News about legal

The decision follows consultation with legal counsel Eric Tan of Messrs Ong Kok Bin & Co, as there are concerns that proceeding with the requisition could expose the company and its board to potential contempt of court proceedings.

The plaintiffs are seeking a declaration that the requisition notice was not issued bona fide, and is therefore null and void.

The suit pertains to a conditional share sale-and-purchase agreement signed on Dec 22, 2023 under which Jiankun was to acquire 99.

The court also ordered that any sale and transfer of the 57 condominium units held under strata title must be sold at market value and through an open tender or public auction.

This follows reports earlier this month that Zahid said an individual, whom he did not name, had not signed documents to release his trustee responsibilities over a party asset.

Mahathir’s lawyers want Puad to hold a press conference at Umno headquarters, invite the media, and admit he was wrong to publish the false claim that Mahathir had committed a breach of trust.

Menara Kuala Lumpur Sdn Bhd is now planning to take legal action (committal proceedings) against the Ministry of Communications and the Federal Lands Commissioner, accusing them of a forcible takeover of the tower when it temporarily closed the KL Tower early on Thursday morning.

"The new concessionaire requires a little time to implement the relevant work thoroughly to ensure the safety of visitors.

The lawsuit centres on the sale of a luxury condominium site in Taman U-Thant for RM145 million in December last year, which belonged to the plaintiff and charged to RHB as security for banking facilities, according to RHB in a bourse filing on Tuesday.

Paramount said the suit is unlikely to impact its finances, as the SPA signed in December 2024 allows TBSB to cancel the deal and claim a refund if legal issues block the transaction.