COUNSEL & SOLICITOR:
For the 4th to 8th defendants – Lim Kian Leong; M/s. Lim Kian Leong & Co.
High Court
Company Law: Shares – whether held by children on trust for father – beneficial ownership – doctrine of advancement – presumption – rebuttal – evidence – clear and distinct proof of trust – intention at time of allotment of shares – possession of share certificates – control of companies.
Equity: Doctrine of advancement – whether shares of company held in trust – beneficial interest – rebuttal – clear and distinct evidence of trust – intention at time shares were allotted.