27 Aug 2021
1. AGASTA CO. LTD. (Company Registration No In Japan: 0110-01-072500) 2. NIPPON EXPORT AND INVESTMENT INSURANCE (Company Registration No In Japan: 0100-01-182633) RINTIS MALAY MOTORS SDN. BHD. (Company No: 120864-P)
- Citation
- WA-22NCC-132-03/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-132-03/2019 (Mahkamah Tinggi)
Rintis failed to prove coercion/duress; the court found Rintis breached the sales contracts and repayment agreement by not paying for delivered vehicles; NEXI has locus standi to sue in its own name because it received rights by subrogation/assignment under the Letter of Subrogation and Japanese law governs the insurance contract (Article 42), alternatively the assignment complied with s4(3) Civil Law Act; accordingly judgment entered for plaintiffs with specified monetary awards and dismissal of Rintis' counterclaim and Suit 412.