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KUALA LUMPUR: An international arbitration tribunal has ordered PT Ayunda Prima Mitra (PT APM) to immediately discontinue civil suits against Astro All Asia Networks Plc, its subsidiaries and group chief executive officer and executive deputy chairman Ralph Marshall.
KUALA LUMPUR: The Securities Commission (SC) has filed a civil suit at the Kuala Lumpur High Court against two individuals for insider trading involving the shares of GW Plastics Holdings Bhd in September 2012.
NEW YORK: The US government and Gulf Coast states are considering offering BP Plc a deal under which it pays US$16bil to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, according to the Wall Street Journal.
Zafrul: The government will not rest until all those involved are made fully accountable for the wrongdoings caused to the country through their involvement in 1MDB and/or SRC.
KUALA LUMPUR: The Ministry of Finance (MoF) confirmed yesterday legal representatives of 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd had filed a total of 22 civil suits to recover RM96.6bil (US$23bil).
PETALING JAYA: Telekom Malaysia Bhd and Malaysia Airlines confirmed that they have received a letter from the Prime Minister's Department dated Aug 8, 2011 while Axiata Group Bhd and Atlan Holdings Bhd clarified that they haven't received any letter from the Government in relation to the out of court settlement of legal suits involving Tan Sri Tajudin Ramli.
PETALING JAYA: Sime Darby Bhd will not be actively involved in the third party notices filed by the company's former chief Datuk Seri Ahmad Zubir Murshid against 22 individuals, which includes Sime Darby's chairman Tun Musa Hitam and some current board members of Sime, Kumpulan Sime Darby Bhd and Sime's subsidiaries.
KUALA LUMPUR: The Employees Provident Fund (EPF) has submitted the names of 422 defaulting company directors to the Immigration Department for the period from January until March 2012 to prevent these directors from leaving the country without first settling their employees’ EPF contribution arrears.
The Employees Provident Fund (EPF) submitted the names of 422 defaulting company directors to the Immigration Department between January and March 2012.