Zico Holdings MD Chew claims 2014 agreement he signed with Zaid was drafted in haste and not binding theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
WHAT’s in a name? William Shakespeare asked.
For former de facto law minister Datuk Mohd Zaid Ibrahim and his former law firm, Zaid Ibrahim & Co, it means everything, as the law firm now one of the largest in the country is already a familiar name and brand.
For the two parties, it also means who owns the remaining 5% stake in the firm and the balance of the sale of Zaid’s shares amounting to a total of RM25.65 million, following his appointment as a minister in 2008.
As has been reported, a legal battle is looming between Zaid and the firm he founded in the late 1980s. Open conflicts at law firms are not entirely new. The latest occurred early last year at Lee Hishammuddin Allen & Gledhill, and ended in five of its partners leaving and establishing a new legal entity.