PETALING JAYA: The High Court has dismissed an application by the World Triathlon Corporation (WTC) to stay proceedings of a claim filed by SRS Sports Centre Sdn Bhd.
SRS Sports in a statement Thursday said WTC wanted to stay the proceedings on the grounds that there was an "exclusive jurisdiction" clause in the agreement that the forum to resolve the dispute was in Florida, US.
It said the High Court ruled that Malaysia was the proper forum of convenience to hear the claim of SRS since the Ironman Triathlon events were organised in Malaysia and the court was possessed with the jurisdiction to hear the matter.
SRS Sports is seeking damages for loss of rights to stage the Ironman Triathlon and 70.3 Half Ironman Triathlon in Malaysia.
Via its subsidiary LIEM Sdn Bhd, SRS Sports held the rights to host the Ironman series in Malaysia since the year 2000 and had for 11 years organised the Ironman Triathlon in Langkawi and the 70.3 Half Ironman Triathlon in Putrajaya.
The claim includes general damages, aggravated damages, punitive damages and other reliefs as the court deems fit.
SRS Sports was represented by Ranjan Chandran and Ganesh Magenthiran while WTC's counsel were Vimalan and Joyce Lim.