Malaysia Case Law: Decisions & Judgments

Topic

Share transfer validity

Legal area

Court

21 Feb 2023

ZAKRI AFANDI BIN ISMAIL 1. ) IKWAN HAFIZ BIN JAMALUDIN 2. ) NUR ANIS BINTI JAMALUDIN 3. ) IVORY INSIGHTS SDN. BHD. 4. ) Tengku Zahaimi Bin Tuan Hashim

Citation

WA-22NCC-23-01/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCC-23-01/2022 (Mahkamah Tinggi)

The injunctions were granted because the statements of claim disclosed bona fide serious issues to be tried on the validity of the share transfers and director removals, the balance of convenience favoured preserving the status quo to protect plaintiff's proprietary and commercial interests (irreparable harm), damages would be inadequate, and any delay was satisfactorily explained; the injunctions were limited to the Subject Shares to minimize prejudice to defendants.
21 Feb 2023

ZAKRI AFANDI BIN ISMAIL 1. ) IKWAN HAFIZ BIN JAMALUDIN 2. ) NUR ANIS BINTI JAMALUDIN 3. ) IVORY INSIGHTS SDN. BHD. 4. ) Tengku Zahaimi Bin Tuan Hashim

Citation

WA-22NCC-23-01/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCC-23-01/2022 (Mahkamah Tinggi)

The Aminah Suit and subsequent Court of Appeal decision finally determined that the subject shares belonged to the named defendants; the plaintiff had an interest, was aware of those proceedings and did not intervene, and is therefore a privy bound by res judicata; accordingly the present claims are barred, constitute an abuse of process and disclose no reasonable cause of action and must be struck out with costs.
2 Dec 2020

1. KHOO TENG CHUAN 2. KHOR CHUN MOOI 1. WEALTHY ACHIEVERS SDN BHD (NO SYARIKAT: 811438-A) 2. ANG KIM CHENG @ ANG TENG KOK 3. KANG CHAI 4. CHAN WAI KIT

Citation

P-02(NCVC)(W)-2180-10/2018 DIDENGAR BERSAMA P-02(NCVC)(W)-2286-11/2018 (Mahkamah Rayuan)
Court

NCVC
Case number

P-02(NCVC)(W)-2180-10/2018 DIDENGAR BERSAMA P-02(NCVC)(W)-2286-11/2018 (Mahkamah Rayuan)

On the totality of circumstantial and documentary evidence the Court concluded WA was operated for the benefit of the five families, the 2nd defendant was the shadow director and directing mind of WA, and the transfer of the 1st plaintiff's one share to the 3rd defendant was invalid and set aside; the separate application to re-amend pleadings was correctly refused as too late and prejudicial.
21 Sept 2018

ABDUL FATAH BIN HARON (NO. K/P: 481128-03-5377) 1. MOHD IZANI BIN CHE HASSAN (NO. K/P: 601220-03-5605) 2. MOHD IZANI BIN CHE HASSAN (NO. K/P: 601220-03-5605) [sebagai Wakil Diri kepada WAN OTHMAN BIN WAN YUSOFF (NO. K/P: 341129-03-5171), si

Citation

D-02(NCVC)(W)-198-01/2018 (Mahkamah Rayuan)
Court

NCVC
Case number

D-02(NCVC)(W)-198-01/2018 (Mahkamah Rayuan)

The court held the cause of action accrued on 21.9.2006 when the alleged transfers occurred; the claim was brought on 9.6.2016 and is therefore time‑barred under Limitation Act 1953 s6(1)(a); in addition laches applies given the appellant's prolonged inaction and failure to call key witnesses, and the appellant failed to prove a resulting trust or maintain locus standi, therefore the appeal is dismissed and the High Court judgment upheld.

Malaysia Case Law

ZAKRI AFANDI BIN ISMAIL 1. ) IKWAN HAFIZ BIN JAMALUDIN 2. ) NUR ANIS BINTI JAMALUDIN 3. ) IVORY INSIGHTS SDN. BHD. 4. ) Tengku Zahaimi Bin Tuan Hashim

ZAKRI AFANDI BIN ISMAIL 1. ) IKWAN HAFIZ BIN JAMALUDIN 2. ) NUR ANIS BINTI JAMALUDIN 3. ) IVORY INSIGHTS SDN. BHD. 4. ) Tengku Zahaimi Bin Tuan Hashim

1. KHOO TENG CHUAN 2. KHOR CHUN MOOI 1. WEALTHY ACHIEVERS SDN BHD (NO SYARIKAT: 811438-A) 2. ANG KIM CHENG @ ANG TENG KOK 3. KANG CHAI 4. CHAN WAI KIT

ABDUL FATAH BIN HARON (NO. K/P: 481128-03-5377) 1. MOHD IZANI BIN CHE HASSAN (NO. K/P: 601220-03-5605) 2. MOHD IZANI BIN CHE HASSAN (NO. K/P: 601220-03-5605) [sebagai Wakil Diri kepada WAN OTHMAN BIN WAN YUSOFF (NO. K/P: 341129-03-5171), si