Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Plaintiff
and
.. Defendant
STATEMENT OF CLAIM
1. The plaintiff is a private company incorporated in Malaysia and having
its registered address at Brumby Centre, Lot 41, Jalan Muhibbah, 87000
Labuan Federal Territory, Malaysia.
2. Defendant is a company incorporated in Malaysia and having its
registered address at No. 1, Tiara Labuan, Jalan Tanjung Batu, 87007
Labuan Federal Territory, Malaysia. The defendants core business is to
provide hotel and accommodation facilities.
3. On 25 November 2011, both parties had signed the Sale and Purchase
Agreement (Agreement) to purchase the defendants hotel at the
price of RM5,004,000.
4. The terms and conditions of the Agreement are, among others, as
follows:
(i)
The parties had agreed, inter alia, that 10% of the Purchase Price
amounting to RM 500,400 shall be paid by the Purchaser upon
the execution of this Agreement as deposit. The balance of the
Purchase Price shall then be paid within three months from the
(ii)
(iii)
Purchaser.
The parties further agreed that upon default of the Purchaser,
the Vendor shall be entitled to terminate the Agreement by
giving written notice and to forfeit only the deposit, not with
(iv)
9. The Plaintiff hereby avers that by way of the letter dated 1 April 2013,
it is clearly shows that the Defendant had agreed to extend the period
for the balance of Purchase Price payment, and thereby shall has no
right to terminate the Agreement and forfeit all moneys, including
monies other than 10% deposit paid by the Plaintiff upon the failure to
pay it within the stipulated time. Such conditions are contrary to the
Agreement which clearly stated that the Defendant shall grant the
extension of time upon the Plaintiffs request in the event whereby the
Plaintiff fails to pay in full on or before the completion date, and thus
have infringed the Plaintiffs rights therein.
10.
On 21 April 2013, the Defendant further wrote to the Plaintiffs
solicitor to terminate the Agreement and calling for the return of
Memorandum of Transfer together with issue document of title upon
the failure of Plaintiff to pay the balance of Purchase Price within the
stipulated time. The Defendant also forfeited all sums paid by the
Plaintiff pursuant to its letter of 21 April 2013.
11.
Pursuant to the said letter, the Plaintiff
avers
that the
Plaintiff.
Denying the rights of the Plaintiff in the Agreement by
terminating it and forfeiting all the monies, including further
13.
(iii)
.
Messrs.
Associates
Nurul,
Aqilah
&
: NAA/0001(H)/Convey/01-2015/Jernih Equity
Tel No : 06-9522745
Fax No : 06-9555745