Logo of Phnom Penh Post newspaper Phnom Penh Post - Court issues injunction to top rice milling firm

Court issues injunction to top rice milling firm

Court issues injunction to top rice milling firm

BATTAMBANG provincial court has issued an injunction halting the sale of any part of Loran Import Export Company in a dispute over ownership of the prominent rice milling firm, according to a statement.

The plaintiffs, including prominent media personality Soy Sopheap as well as Uy Ang Eng, and Dy Borima, had become shareholders in Loran in July 2010, the injunction said.

The dispute stems from a decision by Loran Import Export President and CEO Lim Bunheng to set up Loran Group in November last year, which excluded the plaintiffs in its ownership structure, Soy Sopheap’s lawyer Kuoy Thunna said yesterday.

“The new company is a rice company, same as the old one. It’s not right to be shareholders in one company and opening a second company in the same business,” he said.

Loran Group had no assets, and the injunction would prevent any transfer of assets such as machinery to the company from Loran Import Export, he claimed.

The injunction, handed down by judge Saoeun Kosal Mony on July 18, halted any attempt by Loran Import Export to sell, rent or mortgage the company’s property. However, he denied three further requests by the plaintiffs, who had also asked to share in profits, for the court to make records of the company’s property, and halt activity at the mill.

Loran Import Export, represented by lawyer Khiev Sambo, had previously filed a complaint to the Phnom Penh Municipal Court to invalidate the contract between Loran and Soy Sopheap’s group.

The injunction quoted Khiev Sambo as saying Soy Sopheap’s demands were not just as “the plaintiff had not yet paid in full for its shares, and had never joined in with company operations”.

Yesterday, Khiev Sambo declined to comment on the court’s decision. Lim Bunheng could not be reached.


  • Twenty years after Pol Pot died a broken man, his memory looms large

    Two decades have passed, but Mea Chron still stands by Pol Pot. Most days he also stands by the mass murderer’s cremation site, keeping guard in the Khmer Rouge’s last stronghold of Anlong Veng. Pol Pot, the widely reviled despot who spearheaded the

  • Reuters: US Embassy fired 32 staff members for sharing pornography

    The United States Embassy in Phnom Penh has fired 32 non-diplomatic staff members who were allegedly caught exchanging pornographic images and video, including of minors, according to the news agency Reuters. Four sources, who spoke on condition of anonymity, told Reuters the content was shared in

  • ‘Trouble’ foreseen in Khmer New Year almanac

    At 9:12am on Saturday, Cambodia’s devout can expect the arrival of Moha Thorathevey, an angel on a peacock holding a trident in one hand and an auspicious serrated wheel in the other. The angel, who has a liking for water hyacinths, will usher in

  • Our 2018 guide to spending Khmer New Year in Phnom Penh

    Khmer New Year festivities are upon us. For the next few days, travellers will be making their way to their home provinces to eat, celebrate, play traditional games and visit a pagoda with offerings. If you will be staying put in Phnom Penh for the