California  |  Business Law

Legal Question

Asked on: 10/25/13, 9:17 am

John,a multi millionaire is the major shareholder and director of Jojo Sdn Bhd.Jojo Sdn Bhd is in a lot financial difficulties and are indebted to many creditors.Jojo Sdn Bhd owes Maniam a lot of money and upon liquidation could not pay Maniam.Maniam wants to sue John and seeks your advice. Maniam is also asking your legal advice whether the implication would be different if John was found to be the mastermind in defrauding Maniam and other creditors and he had resigned leaving Jenny as the sole director of Jojo Sdn Bhd.

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