ALCIM HOLDING SDN BHD & ANOR vs TORALF MUELLER & ORS

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2015 MarsdenLR 462

HIGH COURT MALAYA KUALA LUMPUR
ALCIM HOLDING SDN BHD & ANOR – Appellant
Versus
TORALF MUELLER & ORS – Respondent

Table of Content
1. establishment of shareholder agreements is crucial for defining ownership and responsibilities. (Para 1 , 2 , 3)
2. trust deeds must comply with statutory fiduciary duties. (Para 90 , 94)
3. directors owe fiduciary duties to act in the best interest of the company. (Para 125 , 126 , 134)
4. conspiracy requires intent and agreement among parties. (Para 145 , 147)

JUDGMENT

Hasnah Mohammed Hashim J:

Background

The Parties

[1] The 1st Plaintiff ("ALCIM Holding") is the holding company of the 2nd Plaintiff holding 127,500 shares (51%) of the shareholding in that company. ALCIM Holding is primarily an investment holding company with no independent business of its own except for its investment in the 2nd Plaintiff.

[2] ALCIM Holding's shareholders are as follows: (a) The 1st Defendant ("Toralf") 72,500 shares (b) Rozila Binti Mat Tahir ("Rozilah") 105,000 shares (c) Jacob a/l George ("Jacob") 72,500 shares

[3] The Directors of ALCIM Holdings are as follows:

(a) Thomas George

(b) Mardina Binti Ismail

(d) Susan Shireen Thomas

(e) Rozilah

(d) Jacob

(e) Toralf

(f) Jayanth (2nd Defendant) (resigned on 12 September 2011).

[4] The 1st Defendant (Toralf) is a direc

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2015 MarsdenLR 462

HIGH COURT MALAYA KUALA LUMPURALCIM HOLDING SDN BHD & ANOR – AppellantVersusTORALF MUELLER & ORS – Respondent

Cases Referred (1)

HIGH COURT MALAYA KUALA LUMPUR
ALCIM HOLDING SDN BHD & ANOR – Appellant
Versus
TORALF MUELLER & ORS – Respondent