KUALA LUMPUR: The Federal Court on Monday dismissed PM Securities Sdn Bhd’s application for leave to appeal against two decisions of the Court of Appeal in dismissing its judicial review applications against the Securities Industry Dispute Resolution Centre’s (Sidrec) award.
The Securities Commission (SC), which set up the alternative dispute resolution body in 2011, said in a statement that PM Securities had filed two judicial review applications in 2013 to quash awards issued by Sidrec in favour of the claimants.
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