RINOTA CONSTRUCTION SDN BHD … Appellant/ Petitioner v 1. MASCON RINOTA SDN BHD … Respondents 2. MASCON SDN BHD 3. OLYMPIA INDUSTRIES BHD 4. DATO’ YAP YONG SEONG 5. YAP WEE KEAAT 6. MASCON CONSTRUCTION SDN BHD

02f-45-07-2016w Federal Court (Mahkamah Persekutuan) 8 November 2017 • 02(f)-45-07-2016(W)

Catchwords

Companies and Corporations — Appeal — Oppression — Purchase of shares of minority shareholder — Whether petitioner’s gross delay in filing ‘oppression petition’ inexcusable and fatal — Whether in the circumstances of this case, the Applicant’s only remedy lay in a derivative action in the name of the 1st Respondent Company to the exclusion of any remedy for minority oppression — Whether in the circumstances of this case, the reflective loss principle had any application — Companies Act 1965 [Act 125], section 181

Practice Areas

Company Law

Judges (5)

Balia Yusof bin Haji Wahi Coram Jeffrey Tan Kok Wha Coram Ramly bin Haji Ali Coram Seri Zulkefli bin Ahmad Makinudin Delivered Suriyadi bin Halim Omar Coram

Parties (7)

MASCON CONSTRUCTION Sdn Bhd Respondent MASCON RINOTA Sdn Bhd … Respondents Respondent MASCON Sdn Bhd Respondent RINOTA CONSTRUCTION Sdn Bhd … Appellant/ Petitioner Appellant Dato’ Yap Yong Seong Respondent Olympia Industries Bhd Respondent Yap Wee Keaat Respondent

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (02f-45-07-2016w)