UNISON MINING SDN BHD v 1. ) AIR KUNING RESOURCES SDN BHD 2. ) ZHEN TONG MINING SDN BHD
Catchwords
ABSTRACT This case concerns a gold mining joint venture dispute where Plaintiff sought to enforce a Joint Venture Agreement (JVA) against 1st and 2nd Defendants. Following a Settlement Agreement (SA) executed between the companies' controlling shareholders, RM4.3 million payment and termination of mining cooperation were agreed. Plaintiff obtained an ex parte injunction claiming the SA could not terminate the corporate JVA. The Court dismissed the injunction, holding: (1) the Plaintiff lacked locus standi, failing to establish proprietary rights over the mining lands; (2) the SA bound the corporate entities as signatories were controlling shareholders with apparent authority; (3) the fully-performed SA estopped the Plaintiff from asserting JVA rights; and (4) the balance of convenience favored the Defendants given the Plaintiff's delay and receipt of settlement consideration. KEYWORDS locus standi; privity of contract; interlocutory injunction; shareholder authority
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Judgment
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Read on eJudgmentSource: eJudgment (wa-22ncvc-308-05-2025)