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 The Great Eastern Life Assurance Company Limited v Indra Janardhana Menon (dilantik menurut Perintah bertarikh 17-1-2005 untuk mewakili harta pusaka NVJ Menon, Si Mati) [FC] The court of appeal was correct to hold that Menon was entitled to the overriding commission as paragraph II(A)(I) of the circular makes provision for the payment of overriding commission to an immediate superior at the rate of 10% of the group scheme agent's commission. In the circumstances of the case, Menon was Indrani's immediate superior as he was the one who recruited Indrani. From the facts, there was no evidence identified by the court of appeal to establish the parties intention that the obligation to pay overriding commission was a continuous one and not from time to time as and when payment became due. There was also nothing to show in any of the agreements that the parties had agreed to prolong the obligation to
*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 or company should
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.