29 Nov 2024
Multazam Development Sdn Bhd FGV Plantations (MALAYSIA) Sdn. Bhd. (Dahulunya dikenali sebagai FELDA Global Ventures Plantations (Malaysia) Sdn. Bhd.)
- Citation
- WA-24C(ARB)-28-05/2024 (Mahkamah Tinggi)
- Court
- ARB
- Case number
- WA-24C(ARB)-28-05/2024 (Mahkamah Tinggi)
The application for security under section 37(7) Arbitration Act 2005 was dismissed because on balancing prejudice the risk to MDSB of being denied an opportunity to be heard outweighed FGV's risk of non-enforcement; impecuniosity alone does not justify ordering security and FGV had knowledge of MDSB's financial position such that ordering security would be inequitable.