Icon City Development Sdn. Bhd. vs K-Shin Corporation Sdn. Bhd.

The case involves an appeal by Icon City Development Sdn. Bhd. (Appellant) against K-Shin Corporation Sdn. Bhd. (Respondent) regarding the delayed delivery of vacant possession of a shop office under a Sale and Purchase Agreement (SPA). The High Court had ruled in favor of the Respondent, awarding liquidated ascertained damages (LAD) for the delay. The Court of Appeal partially allowed the appeal, reducing the LAD amount and adjusting the interest calculation.