13 Oct 2020
1. ) MAMMOTH EMPIRE CONSTRUCTION SDN. BHD. (BA-24NCC(ARB)-1-07/2019) (Co. No.: 536187-H) 2. ) MAMMOTH EMPIRE CONSTRUCTION SDN. BHD. (BA-24NCC(ARB)-2-08/2019) (Co. No.: 536187-H) 3. ) KENWISE SDN. BHD. (BA-24C(ARB)-6-09/2019) (Co. No.: 96656
- Citation
- BA-24NCC(ARB)-1-07/2019, BA-24NCC(ARB)-2-08/2019 & BA-24C(ARB)-6-09/2019 (Mahkamah Tinggi)
- Court
- ARB
- Case number
- BA-24NCC(ARB)-1-07/2019, BA-24NCC(ARB)-2-08/2019 & BA-24C(ARB)-6-09/2019 (Mahkamah Tinggi)
Absolute stay refused because the finality of the arbitral award militates against an absolute stay, Mammoth failed to establish special circumstances relating to enforcement and Kenwise demonstrated sufficient commercial viability so that the appeal would not be rendered nugatory; court exercised statutory discretion to grant a conditional stay instead, requiring Mammoth to deposit 80% of the Total Sum into a stakeholder interest-bearing account by 29.12.2020; costs awarded to Kenwise.