Federal Court rules JV partner can sue ex-partners to recover money
The apex court allows Pelorus Holding Sdn Bhd’s appeal against Jaffa Roger Dawkins, Rabiatul Adawiyyah Mohamad and Harris Luqman Group Sdn Bhd.
The Federal Court ruled that a former joint venture partner can sue its ex-partners to recover funds it claims were misused. Pelorus Holding Sdn Bhd sought to enforce contractual obligations owed directly to it under the joint venture agreement, even though the joint venture company itself was not a party to the lawsuit. The court rejected claims that Pelorus was illegally lending money, finding the advances were contractual obligations. The defendants were ordered to pay costs totaling RM100,000.
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