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Apex court considers application of Prest in piercing corporate veil


Introduction
A separate legal entity – or rather, a corporate veil – exists to separate a corporate entity from its incorporators upon incorporation. Citing the century-old case
Solomon v A Solomon & Co Ltd,(1) Justice Nallini Pathmanathan stated the following in
Ong Leong Chiou v Keller (M) Sdn Bhd:(2)
The juristic principle comprising the bedrock of company law is the legal fiction that on incorporation, the corporate entity is clothed with a separate and distinct personality. It is a legal person distinct from its members.(3)
It is also well established that the corporate veil can be lifted or pierced when the corporation is used for fraudulent, dishonest and unlawful purposes. ....

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No escape from paying minimum wage

A recent Federal Court decision has confirmed that the hotel industry cannot use a service charge to supplement employees' wages in order to meet the minimum threshold for wage requirements. While the decision may be unpopular among hoteliers and related or similar industries, it was inevitable. The long-term impact that it may have on society outweighs any likely detriment that it may cause to a particular industry. ....

Industrial Court , National Wages Consultative Council Act , Gan Partnership , Minimum Wages Orders , Federal Court , Crystal Crown Hotel Resort Sdn Bhd , Crystal Crown Hotel Petaling Jaya , Kesatuan Kebangsaan Pekerja Hotel , Restoran Semenanjung Malaysia , Industrial Relations Act , Employment Act , Gan Khong Aik , Lee Sze Ching , Aw Firms , Aw Updates , Egal Updates , Egal Developments , Aw Developments , Egal Newsletters , Egal Current Awareness , Egal Advisers , Egal Advisors , Egal Directory , தொழில்துறை நீதிமன்றம் , தேசிய ஊதியங்கள் ஆலோசனை சபை நாடகம் , கண் கூட்டு ,

Federal Court rules that termination clauses should be construed strictly


The recent Federal Court decision in
Catajaya Sdn Bhd v Shoppoint Sdn Bhd(1) has breathed new life into the interpretation of termination clauses in contracts. Indeed, it sounded a cautionary note to the business community at large when the Federal Court held that termination clauses must be interpreted strictly.
Facts
The dispute arose from the termination of a share sale agreement (SSA) between Catajaya Sdn Bhd (appellant) and Shoppoint Sdn Bhd and its shareholders (respondents). Under the SSA, the appellant was to purchase a piece of land held by Shoppoint Sdn Bhd by acquiring its shares.
The SSA stipulated specific timelines for the payment of the purchase price, whereby the appellant would pay the balance purchase price by the agreed completion date. ....

Khong Aik , Catajaya Sdn Bhd , Shoppoint Sdn Bhd , Lee Sze Ching Ashley At Gan Partnership , Gan Partnership , Federal Court , Purchase Price , Gan Khong Aik , Lee Sze Ching , கொங் ஜக் , லீ ஸ்ஜே சிங் ஆஷ்லே இல் கண் கூட்டு , கண் கூட்டு , கூட்டாட்சியின் நீதிமன்றம் , கொள்முதல் ப்ரைஸ் , கண் கொங் ஜக் , லீ ஸ்ஜே சிங் ,