Pestec wins fresh injunction against Speco
KUALA LUMPUR: Pestec International Bhd has secured an ad interim injunction from the Kuala Lumpur High Court against Shandong Power Equipment Co Ltd (Speco).
Pestec International Bhd has secured a fresh court injunction against Speco, preventing the Chinese company from enforcing an undisclosed corporate guarantee tied to an ongoing legal dispute. The interim injunction, issued by the Kuala Lumpur High Court, bars Speco and its employees, agents, and representatives from taking any action to enforce the guarantee until an inter partes hearing on Oct 9.
Pestec, operating in power infrastructure and engineering projects across Malaysia and overseas, filed the civil suit against Speco, Shandong Electrical Engineering & Equipment Group Co, and former Pestec management members. The injunction follows an ex parte order granted on Sept 2. Pestec intends to take additional measures to safeguard its rights and interests, as the latest court decision does not address the dispute's core issues.
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