PECD Berhad (in Liqudation) v AmTrustee Berhad
| Jurisdiction | Malaysia |
| Date | 2013 |
| Year | 2013 |
| Court | Federal Court (Malaysia) |
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Ap Raintree v Red Sena Ipo Bal Proceeds - Appeal
...The concept of a Quistclose Trust was, succinctly explained by the Federal Court in PECD Bhd & Anor v Am Trustee Bhd and other appeals [2013] 9 CLJ 841, after going through the development of the law on the same in the United Kingdom, where it was then held “[37] The term 'Quistclose trust'......
1 firm's commentaries
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[BANKING & INSOLVENCY] Raintree F&B Sdn Bhd V Red Sena Berhad (In Liquidation)
...will have no claim to them as it would, following the words of the Federal Court in PECD Bhd & Anor v Am Trustee Bhd and other appeals [2013] 9 CLJ 841, FC, "be a fair and just (2) The learned High Court Judge also correctly held that the entire Remaining IPO proceeds of RM15,398,942.00 wer......