Aluminex (M) Sdn Bhd and Another; United Malayan Banking Company Bhd
Jurisdiction | Malaysia |
Date | 1993 |
Court | Supreme Court (Malaysia) |
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9 cases
1 books & journal articles
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OF PROHIBITIONS ON ASSIGNMENTS, RESTRICTIVE COVENANTS AND NEGATIVE PLEDGES IN COMMERCIAL LAW: CLOGS ON COMMERCE
...of negative pledges but only as an option. 66 [1989] 1 MLJ 284. See however United Malayan Banking Corp Bhd v Aluminex (M) Sdn Bhd[1993] 3 MLJ 587 where the Supreme Court (Kuala Lumpur) held that the onus of proof is clearly on the floating chargee to show that the subsequent creditor had n......