15 Sept 2022
SEA TACKLE SDN BHD 1. ) WONG POH WAH 2. ) TEO TZI SIN 3. ) XXXX 4. ) OU WEE CHUAN 5. ) GREATSEA TACKLE SDN BHD 6. ) YOIDORE SDN BHD 7. ) TAN HONG CHAN
- Citation
- BA-22NCvC-392-08/2018 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCvC-392-08/2018 (Mahkamah Tinggi)
D1 and D2, as directors, owed fiduciary duties and placed themselves in undisclosed and actual conflicts of interest (restaurant business and supplier relationships), misappropriated company funds and assets (documentary and bank evidence supported payments), executed unauthorised transactions (tenancy, purchases, transfers) and therefore breached fiduciary duties; their conduct removed any protection under Said v Butt and rendered them personally liable; plaintiff proved breaches on balance of probabilities and is entitled to compensatory damages of RM1,000,000 (to be borne equally by D1 and…