Wynn Resorts (Macau) S.A. v 1. ) Poh Yang Hong 2. ) Tan Hock Chai 3. ) Chico Development Sdn Bhd 4. ) Suruhanjaya Syarikat Malaysia (SSM)

wa-24ncc-120-03-2024 High Court (Mahkamah Tinggi) 3 September 2024 • WA-24NCC-120-03/2024 • 12 min read
1 cases cited (0 SG, 1 foreign)

Outcome

Conclusion [38] In conclusion, I allow Enclosure 1 with cost of RM5,000 awarded to the Plaintiff and is to be borne by the 3rd Defendant. [39] The counterclaim has no merits as the foundation of the said counterclaim falls on the same reasons why Enclosure 1 was allowed. [40] The 4th Defendant being a nominal Defendant is to effect the order of this Court.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-24ncc-120-03-2024). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Section 103 of Companies Act 2016 - Rectify the Register of Members - Declaration that the transfer of shares is invalid, null and void - whether action based upon a judgment obtained in a separate civil suit is an action that falls within the word “action” in

Practice Areas

Company Law

Judges (1)

Ahmad Fairuz bin Zainol Abidin Delivered

Counsel (7)

Albar & Partners Firm Jeff Leong, Poon & Wong Firm Tuang, Chu & Co. Firm Aw Kai Xiang Counsel Defendant Lai Wing Ee Counsel Plaintiff Raiza Binti Zakaria Counsel Defendant Rudaini bt Abdullah Counsel Defendant

Parties (5)

Chico Development Sdn Bhd Respondent Suruhanjaya Syarikat Malaysia Respondent Poh Yang Hong Respondent Tan Hock Chai Respondent Wynn Resorts S.a Applicant

Statutes Cited

Companies Act 2016 (Cap 777)
Contracts Act 1950 (Cap 136)

Cases Cited (1)

MY (1)
[2019] MLJU 2003

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-120-03-2024)