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Need Help,!! company issue (foreigner involved)

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asked on Mar 3, 2008 at 00:52
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Need Help, please

few years ago (2006), my friend using my name join with foreigner to do the business.
the paid up capital only RM5,000.00 and share : foreigner A (RM 4,998.00) Foreigner B (RM 1) Meat  (RM1 )

after that they went back and leave malaysia already,
but now i face a big problem, very very trouble..

just received a letter, ask the company to paid the debt rm59K,
what should i do ? please help !!!

Thanks !!!
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1 Answers

answered on Aug 17, 2012 at 10:59
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if there is any form of dispute, there are a few options to pursue the case. you could either approach a lawyer, fight the case out in the courts knowing that there are chances it will be heard in maybe 3 years. Again, knowing that, when the verdict comes around, you might or might not get what you want. There is another approach... talk and negotiate. For all you know it might be that simple. This is what MEDIATION is about. Maybe you think it is difficult for you to do it on your own. Well you don't have to. A mediator is a third party who is neutral and acts as a facilitator. I have used one along the way and they are based in Kl but do call them to see if Mediation can help you. His number is 03-22890775. You might also want to try 014-6417833. No harm asking him some questions on the mediation process. It is an impartial one, all discussions are private and it really is the party that decides on the outcome.so really, you have the controls. the settlement agreement at the end of the day is prepared by the mediator and it is a binding contract . Plus the fees are really low compared to legal proceedings plus it is made known before mediation begins. Most importantly is that both party wins !
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