HIGH COURT MALAYA KUALA LUMPUR
BUMI ARMADA NAVIGATION SDN BHD – Appellant
Versus
MIRZA MARINE SDN BHD (ENCL NOS 1 & 5) – Respondent
| Table of Content |
|---|
| 1. a mareva injunction can be granted to prevent asset dissipation before arbitral proceedings. (Para 1 , 21 , 24) |
| 2. interim measures are judicially discretionary and do not interfere with arbitration process. (Para 36 , 39 , 49) |
| 3. the court must ensure not to cause undue hardship to the defendant while protecting plaintiff's rights. (Para 60 , 63 , 67) |
(Court Encl Nos 1 And 5)
A. Introduction
[1] This case discusses the Court's power to grant:-
(a) a Mareva injunction before the commencement of arbitral proceedings under s 11(1) of the Arbitration Act 2005 ( AA ). If a Mareva injunction is granted, this judgment will discuss whether the Court has the power to provide that a party whose assets have been frozen by a Mareva injunction, be allowed to use part of the party's frozen assets to pay for the party's:-
(i) reasonable and ordinary operational expense; and
(ii) legal advice and representation for the suit in question and potential arbitration; and
(b) a mandatory order under s 11(1) AA to compel a party subject to a Mareva injunction, to affirm an affidavit to disclose all information regarding the party's assets (Mandatory Disclosure
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