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Scomi Energy units to remain under judicial management for six more months


The extension order was granted by Justice Datuk Azmi Ariffin at the Shah Alam High Court today. 
The three subsidiaries are Scomi Oiltools Sdn Bhd, Scomi KMC Sdn Bhd and KMCOB Capital Bhd (KMCOB). 
The court also granted an extension of time of 60 days for the judicial manager to send a statement of his proposal to the Registrar of Companies and to all creditors of the affected companies. 
The order also allows the manager to lay the statement of proposal before a meeting of the affected companies’ creditors, Scomi Energy said in a filing with Bursa Malaysia. 
Lawyers Lee Shih and Pang Huey Lynn from Messrs Lim Chee Wee Partnership appeared for the judicial manager in today’s court proceedings. ....

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AAX wants to set aside BOC Aviation foreign judgement demanding the carrier pay US$23.3m


KUALA LUMPUR (Dec 30): AirAsia X Bhd (AAX) and AAX Leasing Two Ltd has applied to set aside the foreign judgement obtained by BOC Aviation Ltd in the High Court of Justice, Business and Property Courts of England and Wales in November, which is enforced in the Malaysian courts here on Dec 7.
The matter came up for case management before High Court deputy registrar Norazlin Othman today. She gave several directions for parties to file affidavits and fixed April 12 for the probable hearing of AAX and the other company s application.
BOC Aviation, which is represented by counsel Kwan Will Sen of Messrs Lim Chee Wee Partnership, is objecting to AAX s application to set aside the enforced judgement on the grounds that there is no restraining order obtained by the airline, as it sought a scheme hearing at another High Court. ....

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Deleum sues senior execs in 'illegal scheme' but they say company condoned it


A RM20 million suit by Deleum Primera Sdn Bhd (DPSB) against four of its senior executives for purported breach of fiduciary duty has been met with a countersuit by the executives, who allege that DPSB’s parent company Deleum Bhd was aware of the kickbacks that were being paid to executives of Petronas Carigali Sdn Bhd to ensure jobs continued to go to DPSB.
The allegations are contained in DPSB’s suit against its director and CEO, Mazrin Ramli, senior general manager and director, Khairulazmi Mohamad Karudin, two other DPSB executives and two Petronas Carigali tender evaluation committee members, as well as the counterclaim by Mazrin and Khairulazmi against DPSB. ....

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