Company: VCIG
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001213900-25-075843
Chunk: 99

Company: VCI Global Ltd
Filing Date: 2025-08-13
Form: 424B5
Chunk 99
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 either submitted to such jurisdiction or was resident or carrying on business within such jurisdiction      
 and was duly served with process; recognize or enforce judgments of United States courts obtained against us or our directors or officers 
 predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; or          |

| (ii) | the judgment given by the U.S. court was not in respect of                       
 penalties, taxes, fines or similar fiscal or revenue obligations of the company; |

| (iii) | in obtaining judgment there was no fraud on the part of the                
 person in whose favor judgment was given or on the part of the U.S. court; |

| (iv) | recognition or enforcement of the judgment in the BVI would 
 not be contrary to public policy; and                       |

| (v) | the proceedings pursuant to which judgment was obtained were 
 not contrary to natural justice.                             |

Under BVI law a judgment or order for payment
of a sum of money other than an order for payment of money into a court may be enforced by (a) a charging order; (b) a garnishee
order; (c) a judgment summons; (d) an order for seizure of sale of goods; and (e) the appointment of a receiver.

A party to a judicial proceeding in a foreign
court outside the BVI who has in its favor a non-money judgment, such as a declaratory judgment or an injunction, may, in certain circumstances,
be able to enforce that judgment in the courts of the BVI. This would involve that party bringing fresh proceedings in the BVI in which
the equitable doctrine of estoppel could be relied upon to obtain summary judgment from the BVI court on the basis that it would be an
abuse of process for the claim to be re-litigated. In order to avail itself of the equitable doctrine of estoppel, certain requirements
must be met including: (a) the non-money foreign judgment must be based on a cause of action recognized under the law of the BVI;
(b) the foreign judicial proceeding must have identical parties and identical issues; (c) the foreign judgment must be rendered
by a court with judicial authority; (d) the judgment must be final and conclusive; and (e) the judgment debtor must either
have been present in the foreign country at the time the foreign proceedings were commenced, or have submitted to the jurisdiction of
the foreign court by voluntarily appearing in the foreign proceedings, or