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A Deadlocked Company and The Shareholder’s Derivative Action

What happens if a company is in a deadlocked situation and one faction of shareholders commits wrongdoing against the company? Can the other half of the shareholders of the company seek redress against them? This question was tackled in Perak Integrated Network Services Sdn Bhd v Urban Domain Sdn Bhd (on behalf of themselves and…
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November 13, 2019 0

Judicial Management 101

Recently, the Division 8 Part III of the Companies Act (‘CA’) has come into force/ has been enforced by the Companies Commission of Malaysia (‘CCM’) or Syarikat Suruhanjaya Malaysia (‘SSM’) to assist companies that are facing financial difficulties. This is to ensure that companies have a lifeline to survive instead of heading straight down the…
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November 12, 2019 0

Native Customary Rights vs Legislation – Who Will Win?

The contention on land ownership, specifically between the orang asli (aboriginal people) and the State is not a new subject. In this article, we will briefly explore the case of Kong Chee Wai & Satu Lagi v Pengarah Tanah Dan Galian Perak & Yang Lain dan Satu Lagi Kes to better understand the law on…
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November 11, 2019 0