Labuan Limited Partnerships and Limited Liability Partnerships Act 2010 s 27
s 27 Power of court to order dissolution
(1) The court may, on the application of a partner, order the dissolution of a Labuan limited partnership if it is satisfied that—
(a) the Labuan limited partnership is being conducted in a manner contrary to the terms of the partnership agreement of the Labuan limited partnership;
(b) the Labuan limited partnership is being conducted in a manner oppressive to one or more of the limited partners; or
(c) circumstances have arisen which render it just and equitable that the Labuan limited partnership be dissolved.
(2) Where an order is made under subsection (1), the court may give such directions as it thinks fit as to the winding-up of the Labuan limited partnership.
(3) Where a Labuan limited partnership has been dissolved under this section, the partner making the application shall cause the order of the court to be served on the Authority within thirty days after the making of the order and the Authority may thereupon cancel the registration of the Labuan limited partnership.
(4) If the order of the court is not served on the Authority as required under subsection (3), the partner referred to in that subsection commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.
Malay text (authoritative)
Kuasa mahkamah untuk memerintahkan pembubaran
(1) Mahkamah boleh, atas permohonan seseorang pekongsi, memerintahkan pembubaran perkongsian terhad Labuan jika mahkamah berpuas hati bahawa—
(a) perkongsian terhad Labuan itu dijalankan dengan cara yang berlawanan dengan terma perjanjian perkongsian bagi perkongsian terhad Labuan itu;
(b) perkongsian terhad Labuan itu dijalankan dengan cara yang menindas seorang pekongsi terhad atau lebih; atau
(c) telah timbul hal keadaan yang menjadikannya adil dan saksama bagi perkongsian terhad Labuan itu dibubarkan.
(2) Jika suatu perintah dibuat di bawah subseksyen (1), mahkamah boleh memberikan apa-apa arahan yang difikirkannya patut berkenaan dengan penggulungan perkongsian terhad Labuan itu.
(3) Jika sesuatu perkongsian terhad Labuan telah dibubarkan di bawah seksyen ini, pekongsi yang membuat permohonan itu hendaklah menyebabkan perintah mahkamah itu disampaikan kepada Lembaga dalam masa tiga puluh hari selepas perintah itu dibuat dan Lembaga boleh selepas itu membatalkan pendaftaran perkongsian terhad Labuan itu.
(4) Jika perintah mahkamah tidak disampaikan kepada Lembaga sebagaimana yang dikehendaki di bawah subseksyen (3), pekongsi yang disebut dalam subseksyen itu melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi sepuluh ribu ringgit.
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Find Act 707 on lom.agc.gov.my ↗
Text as at 1 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
