PENANG PORT SDN BHD v 1. ) PRASARANA MALAYSIA BERHAD 2. ) RAPID FERRY SDN BHD

wa-22ncvc-587-08-2021 High Court (Mahkamah Tinggi) 21 August 2025 • WA-22NCvC-587-08/2021

Catchwords

Business Purchase Agreement (BPA) Operational Loss Payment Commercial contract interpretation Novation of contract Section 63 Contracts Act 1950 Asset, Rental, Sale & Purchase Agreement (ARSPA) Ferry operations Contractual obligations Commercial purpose Penang Port Prasarana Malaysia Public service obligation Counterclaim dismissal Contract rescission Business abandonment Commercial sensibility Contractual interpretation Long-term commitment Regulatory framework

Practice Areas

Business Purchase Agreement (BPA) Operational Loss Payment Commercial contract interpretation Novation of contract Section 63 Contracts Act 1950 Asset, Rental, Sale & Purchase Agreement (ARSPA) Ferry operations Contractual obligations Commercial purpose Penang Port Prasarana Malaysia Public service obligation Counterclaim dismissal Contract rescission Business abandonment Commercial sensibility Contractual interpretation Long-term commitment Regulatory framework

Judges (1)

Eddie Yeo Soon Chye Delivered

Parties (3)

PENANG PORT Sdn Bhd Plaintiff PRASARANA MALAYSIA BERHAD Defendant RAPID FERRY Sdn Bhd Defendant

Case Significance

PENANG PORT SDN BHD v 1. ) PRASARANA MALAYSIA BERHAD 2. ) RAPID FERRY SDN BHD is a High Court (Mahkamah Tinggi) decision dated August 21, 2025 (citation: wa-22ncvc-587-08-2021). The case was decided by Eddie Yeo Soon Chye.

What was the outcome of PENANG PORT SDN BHD v 1. ) PRASARANA MALAYSIA BERHAD 2. ) RAPID FERRY SDN BHD?

PENANG PORT SDN BHD v 1. ) PRASARANA MALAYSIA BERHAD 2. ) RAPID FERRY SDN BHD is a High Court decision dated August 21, 2025. The case was heard by Eddie Yeo Soon Chye. See the full judgment for details.