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OTHERS Allianz Malaysia Berhad ("Company") Material Litigation involving the Wholly-Owned Subsidiary

ALLIANZ MALAYSIA BERHAD

Type Announcement
Subject OTHERS
Description
Allianz Malaysia Berhad ("Company") 
Material Litigation involving the Wholly-Owned Subsidiary

We refer to the Company’s announcement dated 8 September 2021 with regard to the proceedings by the Company’s wholly-owned subsidiary, Allianz General Insurance Company (Malaysia) Berhad ("AGIC") against Virginia Surety Company Labuan Branch.

 

The Board of Directors of the Company wishes to announce that AGIC has on 1 October 2021 filed an application to the Federal Court for Leave to Appeal against the decision of the Court of Appeal of Malaysia. (The Court of Appeal had on 3 September 2021 dismissed AGIC’s appeal against the Kuala Lumpur High Court’s Decision delivered on 28 June 2019, to challenge the Award of the Arbitral Tribunal dated 8 February 2018).

 

This announcement is dated 4 October 2021.






Announcement Info

Company Name ALLIANZ MALAYSIA BERHAD
Stock Name ALLIANZ
Date Announced 04 Oct 2021
Category General Announcement for PLC
Reference Number GA1-04102021-00007




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