Read more at https://www.channelnewsasia.com/news/asia/malaysia-can-sell-equanimity-1mdb-jho-low-yacht-10649390
24 Aug 2018 06:35PM
Ricky Lim
Before the hearing, Equanimity (Cayman) Ltd, which claims ownership of the yacht, said in a statement that it had not received any "legally valid notice" of the application for the sale or of the court hearing.
"To move for a sale in Malaysia immediately would be a remarkable violation of due process and international legal comity, and would call into question the actual ownership of the yacht for a potential buyer," the company said in the statement.
A spokesman for Low issued a statement through attorneys describing the planned sale of the yacht as further proof that Prime Minister Mahathir Mohamad had no interest in following a fair and just legal process.
"This illegal and costly act once again shows Mahathir’s interests are purely political and that he has no respect for the rule of law," the statement said.
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The Admiralty Court in Kuala Lumpur gave the government clearance to sell the Equanimity after a one-and-a-half hour hearing, without the presence of representatives from the yacht's owner.
"It doesn't affect the case, if they're interested, they should come before this court," said Ong Chee Kwan, one of the lawyers representing the Malaysian government and 1MDB.
"We have not been approached by anybody, no lawyers have entered an appearance in court."
--
So wonder who is right?
Is the Malaysian Court right or the International law?
When the yacht is sold, and someone through International Court challenge it --- will the buyers enter into a legal dispute?
"To move for a sale in Malaysia immediately would be a remarkable violation of due process and international legal comity, and would call into question the actual ownership of the yacht for a potential buyer," the company said in the statement.
A spokesman for Low issued a statement through attorneys describing the planned sale of the yacht as further proof that Prime Minister Mahathir Mohamad had no interest in following a fair and just legal process.
"This illegal and costly act once again shows Mahathir’s interests are purely political and that he has no respect for the rule of law," the statement said.
---
The Admiralty Court in Kuala Lumpur gave the government clearance to sell the Equanimity after a one-and-a-half hour hearing, without the presence of representatives from the yacht's owner.
"It doesn't affect the case, if they're interested, they should come before this court," said Ong Chee Kwan, one of the lawyers representing the Malaysian government and 1MDB.
"We have not been approached by anybody, no lawyers have entered an appearance in court."
--
So wonder who is right?
Is the Malaysian Court right or the International law?
When the yacht is sold, and someone through International Court challenge it --- will the buyers enter into a legal dispute?
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