Ireka corporation berhad - IREKA (8834) Overview

So isnt the answer obvious? So who will takeover the empty construction category shell company? The core business of the company is in Infrastructure, Real Estate, and Technologies.

In light of these provisions, the FC's decisions in Bauer and Ireka may have inadvertently caused financial hardship to claimants who commenced adjudication proceedings in respect of pre-CIPAA construction contracts in reliance on the High Court's decision in UDA Holdings that CIPAA operates retrospectively.

The issue of retrospective application of CIPAA was raised in the Court of Appeal but was held to be not a material consideration for the case.

The FC also rejected the contention in both appeals that CIPAA ought to be given retrospective effect by reason that it is a social legislation.

The FC added that to the contrary, CIPAA is not silent as to its commencement date.

The company undertakes civil engineering works such as earthworks, road, bridges and interchanges, runway, public utilities, golf courses, drainage works and tin mine works.

I think best to do more research.

In Ireka, the question of law posed to the FC was whether CIPAA gives rise to substantive rights and is consequently not retrospective in nature, making the adjudication decision in this case liable to be set aside.

The subcontracts contained an equipollent clause "clause 13.