News about legal

Group’s former deputy president and chief operating officer Datuk Wong Tuck Wai: "To the best of my knowledge, I had discharged my duties as an officer of S P Setia conscientiously, diligently and responsibly with absolute due care at that point in time of the said acquisition which was approved by the board of directors after due processes in place at the company.

Yong Tai contends that the claims by Kerjaya Prospek are without merit, arguing that Kerjaya Prospek breached fundamental terms of the contract by failing to complete the work on time and not adhering to the specified scope of work.

In a filing with Bursa Malaysia on Thursday, Kerjaya Prospek said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd (KP) has filed a writ of summons and statement of claim against Apple 99 for failing to pay the outstanding residual contract sum of RM105.

Judicial Commissioner Eddie Yeo had allowed the third party discovery by Felda and FIC to use a report by Ernst and Young entitled 'Fact-based Investigation on the Development of Kuala Lumpur Vertical City (KLVC), Final Report', together with its annexures and another report from the Prime Minister’s Department known as the 'Salihan Report', as evidence in the common bundle of documents for the trial.

On Wednesday, the AGC said in a statement that it will represent the Federal Territory of Kuala Lumpur Land Registrar in applying for a stay of the court decision, and to file an appeal at the Court of Appeal.

"The AGC, representing the Federal Territory Land Registrar, will file the appeal in the Court of Appeal and apply for a stay of execution of the High Court's decision," the AGC said in a statement on Wednesday night.

High Court judge Datuk Ahmad Shahrir Mohd Salleh allowed Semantan Estate’s application, to give effect to the order the company had obtained since 2009 — in one of the longest-standing civil land disputes since Merdeka — back to the liquidator after the court dismissed the government’s application for an adjournment of Tuesday’s hearing pending a proposed settlement by the government on the issue.

At one time, the development sector found itself navigating through turbulent waters amid a dramatic surge in legal cases with estimated claims of a whopping RM48,819 million with respect to the EOT granted between 2016 to 2020.

Ranjan Chandran, a consultant at Messrs Hakem Arabi & Associates: “The ruling on limitation from the date of execution of the SPA does not seem fair to homebuyers [if a] housing development project had not taken off after the SPA is signed and if there [is] a breach that can be ascertained when vacant possession is only been given.

Senior lawyer Leonard Yeoh said that the decision ensures that nobody takes advantage of the law to the detriment of another.