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ARTICLE · 11 OCTOBER 2022

Silent… Or Silenced: Minority Oppression Proceedings

Idza Hajar Ahmad Idzam (assisted by Bailey Leong Pui Yee, Lee Sheen Yee and Yap Jia Cheng) from Zul Rafique & Partners' Litigation Practice Group had successfully acted for Ace Dynamic Team Sdn Bhd and its majority shareholder ...

MalaysiaCorporate/Commercial Law

Introduction

Idza Hajar Ahmad Idzam (assisted by Bailey Leong Pui Yee, Lee Sheen Yee and Yap Jia Cheng) from Zul Rafique & Partners' Litigation Practice Group had successfully acted for Ace Dynamic Team Sdn Bhd (a company holding majority shares of a public listed entity) ("1st Defendant") and its majority shareholder (who was previously a director) ("2nd Defendant") in defending against a minority oppression claim filed by one of the 1st Defendant's minority shareholders ("Plaintiff").

Brief Facts

The Plaintiff commenced this proceeding against the Defendants for remedies to be granted to him pursuant to section 346 of the Companies Act 2016 for being allegedly oppressed as a minority shareholder. The Plaintiff is a registered shareholder of the 1st Defendant's company, holding 15% shareholding therein.

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