{
  "id": 14598477,
  "title": "Appeals court overturns uncle’s claim to 238,096 shares transferred to nephew",
  "url": "https://urgent.news/2026/10/15/appeals-court-overturns-uncles-claim-to-238-096-shares-transferred-to",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T02:31:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/nation/2026/10/15/court-of-appeal-overturns-uncle-s-claim-to-238-096-shares"
  },
  "original_language": "en",
  "account": "In a recent ruling, the Court of Appeal has overturned a previous decision made by the High Court, which had been in favor of a businessman seeking to reclaim 238,096 shares from his nephew. The shares in question were held by Semenyih Jaya Sdn Bhd, and they represented approximately 48% of the company's equity. The case was brought before the Court of Appeal by Low Yee Meng, the nephew, against his uncle, Lau Kok Loon, who had claimed ownership of the shares.\n\nLau had transferred the shares to Low in 1995, arguing that the intention was to protect the assets from potential creditors during bankruptcy proceedings. However, the High Court ruled that Low held the shares on a resulting trust for Lau, implying that the transfer did not deprive Lau of his entitlement. The Court of Appeal, however, disagreed with this finding, stating that a trust deed executed in 1990 explicitly stated that the shares were held for Low's benefit.\n\nThe Court of Appeal also noted that the uncle waited around 25 years before filing the suit in 2020, following an earlier legal action initiated by the nephew for an amount exceeding RM10 million. This delay suggested that Lau's claim was retaliatory and defensive in nature. Furthermore, the Court of Appeal emphasized that the arrangement was intended to circumvent bankruptcy law, warning that granting relief could encourage debtors to hide assets instead of settling their obligations to creditors.",
  "summary": "Court says the transfer of shares was valid, while a 25-year delay and an attempt to shield assets from creditors undermined the claim.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Appeals court overturns uncle’s claim to 238,096 shares transferred to nephew",
        "url": "https://urgent.news/2026/10/15/appeals-court-overturns-uncles-claim-to-238-096-shares-transferred-to-14602053",
        "published": "2026-10-15T02:31:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}