The ELA is proud to welcome our newest member firms: Cains Advocates in Isle of Man and Bowmans - B&M Legal Practitioners in Zambia!
The ELA is proud to welcome our newest member firms: Cains Advocates in Isle of Man and Bowmans - B&M Legal Practitioners in Zambia!

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Interest in Interest? Application of interest not regulated under the Moneylenders Act 1951: Summerhay Development Sdn Bhd v Ivory Ascent Sdn Bhd [08(f)-415-09/2022]

Submitted by Firm:
Shearn Delamore & Co.
Firm Contacts:
Sivabalah Nadarajah, Suganthi Singam, Vijayan Venugopal
Article Type:
Legal Update
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Dear valued clients, colleagues and friends,

The Firm acted for a corporate licensed Moneylender in an appeal against the High Court decision in Summerhay Development Sdn Bhd v Ivory Ascent Sdn Bhd (2020 1 LNS 1491 and 2020 MLJU 1549) and was successful in overturning the High Court decision in J-02(NCvC)(A)-1095-08/2020.

The Court of Appeal’s decision was subsequently affirmed by the Federal Court and the borrower’s motion for leave to appeal was dismissed by the Federal Court (08(f)-415-09/2021(J)).

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This article is written by:

 

     Datin Jeyanthini Kannaperan

     Head

     Dispute Resolution Practice Group

     T: +603 2027 2849

     E: jeyanthini@shearndelamore.com

 

     Koo Yin Soon

     Partner

     Dispute Resolution Practice Group

     T: +603 2027 2842

     E: yinsoon@shearndelamore.com

 

      Yvonne Chong Yun Xin

      Associate

      Dispute Resolution Practice Group

      T: +603 2027 2912

      E: yvonne.chong@shearndelamore.com

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