25 May 2022
1. ) 555 FILM SDN BHD 2. ) BIG FOOT ENTERTAINMENT SDN BHD 3. ) LAM PUI YEE 4. ) CHIN LEKEN ADAMANCY CONSTRUCTION SDN BHD
- Citation
- WA-24NCC-28-01/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-28-01/2022 (Mahkamah Tinggi)
The court found the exchanges between the parties (requests for variation, the defendant's confirmation of variation and subsequent emails) validly varied the Agreement such that the Completion Period ended 30 September 2021, the Repayment Period commenced 1 October 2021, and the Final Investment Sum was no longer required; therefore the condition for termination under clause 9.1 (non-payment of the Final Investment Sum) was not met, rendering the Notice of Termination invalid and entitling the defendant's counterclaim.