 (Mahkamah Tinggi)
Court found on the balance of probabilities that no binding redemption agreement existed to vary the consent order; the emails were non-binding negotiations, key communicators lacked authority, and plaintiff breached the existing consent order requiring payment of USD4 million; therefore the originating summons (Lampiran 1) was dismissed and costs awarded.