Hyflux’s pre-emptive lawsuit against Olivia Lum is on hold
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly