Judgment in default hearing for Equanimity sale adjourned to Friday
An application by 1MDB and the government for a judgment in default (JID) on the sale of the Equanimity superyacht will be decided by the Kuala Lumpur High Court tomorrow.
Lawyer Sitpah Selvaratnam, who is part of the 1MDB legal team appointed by the Attorney-General's Chambers, told reporters today that the hearing of the application before Judicial Commissioner Khadijah Idris had been adjourned to Friday.
"(The hearing) will be continued tomorrow. Come to see us tomorrow at 3pm," Sitpah said outside court soon after the application hearing in chambers was adjourned at 11am...
An application by 1MDB and the government for a judgment in default on the sale of the Equanimity superyacht will be decided by the Kuala Lumpur High Court tomorrow.
Lawyer Sitpah Selvaratnam, who is part of the 1MDB legal team appointed by the Attorney-General's Chambers, told reporters today that the hearing of the application before Judicial Commissioner Khadijah Idris had been adjourned to Friday.
"(The hearing) will be continued tomorrow. Come to see us tomorrow at 3pm," Sitpah said outside court soon after the application hearing in chambers was adjourned at 11am.
The plaintiffs are seeking a judgment in default to allow Equanimity to be sold in the absence of its registered owner, Equanimity (Cayman) Ltd.
On Aug 24, the High Court granted the request of 1MDB and the government for the superyacht to be sold, with courts to decide who will keep the proceeds.
The court made its ruling after the 14-day deadline for Equanimity Ltd to file an appearance had expired.
In an Aug 24 statement, the company said the urgent sale of Equanimity was a violation of international law, as ownership of the yacht is still being challenged in the US courts.
The company also claimed that it has not received any legally valid notice regarding the court hearing.

It was reported that 1MDB and the government were seeking to sell off the yacht, which had been allegedly purchased by 1MDB-linked businessperson Low Taek Jho using money misappropriated from 1MDB.
The state investment arm, under its new management, had laid a claim on the superyacht which was seized when it arrived in Port Klang on Aug 7.
The 1MDB management was replaced following Pakatan Harapan's victory in the May 9 general election.
The Equanimity was first seized by Indonesian authorities on Feb 28, and has since been the subject of a legal battle between the US Department of Justice and a group of companies which own the yacht on paper.
It is believed that Indonesia agreed to hand over the vessel to Malaysia after a meeting between Prime Minister Dr Mahathir Mohamad and Indonesian president Joko Widodo.
Low, through his lawyers, has condemned the handover as a violation of the Indonesian legal process, with courts still to decide on the seizure of the vessel.


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