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

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

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-25-335-10-2023)