Federal Court Affirms: Minority Oppression Claim Fails When Breach of Shareholders’ Agreement Is a Private Matter
In the recent case of ISM Sendirian Berhad v Queensway Nominees (Asing) Sdn Bhd & Ors [Federal Court Civil Appeal No. 02(f)-9-03/2025(W)], the Malaysian Federal Court clarified that a claim for minority oppression under section 181 of the Companies Act 1965 (now section 346 of the Companies Act 2016) cannot be sustained where the underlying dispute concerns a breach of a shareholders’ agreement that does not relate to the affairs of the company.


