The High Court recently delivered a landmark decision on a civil suit involving over BND3 million in awards, in a dispute between a company and a legal counsel.
A local bank provided the company, the first defendant, with financing and one of its directors, Yang Amat Mulia Pengiran Maharaja Setia Laila Diraja Sahibul Irshad Pengiran Anak Dato Laila Utama Pengiran Haji Abdul Rahim bin Pengiran Indera Mahkota Pengiran Anak Kemaludin Al-Haj (YAM), the second defendant, had signed the personal continuing guarantee document presented to him by Ridzlan Haji Ibrahim, a practicing lawyer in Brunei Darussalam, who is the second third party in the action and who was also a close personal friend of YAM.
The company defaulted on the repayment of the financing and the bank claimed against the first and second defendants for the sum of BND3,520,430.28.
-- Courtesy of Borneo Bulletin