Introduction

[1] This is an appeal against the dismissal of the appellant's application to discharge an ex parte Mareva injunction order and the grant of the inter parte Mareva injunction order. The said orders were granted in favour of the respondent who had obtained judgment in respect of liability against the appellant in 2015. The assessment of damages was still pending at the time the post judgment injunction orders were granted on 11 January 2021 and 26 April 2021.

Background Facts

[2] The brief background facts are as follows. The appellant and respondent entered into an agreement to invest in a joint venture project involving prawn farming (the Pitas Project). For that purpose, Sunlight Aqua Sdn Bhd was set up as the joint venture vehicle. The appellant held 51 per cent of the shares