GDB’s legal actions over 8 Conlay job termination disputes face three-month pause
This was after the court granted the pair (DCSB and KSK Land) and their parent KSK Group Bhd, another restraining order against their creditors.
This was after the court granted the pair (DCSB and KSK Land) and their parent KSK Group Bhd, another restraining order against their creditors.
“The much-considered decision to appoint CCSB as 8 Conlay’s new main contractor was made looking towards the future, and at our commitment to complete the project in the shortest time possible without compromising on quality,” said Joanne Kua, CEO of KSK Group and managing director of KSK Land.
Judicial Commissioner Liza Chan Sow Keng granted the inter-partes (both parties) interim injunction.
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
According to a press statement, the contract between DCSB and GDBSB was terminated due to a failure to achieve agreeable solutions to various disputes relating to construction site matters over a period of the last nine months.
In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.
GDB said it would resume façade work on Tower A, and that full work on the project will resume in early April 2023, provided Damai City meets the agreed terms and settles the outstanding amounts as scheduled.
KUALA LUMPUR (Nov 18): KSK Land, a wholly-owned subsidiary of KSK Group Bhd, has topped out the first tower (Tower A) of YOO8 branded residences serviced by Kempinski today.
KUALA LUMPUR (Feb 26): Construction services firm GDB Holdings Bhd's net profit for the fourth quarter ended Dec 31, 2020 rose 7.