News
Worldwide Stainless buys Bahru Stainless from Spain-based Acerinox for RM408mil
KUALA LUMPUR: Worldwide Stainless Sdn Bhd has reached an agreement with Spain-based stainless steel leader Acerinox SA to acquire Bahru Stainless Sdn Bhd for a total consideration of US$95 million or RM407.55 million.
Read MoreFederal Court Allows Detik Ria's Appeal
PUTRAJAYA: The Federal Court on Tuesday set aside earlier decisions by the High Court and the Court of Appeal, both of which ordered, among others, a specific performance against Detik Ria Sdn Bhd to sell its 49% stake in Sri Han Suria Sdn Bhd which owns Prudential Assurance Malaysia Bhd (PAMB) to Prudential Corp Holdings Ltd and The Prudential Assurance Company Ltd.
Read MoreDetik Ria keeps 49% stake in Prudential’s Malaysian licensee, now hefty dividends in dispute
PUTRAJAYA (July 30): The bid by Prudential Corp Holdings Ltd and The Prudential Assurance Company Ltd to wholly own the insurance operation in Malaysia — Prudential Assurance Malaysia Bhd (PAMB) — has failed. In setting aside earlier decisions by the High Court and Court of Appeal, the Federal Court on Tuesday ruled that Detik Ria Sdn Bhd had no obligation to sell its 49% stake in Sri Han Suria Sdn Bhd, which owns PAMB.
Read MoreFirm refutes allegations on ‘free land’
KUALA LUMPUR: Landasan Lumayan Berjaya Sdn Bhd (LLBSB) has denied allegations and a police report made on April 20 by activist and politician Badrul Hisham Shaharin that it was given land in Dengkil by the Selangor government. In a statement issued by Berjaya Land Bhd, LLBSB said the allegations are not only baseless and inaccurate but also maliciously intended to hurt its reputation.
Read MoreBusinessman Lim Kok Boon ordered to pay civil penalty of RM1 mil and RM142,500 to Securities Commission Malaysia in disgorgement gain
KUALA LUMPUR (April 22): The High Court (Commercial division) on Monday ordered businessman Datuk Lim Kok Boon to pay a civil penalty of RM1 million to the Securities Commission Malaysia, in addition to pay another RM142,500 for three times the disgorgement of the gain made by his friend Cheah Mean Har after finding both of them liable for insider trading.
Read MoreBerjaya-Naza JV legal challenge over loss of govt car fleet contract to proceed after court ruling
KUALA LUMPUR (April 4): A legal challenge over the termination of a highly-lucrative government fleet car contract will proceed after the High Court gave more time for relevant paperwork to be filed. On Thursday, judge Datuk Ahmad Kamal Md Shahid delivered his brief ruling that allowed Cekap Urus Sdn Bhd, a joint venture backed by Berjaya Corp Bhd, to file the so-called Form 110 among other documents on or before April 15.
Read MoreVincent Tan files defamation suit against Raja Petra over Selangor Maritime Gateway project
KUALA LUMPUR (Feb 6): Tycoon Tan Sri Vincent Tan and his company Berjaya Land Bhd have filed a defamation suit against blogger Raja Petra Kamarudin for reposting a defamatory speech by Kedah Menteri Besar (MB) Datuk Seri Muhammad Sanusi Md Nor over the Selangor Maritime Gateway (SMG) project on Raja Petra’s Twitter (now known as X) and YouTube accounts.
Read MoreCourt prohibits Sanusi from repeating Selangor Maritime Gateway comments until disposal of suit filed by BLand, Vincent Tan
SHAH ALAM (Dec 6): The High Court here on Wednesday granted an inter-partes injunction sought by Berjaya Land Bhd (BLand) and Berjaya Group founder Tan Sri Vincent Tan against Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor, which prohibits the PAS politician from repeating his comments with regard to the Selangor Maritime Gateway project until the disposal of the defamation suit against him.
Read MoreBerjaya Land succeeds in overturning COA decision to cancel Selangor Turf Club plan
KUALA LUMPUR (Oct 30): The Federal Court on Monday set aside the Court of Appeal's (COA) decision two years ago to cancel the Selangor Turf Club (STC) project mooted by Berjaya Land Bhd in 2004. In a bourse filing, Berjaya Land said the apex court allowed its appeal against the Selangor government and the director of the Selangor Country Planning Department (JPBD) with costs of RM80,000, and reinstated the orders made by the High Court in 2017.
