Foo Jong Wee & Ors v HJ Afifi HJ Hassan [2016] 6 CLJ 696

COUNSEL & SOLICITOR:
Lim Kiang Leong (Tan Wei Wei with him) (Lim Kian Leong & Co) for the respondent.

COURT OFAPPEAL (PUTRAJAYA)

COMPANY LAW: Winding up – Petition – Just and equitable grounds – Restructuring of company to comply with statutory requirements – Majority of shares vested in Bumiputeras – Whether restructuring agreement intended to circumvent statute and illegal – Petitioner participated and benefited from illegal arrangement – Whether just and equitable for company to be wound up – Registration of Engineers Act 1967, ss. 7A(3), 10(4)