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HIGH COURT MALAYA KUALA LUMPUR
QUAY CHEW SOON, J
LOI YAP LOONG – Appellant
Versus
HARALD RICHARD HEMMING & ORS – Respondent
| Table of Content |
|---|
| 1. factual history of share ownership and corporate structure. (Para 1 , 2 , 3 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22) |
| 2. determining validity of gift vs claim of security/collateral. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57 , 58) |
| 3. requirements for creating a valid trust. (Para 59 , 60 , 61 , 62 , 63 , 64 , 65 , 66 , 67 , 68 , 69 , 70 , 71 , 72 , 73 , 74 , 75 , 76 , 77) |
| 4. assessment of director duties and minority oppression claims. (Para 78 , 79 , 80 , 81) |
| 5. procedural compliance for expert evidence and valuation. (Para 82 , 83 , 84 , 85 , 86 , 87 , 88 , 89 , 90 , 91 , 92 , 93 , 94 , 95 , 96 , 97 , 98) |
JUDGMENT
Introduction
[1] This action concerns a dispute over the plaintiff's ("P") 5 % shareholding in the 4th Defendant ("company"), and the subsequent dilution of that shareholding to 3.75 %. P avers that the transfer of 10,000 shares from the 1st Defendant ("D1") to him in the year 2018 was an outright and unconditional gift conferring full legal and beneficial own
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