Lim Lay Yee

Practice Focus

Lay Yee’s practice specialises in corporate & commercial litigation and professional negligence & liability.

She has acted in a variety of company and shareholder disputes, including oppression actions and breaches of directors’ fiduciary duty. She has also acted in contentious post winding up proceedings and receivership matters.

Her professional negligence experience includes defending negligence & breach of statutory duty in relation to various kind of accounting engagements, specifically, audit and capital market & services. She is also frequently engaged for advisory on matter concerning inspections by Audit Oversight Board of the Securities Commission Malaysia.

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Experience & Credentials

Lay Yee has been involved in the following matters relating to:

• Lifting of corporate veil of a property developer in an action by homebuyers: Toh Shu Hua & Ors v Wawasan Rajawali Sdn Bhd & Anor [2023] 8 MLJ 860 (HC)

• Professional negligence over accounting, consulting, and advisory services: Symphony Life Bhd v Ng Ying Yiing & Ors [2023] MLJU 93

• Minority shareholder’s oppression action: Ng How Shen v Ng How Ann dan Lain-lain [2022] MLJU 87 (HC) and the relating appeal to the Court of Appeal

• Continued supply of essential service to company under receivership: Boulevard Plaza Sdn Bhd (appointed receiver and manager) v Gas District Cooling (Putrajaya) Sdn Bhd & another appeal [2021] 1 MLJ 391 (CA)

• Duties and liabilities of reporting accountants in corporate bond issue: Maybank Trustees Bhd (formerly known as Aseambankers Malaysia Bhd) v Amtrustee Bhd & Ors and other appeals [2020] 4 MLJ 405 (CA)

• Discontinuance of action on terms: CIMB Investment Bank Berhad v Ernst & Young & Anor [2020] MLJU 1450 (HC) and the relating appeals to the Federal Court

• Locus standi issue in minority shareholder’s oppression action: Gue See Sew & Ors v Heng Tang Hai & Ors [2020] MLJU 46 (HC)

• Validity of trust arrangement between shareholders: Heng Tang Hai & Anor v Dr Gue See Sew & Ors [2019] MLJU 1709 (HC)

• Issue of public interest immunity in discovery of documents: Ernst & Young (sued as a firm) v SJ Asset Management Sdn Bhd (in liquidation) & Anor [2019] 3 MLJ 795 (CA)