TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD

wa-24ncc-425-09-2024 High Court (Mahkamah Tinggi) 22 April 2025 • WA-24NCC-425-09/2024

Catchwords

BANKING AND FINANCE LAW: Facilities agreements – Cancellation of banking facilities – Legal effect of cancellation on facilities agreement – Whether cancellation of facilities effectively terminates facilities agreement – Whether future obligations under facilities agreement discharged upon cancellation – Whether consolidation and set-off provisions survive cancellation – Survivability of contractual terms post-termination – Whether Section 16.04 consolidation clause survives facilities cancellation – Whether consolidation rights tied to performance obligations – Commercial intent and purpose of facilities agreement – Whether perpetual enforceability intended by parties – Events of default under facilities agreement – Change in shareholding without consent – Waiver of default by conduct of parties

Practice Areas

BANKING AND FINANCE LAW: Facilities agreements

Judges (1)

Atan Mustaffa Yussof Ahmad Delivered

Parties (2)

HONG LEONG BANK BERHAD Respondent TRENERGY INFRASTRUCTURE Sdn Bhd Applicant

Case Significance

TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD is a High Court (Mahkamah Tinggi) decision dated April 22, 2025 (citation: wa-24ncc-425-09-2024). The case was decided by Atan Mustaffa Yussof Ahmad.

What was the outcome of TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD?

TRENERGY INFRASTRUCTURE SDN BHD v HONG LEONG BANK BERHAD is a High Court decision dated April 22, 2025. The case was heard by Atan Mustaffa Yussof Ahmad. See the full judgment for details.