Tengku Dato’ Ibrahim Petra bin Tengku Indra Petra v Petra Perdana Bhd and another appeal [2018] 2 MLJ 177

COUNSEL & SOLICITOR:
Lim Kian Leong (Tan Wei Wei, Chris Lim Su Heng, Nur Khidmah bt Hazaisham and Colin Liew with him) (Chris Lim Su Heng) for the respondent.

FEDERAL COURT (PUTRAJAYA)

Company Law — Directors’ duties to act in best interest of company in divestments company’s shareholding — Whether directors acted in breach of statutory duties as set out in s 132(1) of the Companies Act 1965 — Whether there was dishonest assistance in various breaches of duty owed — Whether there was conspiracy by lawful and/or unlawful means to injure company vide divestments — Whether there were acts or omissions that caused company to suffer loss and damage in relation to divestments — Whether directors in breach of fiduciary, statutory or common law duties — Whether directors failed to act in best interest of company — Whether such failure caused losses and damages to company