20 June 2023

Our Litigation Partner, Farah Shuhadah Razali, and Legal Associate, Irfan Husin Rosli, had on 15.6.2023, acted for Lucky Bright Star Sdn Bhd, Nusajaya Rise Sdn Bhd and Symphony Hills Sdn Bhd (“the Defendants”) all of which are subsidiaries of UEM Sunrise Bhd and succeeded in resisting an injunction application filed by the Plaintiff, Nipponkey Sdn Bhd.

On 3.3.2023, the Plaintiff filed an injunction application to restrain the 1st Defendant, Lucky Bright Star Sdn Bhd from receiving the refund of the deposit amounting to nearly RM40 million following the lapse of a sale and purchase agreement due to non-fulfilment of conditions precedent within the stipulated time.

Having heard submissions from counsels for both parties, the Court dismissed the injunction application with costs.

This decision was reported in Bursa Announcement which can be accessed, here.

For more insights into this area of law, please contact our Partners:
P Jayasingam
Wong Keat Ching
Thavaselvi Pararajasingam
Idza Hajar Ahmad Idzam
Farah Shuhadah Razali
Bailey Leong Pui Yee

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