LU GIR KUANG v 1. ) LLC DEVELOPMENT SDN. BHD. 2. ) LING THOR YUEN

ba-22ncvc-71-02-2024 High Court (Mahkamah Tinggi) 4 June 2025 • BA-22NCvC-71-02/2024

Catchwords

CONTRACT: Recovery of service fee - Whether the Service Agreement is enforceable – Legality of related investment agreement - Deal structure of investment – Whether it is a sham transaction – Whether the service was in fact a brokering of an illegal moneylending arrangement - Moneylending transaction disguised as an investment – True bargain - Loan with exorbitant interest – Rebuttable presumption of moneylending business – Section 10OA of the Moneylenders Act 1951 – Section 24 of the Contracts Act 1950

Practice Areas

CONTRACT: Recovery of service fee

Judges (1)

Elaine Yap Chin Gaik Delivered

Parties (3)

LLC DEVELOPMENT Sdn Bhd Defendant Ling Thor Yuen Defendant Lu Gir Kuang Plaintiff

Case Significance

LU GIR KUANG v 1. ) LLC DEVELOPMENT SDN. BHD. 2. ) LING THOR YUEN is a High Court (Mahkamah Tinggi) decision dated June 4, 2025 (citation: ba-22ncvc-71-02-2024). The case was decided by Elaine Yap Chin Gaik.

What was the outcome of LU GIR KUANG v 1. ) LLC DEVELOPMENT SDN. BHD. 2. ) LING THOR YUEN?

LU GIR KUANG v 1. ) LLC DEVELOPMENT SDN. BHD. 2. ) LING THOR YUEN is a High Court decision dated June 4, 2025. The case was heard by Elaine Yap Chin Gaik. See the full judgment for details.