The Initial Litigation Offering or ILO – with something as simple as a website page or an app, anyone could potentially invest money to fund the costs of litigation. The investor is issued an ILO token, secure on the blockchain, as a share of the potential returns from the litigation. The ILO tokens themselves can be traded and sold on.
The High Court in Re Top Builders Capital Berhad and others (No. 2) [2022] MLJU 1 (grounds of judgment dated 5 January 2022) has set out several important points for the sanction of a scheme of arrangement. Some of these issues have been decided for the first time under Malaysia law.
I feature the Top 5 Arbitration Cases in Malaysia for the year 2021. This follows the past editions of the 2020 cases and the 2019 cases.
This year-end review covers the issues on the seat of arbitration for West Malaysia and East Malaysia, the stay of arbitration proceedings, court reliefs after the issuance of the arbitral award, the availability of the Mareva injunction interim measure, and the grant of an anti-arbitration injunction.
We start this year’s Top 5 cases series with a feature on the Top 5 Company Law Cases in Malaysia for 2021 (see the 2020 Company Law Cases edition and the 2019 Company Law Cases edition).
This list will cover decisions on shareholder’s oppression, the shadow director, indemnity for officers, pre-emptive right and adjourned general meetings.
On 16 December 2021, Scomi Group Berhad (Scomi) made a stock exchange announcement that the Court of Appeal granted an interim preservation order to prevent legal proceedings against Scomi. In effect, Scomi seems to have obtained a moratorium against all legal proceedings despite the dismissal of its earlier judicial management application. There are some interesting issues that arise from this development. Continue reading
on 16 December 2021, the Dewan Rakyat of Parliament passed the Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (COVID-19) (Amendment) Bill 2021. I will refer to this as the Covid-19 Amendment Bill or the Bill.
The Covid-19 Amendment Bill introduces a new Part XIA as additional modifications to housing development laws.
I wanted to touch on the 5 significant amendments that will affect housing developers and purchasers.
