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

Companies and Corporations

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

Case Significance

RINOTA CONSTRUCTION SDN BHD … Appellant/ Petitioner v 1. MASCON RINOTA SDN BH... is a Federal Court (Mahkamah Persekutuan) decision dated November 8, 2017 (citation: 02f-45-07-2016w). The panel comprised Balia Yusof bin Haji Wahi, Jeffrey Tan Kok Wha, Ramly bin Haji Ali, Seri Zulkefli bin Ahmad Makinudin and Suriyadi bin Halim Omar, with Seri Zulkefli bin Ahmad Makinudin delivering the judgment.

What was the outcome of RINOTA CONSTRUCTION SDN BHD … Appellant/ Petitioner v 1. MASCON RINOTA SDN BH...?

RINOTA CONSTRUCTION SDN BHD … Appellant/ Petitioner v 1. MASCON RINOTA SDN BH... is a Federal Court decision dated November 8, 2017. The case was heard by Balia Yusof bin Haji Wahi. See the full judgment for details.