The Court of Appeal’s ruling in Queensway Nominees (Asing) Sdn Bhd & Ors v ISM Sdn Bhd  [2024] MLJU 2985 provides guidance for minority shareholders who seek remedies for oppression by the majority shareholders.   This alert discusses how a minority shareholder may successfully prove the existence of a “quasi-partnership” in a company.   Salient Facts   The Plaintiff, ISM Sdn Bhd (ISM) was a company owned by Dato’ Ray Cheah and his wife, Datin Teoh. They were also the directo

In today's corporate landscape, the roles of nominee shareholders and anonymous shareholders are undeniably significant. While both concepts involve individuals holding shares of companies, there is a difference between the two. Nominee shareholders typically represent others in holding shares, while anonymous shareholders prefer to keep their identities confidential and hidden.   Who Is A Nominee Shareholder?   A nominee shareholder refers to a person acting as a legal but u