RAKUTEN TRADE SDN BHD v 1. ) SECURITIES INDUSTRY DISPUTE RESOLUTION CENTRE 2. ) Ramley Bin Ismail

wa-25-335-10-2023 High Court (Mahkamah Tinggi) 19 January 2025 • WA-25-335-10/2023

Catchwords

ADMINISTRATIVE LAW: Judicial review – Securities Industry Dispute Resolution Centre’s (“SIDREC”) – Adjudication of dispute between investor and Member of SIDREC – Adjudication award – Appeal to SIDREC’s Appeals Committee (“SIAC”) – Judicial review against decision of SIAC – Whether liability appealable when claimant successful – Whether subject of review circumscribed by jurisdiction of SIAC to hear appeals on serious errors of law and fact – Capital Markets and Services Act 2007 – Capital Markets and Services (Dispute Resolution) Regulations 2010 – Terms of Reference (Rules for SIDREC and SIAC) of the Security Industry Dispute Resolution Centre

Practice Areas

ADMINISTRATIVE LAW: Judicial review

Judges (1)

Amarjeet Singh a/l Serjit Singh Delivered

Parties (3)

RAKUTEN TRADE Sdn Bhd Applicant Ramley bin Ismail Respondent Securities Industry Dispute Resolution Centre Respondent

Case Significance

RAKUTEN TRADE SDN BHD v 1. ) SECURITIES INDUSTRY DISPUTE RESOLUTION CENTRE 2.... is a High Court (Mahkamah Tinggi) decision dated January 19, 2025 (citation: wa-25-335-10-2023). The case was decided by Amarjeet Singh a/l Serjit Singh.

What was the outcome of RAKUTEN TRADE SDN BHD v 1. ) SECURITIES INDUSTRY DISPUTE RESOLUTION CENTRE 2....?

RAKUTEN TRADE SDN BHD v 1. ) SECURITIES INDUSTRY DISPUTE RESOLUTION CENTRE 2.... is a High Court decision dated January 19, 2025. The case was heard by Amarjeet Singh a/l Serjit Singh. See the full judgment for details.