I had earlier written about the Federal Court decision of Jet-Tech Materials Sdn Bhd & Anor v Yushiro Chemical Industry Co Ltd & Ors and another appeal [2013] 2 MLJ 297 and its sweeping finding that breaches of shareholders agreement cannot form the basis for an oppression action under section 181 of the Companies Act 1965.

For a more detailed commentary on Jet-Tech do click on over to Weng Tchung’s view on this decision. It is a recommended read.