27 Dec 2021
WA-22NCVC-567-08/2021 (Mahkamah Tinggi)
- Citation
- WA-22NCVC-567-08/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCVC-567-08/2021 (Mahkamah Tinggi)
The court granted the Mareva injunction because the plaintiff satisfied the three essential requirements: he demonstrated a good arguable case to recover RM3,037,500; evidence showed the relevant funds were held in local accounts within the court's jurisdiction and there was no credible proof funds were transferred abroad; and there was a real risk of dissipation given defendants' conduct and failure to produce records. The balance of convenience favored preserving assets pending trial and the plaintiff gave the required undertaking as to damages.