Ex-Protasco director Tey, associate ordered to pay company RM84m over aborted Indonesia O&G deal

Source: The Edge Malaysia

Our Partners, Peter Justin Skelchy and Joycelyn Teoh Hooi Cheng, acted for Protasco Bhd in a commercial fraud litigation matter against an Indonesian entity and 2 former directors where the High Court found the former directors liable for, inter alia, breach of fiduciary and statutory duties, and conspiracy to defraud and injure, resulting in a USD27 million award.

The matter was reported in The Edge Malaysia on 5 September 2023. The publication provides further details on the proceedings and outcome of the case.

For further information, readers may refer to the original article published by the The Edge Malaysia.

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