上诉庭在 Queensway Nominees (Asing) Sdn Bhd & Ors v ISM Sdn Bhd [2024] MLJU 2985一案中的裁决，为少数股东在面对多数股东压迫时寻求救济提供了重要指引。 本文探讨少数股东如何成功证明公司存在“准合伙关系”。 关键事实 原告 ISM Sdn Bhd（ISM） 是由拿督 Ray Cheah 及其妻子 Datin Teoh 持有的公司，两人亦为 ISM 的董事。拿督 Ray Cheah 是一名经验丰富的房地产投资者、顾问及注册产业估价师。 2006年6月，他受邀协助重启一项位于 Jalan Imbi 与 Jalan Sultan Ismail 交界处的烂尾发展项目。该地段包括两幅土地 – Lot 1282及Lot 1283（统称为 CN 土地）。CN 土地的注册拥有人已向 MPHB Capital Bhd（MPHB）的一家全资子公司取得融资。 鉴于 CN 土地规模过小，无法单独发展为具商业可行性的综合项目，拿督 Ray Cheah制定计划以拟收购相邻地块，并将整个区

RDS is pleased to publish RDS Legal Insight Q1 of 2026. This quarterly magazine features the following articles by our colleagues: 7) Carbon Credits In Malaysia – M&A And ESG Considerations For Businesses And Investors by Raphael Tay & Shivani Sivanesan

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