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Can A Receiver and Manager be sued by an Unsecured Creditor For Fraud?

Monorail Retail v Cho Choo Meng, Mohd Anwar bin Yahya and Pricewaterhouse coopers, Malaysia.
Skrine, representing the Defendants, succeeded at the High Court in striking out the suit against the Defendants based on the legal ground that an unsecured creditor has no “locus standi” to sue a receiver and manager. The case went on appeal to the Court of Appeal. On 18 April 2011, the Court of Appeal affirmed the earlier decision in favour of our clients. This decision has a far reaching effect in preventing the floodgates of suits against receivers and managers in general.

 
ACCOLADES & AWARDS

IFLR 1000 2019 Rankings

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IFLR 1000 2019 has ranked Skrine as a Tier 1 firm in four practice areas. In addition, eight of our lawyers were listed among the leading lawyers.

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Asialaw Profiles 2019 Rankings

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Asialaw Profiles 2019 has ranked Skrine as an ‘Outstanding’ firm in seven industry and practice areas. In addition, 10 of our lawyers were listed among the leading lawyers.

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Benchmark Litigation Asia-Pacific 2018

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We are pleased to announce that our firm is recognised as a Top Tier Firm in the inaugural Benchmark Litigation Asia-Pacific 2018. Some of our partners were also listed in the rankings.

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