10 Jun 2024
VIRGIN MANAGEMENT SDN BHD Z & Z BINA SDN BHD
- Citation
- WA-24C(ARB)-34-08/2023 (Mahkamah Tinggi)
- Court
- ARB
- Case number
- WA-24C(ARB)-34-08/2023 (Mahkamah Tinggi)
The court held that under s.11 Arbitration Act 2005 it may grant interim measures to preserve the subject matter and prevent dissipation of assets pending arbitration; the Plaintiff established a prima facie claim as assignee and necessity to maintain status quo, so prayers 1 and 2 were granted, the preliminary objection based on Nishimatsu was dismissed, but prayer 3 seeking full accounts was dismissed as properly a matter for the arbitral tribunal.