Borneo Bulletin

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Did you know that in legal battles, courts often tread lightly when it comes to liquidators' decisions? It's like a game of chess where every move counts, and the court found no reason to disrupt TAIB's claim in the Morsima case, emphasizing that debts aren't just about court judgments. Talk about a courtroom showdown!

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Thinking.. 🤔

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Borneo Bulletin Article

Published on 28th October 2023

The Brunei High Court has rejected a legal challenge by Russtini Real Estate against Perbadanan Tabung Amanah Islam Brunei (TAIB)'s claim as a creditor in the liquidation of Morsima Sdn Bhd. The court ruled that TAIB is rightfully entitled to the debt based on a profit-sharing agreement, despite arguments from Russtini...

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