Hyflux’s pre-emptive lawsuit against Olivia Lum is on hold
Add BT as a preferred source
HYFLUX’S pre-emptive lawsuit against its founder Olivia Lum Ooi Lin has been put on hold upon the plaintiffs’ application as Hyflux’s liquidators are still investigating if there are sufficient grounds to pursue the claims.
A pre-trial conference was held on Monday (May 23) for what the plaintiffs termed a “protective writ” against Lum.
Senior Counsel Davinder Singh and lawyer Jaikanth Shankar, who act for Lum, told The Business Times on Monday that the High Court granted the plaintiffs a temporary stay of the proceedings until Sep 27, 2022. The plaintiffs said they need more time for their investigations and to take legal advice.
TRENDING NOW
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
These little-known SGX tech stocks are beating the market. What’s driving them up?
Genting Singapore shares drop 8.7% after Q1 earnings fall
