GOH BOON LEONG v 1. ) CHARMAINE GOH MIN YEE 2. ) CHOK CHEW LAN

pa-24ncc-7-01-2025 High Court (Mahkamah Tinggi) 22 June 2025 • PA-24NCC-7-01/2025

Catchwords

Sale and purchase of shares on the stock exchange of Bursa Malaysia – Applicant (seller) seeks declaration that respondent (buyer) has breached the share sale agreement, due to failure to pay the purchase consideration before the expiry of the completion period – Respondent counterclaims for refund of deposit – Whether implied term by trade usage and past conduct that respondent is obliged to instruct her remisier to initiate the share transfer transaction by contacting applicant’s remisier and entering a buy order into the trading system – Whether direct business transaction or open market automated trading – Whether respondent is liable to pay liquidated damages to applicant.

Practice Areas

Judges (1)

Quay Chew Soon Delivered

Parties (3)

Charmaine Goh Min Yee Respondent Chok Chew Lan Respondent Goh Boon Leong Applicant

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (pa-24ncc-7-01-2025)