KUALA LUMPUR: A Malaysian palm oil trader -- Pacific Inter-Link Sdn Bhd ' has filed a suit against PPB GROUP BHD []'s 18.3% owned Wilmar International Ltd, seeking US$444 million in damages.
PBB had on Friday, April 22 announced to Bursa Malaysia the statement made by Wilmar's to the Singapore Exchange Securities Trading Ltd on Thursday.
Wilmar said its unit Wilmar Trading Pte Ltd (WTPL), was served with a writ of summons on Thursday issued by the High Court of Malaya at Shah Alam.
Pacific Inter-Link had alleged defamation and unlawful interference with its economic interests and business with regard to WTPL's contracts of sale of palm oil products with other parties.
Pacific Inter-Link was not a party to those contracts of sale of palm oil products between WTPL and other parties.
'The defendants named in the writ of summons are WTPL and three other Malaysian parties. PIL is claiming against all four defendants, jointly and severally, for amongst others, general damages of US$244.20 million, aggravated damages of US$200 million as well as a public apology,' it said.
Wilmar said the lawyers advised that there was no merit in Pacific Inter-Link 's claim and that the claim is 'totally frivolous, vexatious and an abuse of court process'.
'In particular, it is not alleged in the writ of summons that WTPL is in breach of any contract with PIL'.
Wilmar's lawyers advised that in line with the legal principle of freedom of contract, WTPL was entitled to decide as to which party it wished to deal with, and by choosing not to have business dealings with Pacific Inter-Link for the past few years, WTPL was not in any way liable to Pacific Inter-Link for alleged defamation and unlawful interference with Pacific Inter-Link 's economic interests and business.
PBB had on Friday, April 22 announced to Bursa Malaysia the statement made by Wilmar's to the Singapore Exchange Securities Trading Ltd on Thursday.
Wilmar said its unit Wilmar Trading Pte Ltd (WTPL), was served with a writ of summons on Thursday issued by the High Court of Malaya at Shah Alam.
Pacific Inter-Link had alleged defamation and unlawful interference with its economic interests and business with regard to WTPL's contracts of sale of palm oil products with other parties.
Pacific Inter-Link was not a party to those contracts of sale of palm oil products between WTPL and other parties.
'The defendants named in the writ of summons are WTPL and three other Malaysian parties. PIL is claiming against all four defendants, jointly and severally, for amongst others, general damages of US$244.20 million, aggravated damages of US$200 million as well as a public apology,' it said.
Wilmar said the lawyers advised that there was no merit in Pacific Inter-Link 's claim and that the claim is 'totally frivolous, vexatious and an abuse of court process'.
'In particular, it is not alleged in the writ of summons that WTPL is in breach of any contract with PIL'.
Wilmar's lawyers advised that in line with the legal principle of freedom of contract, WTPL was entitled to decide as to which party it wished to deal with, and by choosing not to have business dealings with Pacific Inter-Link for the past few years, WTPL was not in any way liable to Pacific Inter-Link for alleged defamation and unlawful interference with Pacific Inter-Link 's economic interests and business.
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