12 Jan 2022
SSANGYONG ENGINEERING & CONSTRUCTION CO. LTD. OXLEY RISING SDN BHD
- Citation
- WA-24C(ARB)-53-10/2021 (Mahkamah Tinggi)
- Court
- ARB
- Case number
- WA-24C(ARB)-53-10/2021 (Mahkamah Tinggi)
The court found sufficient prima facie evidence of unconscionable conduct and over‑securitisation in the Defendant's immediate call on the on‑demand BG (call made same day as termination, unsupported speculative estimates of losses), and accordingly granted interim injunctive relief under section 11 Arbitration Act 2005 to maintain the status quo pending arbitration; contractual disputes were left for arbitration.