NEWS ALERTS & DEALS

CORPORATE DIVISION


Joint venture to develop Elastomer Plant at RAPID

Corporate Partner, Faizah Jamaludin and Corporate Senior Associate, Fariz Abd Aziz acted for Versalis S.p.A., a subsidiary for ENI, which entered into a joint-venture with PETRONAS Refinery and Petrochemical Corporation Sdn. Bhd, a subsidiary of PETRONAS for the development, construction and operation of the elastomers plants in Pengerang, Southern Johor, Malaysia.

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Corporate Partner, Faizah Jamaludin together with Corporate Senior Associate, Fariz Abd Aziz represented GDF Suez E&P International SA in its negotiations and entry into a Production Sharing Contract with PETRONAS for the exploration and development of deep water exploration Block 2F in offshore Sarawak as part of a consortium comprising JX Nippon Oil & Gas Exploration and PETRONAS Carigali Sdn Bhd. GDF SUEZ holds 20% participating interest in the PSC.

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Newfield International Holding Inc -SapuraKencana

Skrine’s Corporate Partner, Faizah Jamaludin, and the Dispute Resolution Partners, Siva Kumar Kanagasabai and Lee Shih, together with Corporate Senior Associate, Fariz Abdul Aziz, represented Newfield International Holding Inc (“Newfield”) where SapuraKencana Petroleum Bhd won the rights to buy Newfield’s Malaysian oil and gas assets for RM2.85 billion.

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DISPUTE RESOLUTION DIVISION


Court of Appeal upholds asset freeze order in Singapore penny stock collapse

On 13 October 2014, the Court of Appeal upheld a Mareva injunction to freeze the assets of six individuals and two companies regarding the trading of shares in three listed companies in Singapore. The panel, led by Justice Mah Weng Kwai, dismissed the appeal by the eight against the Kuala Lumpur High Court decision in support of a foreign arbitration under Section 11 of the Arbitration Act 2005. This is the first case where Section 11 of Arbitration Act 2005 has been used to assist in an international arbitration where the seat is outside of Malaysia. Counsel from SKRINE who represented the successful applicant were Dispute Resolution Partners, Lim Chee Wee and Lee Shih together with Associate, Ong Doen Xian.

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Huda @ Najwa Binti Ikhwan v Bursa Malaysia Securities Berhad

On 20 August 2014, the Court of Appeal comprising Justices Hishamudin Yunus, Zawawi Salleh and Umi Kalthum Majid dismissed the appeal and upheld the High Court’s dismissal of the Appellant’s application for judicial review against Bursa Malaysia’s Appeals Committee.

Before Bursa Malaysia’s Market Participants Committee, the Appellant was found to have been involved in churning/rollover activities and substantial cross trades which had the effect of creating false/misleading appearance of active trading in/market for certain securities. A public reprimand, a fine of RM100,000.00 and an order for striking off the register as a Registered Person were made against the Appellant. This was upheld by the Appeals Committee. Before the High Court, the Appellant failed in her application for judicial review and the Court of Appeal upheld this decision.

Counsel from Skrine who represented Bursa Malaysia in the High Court and the Court of Appeal was Lee Shih, assisted by Nimalan Devaraja.

Tengku Dato' Kamal Ibni Sultan Sir Abu Bakar & 3 Ors v Bursa Malaysia Securities Berhad

On 16 August 2012, the Court of Appeal comprising Justices Ramly Ali, Zaharah Ibrahim and Aziah Ali upheld the decision of the High Court in relation to Bursa's resort to section 360 of the Capital Markets and Services Act 2007 ("CMSA") to enforce penalties imposed by its regulatory committees on defaulting market participants. The Appellants in the matter were former directors of Cepatwawasan Group Berhad and had been found by Bursa's regulatory committees to have breached Bursa's Listing Requirements. Counsel from Skrine who represented Bursa was Lim Chee Wee, assisted by Lee Shih and Ong Doen Xian.

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Lee Yoke Yam v Chin Keat Seng

On 28 November 2012, the Federal Court unanimously ruled in a landmark decision that statements contained in a first information report under Section 107 of the Criminal Procedure Code are protected by absolute privilege. The Federal Court arrived at this decision based on public policy considerations. Accordingly, the defendant was not liable for alleged defamatory statements contained in a first information report.

Counsel from Skrine who represented the defendant were Oommen Koshy and Kwan Will Sen.

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INTELLECTUAL PROPERTY DIVISION


Lockheed Martin v Raytheon

On 4 September 2012, The Federal Court of Malaysia denied Lockheed Martin Corporation's application for leave to determine the question of "whether a mark if perceived to be generic in its country of origin, could be registered in Malaysia".

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EVENTS ACCOLADES & AWARDS

Skrine 50th Anniversary Regatta 2013

28 September 2013. Over 300 supporters. Close to 180 dragon boaters. 6 corporate teams. All paddling for charity at the Skrine Regatta 2013.

In conjunction with the firm’s 50th anniversary celebrations, Skrine hosted its second Skrine Regatta: Paddling for Charity dragon boat race.

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Asia Pacific Legal 500 2014

6 partners are listed as Leading Lawyers in the Asia Pacific Legal 500 2014.

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Chambers Asia-Pacific 2014

14 partners are ranked as Chambers Leading Lawyers 2014.

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ANNOUNCEMENTS

Legal Insights 3/2014, September 2014 is now available. To access the newsletter, please click here.

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" I have been pondering on why Providence has been so kind to Skrine & Co. up to date, and how this firm founded by a polo-playing Anglican Englishman, a bridge-playing Presbyterian Scotsman, a piano-playing Roman Catholic Irishman, a north country beer connoisseur Englishman (religion unknown) and an Ipoh Chinese Methodist managed to cohere as well as it did and to attract a string of Asian partners, and to keep and then expand its clientele."
- John Skrine (1922-1993)