Our Dispute Resolution practice group, led by Hoong Min Cheah and Senior Associate Azrul Haziq Khirullah successfully represented our client, an Islamic factoring house in an application for a Mareva injunction and a proprietary injunction before the Kuala Lumpur High Court (Muamalat).
The matter concerned a recovery process involving outstanding amounts arising from Islamic factoring financing. The injunctions sought were aimed at preserving the integrity and status of the assigned contract proceeds connected to the financing arrangement.
This engagement reflects our Firm’s ability to secure and preserve assigned proceeds in Islamic financing while the dispute is being resolved. Safeguarding these proceeds enabled our client to maintain the stability and enforceability of its financing structure pending the determination of the substantive issues.
