LEE WAI PING v 1. ) MOHD TAUFIK BIN KAMIS 2. ) SERATA HIJAU SDN BHD

wa-24ncc-453-09-2024 High Court (Mahkamah Tinggi) 25 May 2025 • WA-24NCC-453-09/2024 • 35 min read

9 cases cited (1 SG, 8 foreign)

Catchwords

COMPANY LAW: Derivative proceedings – Leave to commence derivative action – Sections 347 and 348(1) of Companies Act 2016 – Whether application barred by res judicata – Whether application constitutes multiplicity of proceedings – Whether complainant complied with Section 348(2) notice requirements – Whether complainant acting in good faith – Whether proceedings prima facie in best interests of company – Whether undue delay in bringing application – Breach of fiduciary duties by director – Directors' duties of loyalty and conflict of interest – Whether director placed personal interests above company duties – Fraud and conspiracy by director – Whether corporate deadlock justified derivative proceedings – Whether reasonable prospects of success CIVIL PROCEDURE: Res judicata – Whether previous proceedings involving different parties and causes of action preclude fresh proceedings – Whether contractual breach claims against third party bar fiduciary duty claims against director – Multiplicity of proceedings – Whether separate legal relationships and remedies justify concurrent proceedings – Whether proceedings serve distinct purposes against different defendants – Notice requirements under statutory derivative action provisions – Whether failure to respond to statutory notice constitutes admission of allegations

Judges (1)

Atan Mustaffa Yussof Ahmad Delivered

Counsel (6)

T.Y. Teh & Partners Firm Yee Teck Fah & Co Firm Ho Cheng En Counsel Plaintiff Jacky Loi Counsel Plaintiff Yee Mi Kenn Counsel Defendant Yee Teck Fah Counsel Defendant

Parties (3)

SERATA HIJAU Sdn Bhd Respondent Lee Wai Ping Applicant Mohd Taufik bin Kamis Respondent

Case Significance

LEE WAI PING v 1. ) MOHD TAUFIK BIN KAMIS 2. ) SERATA HIJAU SDN BHD is a High Court (Mahkamah Tinggi) decision dated May 25, 2025 (citation: wa-24ncc-453-09-2024). The case was decided by Atan Mustaffa Yussof Ahmad.

What was the outcome of LEE WAI PING v 1. ) MOHD TAUFIK BIN KAMIS 2. ) SERATA HIJAU SDN BHD?

LEE WAI PING v 1. ) MOHD TAUFIK BIN KAMIS 2. ) SERATA HIJAU SDN BHD is a High Court decision dated May 25, 2025. The case was heard by Atan Mustaffa Yussof Ahmad. See the full judgment for details.

Statutes Cited

Companies Act 1965 (Cap 777)

s 181

Companies Act 2016 (Cap 777)

Cases Cited (9)

SG (1)

[2011] SGHC 88

MY (8)

[1995] 3 MLJ 189 [1995] 4 CLJ 155 [1995] 4 CLJ 551 [1996] 2 CLJ 611 [2008] 6 CLJ 31 [2019] 9 MLJ 762 [2023] 4 MLJ 302 [2024] 3 MLJ 433

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-453-09-2024)