Banking

  Overview  

Our Expertise

Skrine acts for major international and domestic financial institutions. Our litigation experience covers all aspects of banking and customer relationship ranging from routine recovery and foreclosure proceedings to confidentiality and negligence.

 

Notable Experience

  • Acted for a leading Bank in an ongoing matter in which claims for fraud were brought against high ranking officers for losses sustained from Islamic banking transactions of up to RM760 million. Advised on all aspects of the case including possible criminal investigations.
  • Advised and acted in all 3 tiers of court proceedings for a commercial bank which involves a novel point of law in Malaysia concerning the priority of charges over assets.
  • Advised and acted for major banks (both in Malaysia and Singapore) in loan agreement disputes.
  • Represented a major bank in Malaysia in the High Court and Court of Appeal in a heavily contested case against a borrower for breach of loan facilities. The bank obtained an Order for Sale for a prime piece of land located at Ulu Kelang. Despite the Order for Sale, the borrower filed numerous suits and applications (including stay and injunction) against the bank to delay and frustrate the auction. This case is reported in the law journal (Perwira Affin Bank Bhd v. Tan Ah Tong [2003] 5 MLJ 193).
  • Represented a foreign bank in the High Court case of Re: Chan Teik Huat; Ex-Parte:Oversea- Chinese Banking [2007] MLJU 446 which involved a novel issue of whether the bank has failed to convert the Judgment sum (which is in foreign currency) into Ringgit Malaysia at the date of the issuance of the Bankruptcy Notice. The judgment debtor, dissatisfied with the High Court's decision which was granted in favour of the bank, filed an appeal to the Court of Appeal. Recently, the Court of Appeal affirmed the High Court's decision.
  • Acted for a bank in an action involving fraudulent transactions using forged signatures. The High Court after full trial ordered the monies to be refunded to the bank.
  • Acted for a bank which was sued by a developer for wrongful suspension of bringing loan facilities. The issues involved the entire duration of a construction project from the release of bridging loan to end-financing over a period of 16 years for 133 houses. The High Court in Lim Chee Holdings Sdn Bhd v RHB Bank Berhad [2002] 1 LNS 203 after full trial dismissed the developer's claim and allowed the bank's counterclaim. The Court of Appeal in Lim Chee Holdings Sdn Bhd v RHB Bank Berhad [2005] 6 MLJ 497 affirmed the High Court's decision.
  • Acted for a bank in contested civil and foreclosure proceedings against a developer (Southern Bank Bhd v Arena Flora Sdn Bhd & 2 Ors [2008] 1 LNS 212)
  • Acting for major banks in numerous debt recovery actions that generally include civil, foreclosure, execution, bankruptcy and winding up proceedings.

 

 
ACCOLADES & AWARDS

Skrine Retains Who’s Who Legal Accolade for Malaysia

On 15th May 2017, the Who’s Who Global Awards was held in London, United Kingdom and Skrine was conferred the Award:

Malaysia Law Firm of the Year 2017

Skrine previously received this Award in 2013, 2014, 2015 and 2016.

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SKRINE Clinches Top Honours at ALB Malaysia Law Awards 2017

On 6th April 2017, the Asian Legal Business Malaysia Law Awards was held and SKRINE was named

Malaysia Law Firm of the Year 2017

SKRINE also bagged 5 other awards

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Asialaw Profiles 2017

The Asialaw Profiles has ranked Skrine as Outstanding Firm and particularly highlighting the following practice areas:

Outstanding Firm

  • Competition & Antitrust
  • Corporate/M&A
  • Dispute Resolution
  • Energy & Natural Resources
  • Intellectual Property
  • IT, Telco & Media
  • Project & Infrastructure

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