Read MoreCourt extends Vincent Tan’s interim restraining order against Sanusi
The Shah Alam High Court has allowed tycoon Vincent Tan’s bid for an ad-interim injunction against Kedah Menteri Besar Muhammad Sanusi Md Nor. The civil court made the ruling this morning when it postponed today’s initially scheduled hearing - of the businessperson’s inter parte (both plaintiff and defendant present) injunction bid - to Oct 25.
Read MoreCourt allows Berjaya-Naza JV to challenge MOF's termination of vehicle fleet project
KUALA LUMPUR (Aug 24): The High Court (Appellate and Special Powers division) has on Thursday (Aug 24) granted leave (permission) to Cekap Urus Sdn Bhd, a joint venture (JV) company owned by tycoon Tan Sri Vincent Tan Chee Yioun’s Berjaya Group and Naza Group, to officially mount a legal challenge over the termination of a vehicle fleet project by the government.
Read MoreBerjaya-Naza JV's challenge against MOF over vehicle fleet termination to be heard on Thursday
KUALA LUMPUR (Aug 22): The hearing for tycoon Tan Sri Vincent Tan Chee Yioun’s Berjaya Group and Naza Group's joint venture (JV)'s application for leave (permission) for judicial review to challenge the Finance Ministry (MOF), government and Spanco Sdn Bhd over the termination of a vehicle fleet project has been fixed for Thursday (Aug 24).
Read MoreBerjaya’s Vincent Tan gets court order to stop Sanusi from making defamatory remarks for now
KUALA LUMPUR, Aug 17 — Berjaya Corporation Berhad founder Tan Sri Vincent Tan today obtained a court order to temporarily stop Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor from making and repeating alleged defamatory remarks against the businessman, until the end of Tan’s defamation lawsuit against the politician.
Read MoreVincent Tan, Berjaya Land sue Sanusi for defamation, seek compensation
KUALA LUMPUR, Aug 10 — Berjaya Corporation Berhad founder Tan Sri Vincent Tan and Berjaya Land Berhad has slapped a defamation lawsuit against caretaker Kedah menteri besar Datuk Seri Muhammad Sanusi Md Nor, seeking compensation over his remarks in an August 2 speech in relation to land in Selangor.
Read MoreVincent Tan and Berjaya Land sue Sanusi over alleged defamatory remarks on SMG project
KUALA LUMPUR (Aug 10): Berjaya Corp Bhd (BCorp) founder and adviser Tan Sri Vincent Tan (pictured) and BCorp's unit Berjaya Land Bhd (BLand) are suing caretaker Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor over alleged defamatory remarks relating to the Selangor Maritime Gateway (SMG) project.
Read MoreBerjaya Group founder Vincent Tan sues government, Spanco over "loss" of vehicle fleet concession
KUALA LUMPUR: Berjaya Group founder Tan Sri Vincent Tan has filed a suit against government and Spanco Sdn Bhd over a multi-million ringgit vehicle fleet concession. Tan claimed that the group, in a consortium with Naza Group, had been picked to manage the fleet concession by the previous administration through a Letter of Intent (LoI) issued in 2018.
Read MoreBerjaya Assets sued for RM97m for calling off Sarawak gaming firm buy
KUALA LUMPUR (Feb 22): Berjaya Assets Bhd has been sued by Violet Circle Sdn Bhd for RM97.6 million for pulling out of an agreement to acquire the remaining 50% stake in Sarawak gaming firm Megaquest Sdn Bhd.
Read More7-Eleven settles suit against Dego Ride founder and operator
KUALA LUMPUR (April 15): 7-Eleven Malaysia Holdings Bhd (SEM) has settled its lawsuit against the operator of Dego Ride. Under the amicable settlement recorded at the High Court, Dego Malaysia Sdn Bhd and its founder Nabil Feisal Bamadhaj are to pay SEM's wholly-owned unit 7-Eleven Malaysia Sdn Bhd, and web service provider Qinetics Solutions Sdn Bhd, a sum of RM2.8 million.
Read MoreCase update
After a span of 11 months of trial, the Shah Alam Sessions Court today delivered a decision in favour of our Clients in our Clients’ claim for liquidated and ascertained damages (LAD) stemming from late delivery of vacant possession of purchased property in the Empire City @ Damansara (Project) against the developer (Defendant) (“Dispute”).
Read Morelegal articles
Recent Singapore Court of Appeal's decision in the case of Sinfeng Marine Services Pte Ltd v Taylor, Joshua James and another and other appeals. This case specifically deals with the applicability of Sections 285 and 310 of the Singapore Companies Act 2006, which are in pari materia with Sections 502 and 461 of the Malaysia Companies Act 2016.
