Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | NOTICE OF ARBITRATION PURSUANT TO ARBITRATION RULES OF THE SINGAPORE INTERNATIONAL ARBITRATION CENTRE ARBITRATION NO: ARB 153/20/AYP BETWEEN VODOKE PTE LTD (COMPANY NO: 201226907M) AND TELEKOM MALAYSIA BERHAD (128740-P) |
Telekom Malaysia Berhad (TM) refers to its previous announcement dated 7 July 2022 wherein it was announced that TM received the Award on liability dated 6 July 2022 from the Singapore International Arbitration Centre.
TM wishes to announce that it has today, received an Originating Application filed by Vodoke Pte Ltd (VPL) at the High Court of Singapore dated 6 October 2022, seeking the following reliefs:
1. That there be a declaration that in relation to the Partial Award dated 6 July 2022 (the Award) arising from the arbitration initiated by VPL, dismissing VPL’s claims and upholding TM’s counterclaim for misrepresentation:
(a) VPL was deprived of the opportunity to present its case in accordance with Articles 18 and 34(2)(a)(ii) of the Model Law read together with Section 3(1) of the International Arbitration Act 1994 (“IAA”); and/or
(b) There was a breach of the rules of natural justice in the making of the Award by which VPL’s rights have been prejudiced, pursuant to Section 24(b) of the IAA;
2. The said Award be set aside and a fresh tribunal be appointed to hear the parties’ disputes;
3. Such further or other directions be given as the court deems appropriate;
4. There be liberty to apply; and
5. The costs of this application be provided for.
TM will take necessary steps to dismiss the said Originating Application.
TM shall make further announcement if there are any material developments in respect of this matter.
This announcement is dated 1 November 2022.
Company Name | TELEKOM MALAYSIA BERHAD |
Stock Name | TM |
Date Announced | 01 Nov 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-01112022-00100 |