Joint venturers owe a fiduciary duty to each other
In Eastern Properties Sdn Bhd v Hampstead Corporation Sdn Bhd [2008] 1 AMR 285, the Court of Appeal held that joint venturers owe a fiduciary duty to each other: just as partners do.
*Abbreviations HC = high court COA = court of appeal FC = federal court Ngu Toh Tung & 7 Ors v Superintendent of Lands & Survey, Kuching Division, Kuching & Anor [COA] administrative law; land acquisition J & C New Poly Catering Sdn Bhd v TTMP Bakun Consortium Sdn Bhd [HC] The general rule is that a high court will not issue an injunction to restrain the execution of another high court order. However, the high court possesses inherent jurisdiction to do justice in each case. Thus, an interim injunction could be issued to restrain execution of a decree if it could be shown that the execution would result in an injury to the party against whom the execution was directed at. As a matter of practice, applications for a garnishee order are made before the sar or dr and the decision is appealable to a judge in chambers. Even though under the rules of the high court 1980, service of originating process or other court documents on a corporation...
In LSSC Development Sdn Bhd v Thomas Iruthayam & Anor [2007] 2 CLJ 434, the Court of Appeal held that where purchasers were given a defective house out of time by the developer, for the defects, that was something for which they were entitled to be compensated. As for the delay in delivery, the contract itself contained a clause which provided the formula for the compensation that the developer must pay for its lateness. This was the clause to which the purchasers have recourse as it created a contractual obligation to pay a single sum by way of liquidated damages for the period during which they were kept out of the building for which they had already paid, such sum being calculated upon the basis set out in the sale and purchase agreement.
Ong Thye Peng v Loo Choo Teng & 7 Ors [2008] 1 AMR 757 [FC] Section 60 of the Probate and Administration Act, 1959 ("the Act") is concerned with the manner of disposal of the property of a deceased person by his personal representative. An executor is a trustee of the property of the beneficiaries just as an administrator is. Their duty was to ensure that the estate, of which they are trustees, benefits as much as possible when they deal with trust property. Thus, the obligation of executors and administrators towards the estate of which they are personal representatives must be the same because their primary duty was to protect the rights and interests of the beneficiaries. There can therefore be no difference in the duty of administrators and executors in the sale of estate property. It followed that even in the case of a sale of property by an executor, the relevant date to determine whether the price for the property is fair is not at the time of the offer but at t...