Malaysia Case Law: Decisions & Judgments | LexChat

Malaysia Case Law

Valuation and market value
  • 16 Feb 2022

    CIMB BANK BERHAD GOH AH THIAM

    Citation
    P-03(IM)-50-07/2021 (Mahkamah Rayuan)
    Court
    IM
    Case number
    P-03(IM)-50-07/2021 (Mahkamah Rayuan)

    Liability and causation were conclusively determined against the appellant in earlier proceedings and affirmed on appeal; res judicata and issue estoppel prevent relitigation of those matters at the assessment stage, leaving only quantum to be assessed; market value of the Agri-Land as at the High Court judgment date is the appropriate measure of damages and the respondent’s valuation evidence was preferred; therefore the appeal was dismissed and the High Court assessment upheld.