Malaysia Case Law: Decisions & Judgments

Topic

Share transfers

Legal area

Court

14 Aug 2024

KER BOON KEE 1. ) TAN SIN HWA 2. ) TIANG NIK UNG 3. ) ANG YONG SOON

Citation

JA-22NCvC-127-10/2020 (Mahkamah Tinggi)
Court

High Court
Case number

JA-22NCvC-127-10/2020 (Mahkamah Tinggi)

The court found on the balance of probabilities that the Trust Agreement and pre-signed share transfer forms, together with absence of any documentary proof of payment by defendants, established that the 250,000 shares were held on trust for the plaintiff; defendants failed to rebut the presumption of trust or produce evidence of payment; equity requires restitution of dividends, so plaintiff entitled to RM750,000 plus interest and costs; defendants' counterclaim dismissed.
20 Nov 2023

1. ) LOOH KEO @ LOOH LIM TENG 2. ) LOOH CHAI BOON (Mendakwa sebagai wakil Pertama) 1. ) LOOH CHEE PENG 2. ) Loo Chee Peng 3. ) Looh Chee Wee 4. ) Looh Pik Loo 5. ) Looh Kit Siang 6. ) Looh Loo Yeok 7. ) PROSPELL ENTERPRISE SDN BHD 8. ) YOKE

Citation

WA-22NCC-112-03/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCC-112-03/2022 (Mahkamah Tinggi)

On the totality of direct and corroborative evidence the court found the plaintiff proved he remained beneficial owner and that nominees, including the five individual defendants, held shares on resulting and, alternatively, constructive trust; the presumption of advancement was rebutted, equitable/common law fraud established, and remedies including declaration of trust, return of beneficial interest, exemplary damages and costs were awarded to the plaintiff.
14 Jan 2020

1. HONG CHEE MENG (No.K/P: 610903-01-6029) 2. WONG KEM MOI (No.K/P: 600319-10-6712) 1. FANG CHEE PENG (No. K/P: 630617-01-5728) 2. FANG CHEE MING (No. K/P: 651026-01-6676) 3. FANG CHEE TECK (No. K/P: 700528-01-5559) ( Pertama, Kedua dan Ket

Citation

WA-22NCC-193-04/2019 (Mahkamah Tinggi)
Court

High Court
Case number

WA-22NCC-193-04/2019 (Mahkamah Tinggi)

The strike out application was dismissed because the pleadings and affidavits raised genuine triable issues — including the existence and timing of an oral promise and a handwritten note, the plaintiffs' reliance and the surrounding factual matrix — such that it was not plainly and obviously unsustainable to proceed to trial under Order 18 r.19; these factual disputes cannot be resolved summarily.

Malaysia Case Law

KER BOON KEE 1. ) TAN SIN HWA 2. ) TIANG NIK UNG 3. ) ANG YONG SOON

1. ) LOOH KEO @ LOOH LIM TENG 2. ) LOOH CHAI BOON (Mendakwa sebagai wakil Pertama) 1. ) LOOH CHEE PENG 2. ) Loo Chee Peng 3. ) Looh Chee Wee 4. ) Looh Pik Loo 5. ) Looh Kit Siang 6. ) Looh Loo Yeok 7. ) PROSPELL ENTERPRISE SDN BHD 8. ) YOKE

1. HONG CHEE MENG (No.K/P: 610903-01-6029) 2. WONG KEM MOI (No.K/P: 600319-10-6712) 1. FANG CHEE PENG (No. K/P: 630617-01-5728) 2. FANG CHEE MING (No. K/P: 651026-01-6676) 3. FANG CHEE TECK (No. K/P: 700528-01-5559) ( Pertama, Kedua dan Ket