KUALA LUMPUR (March 20): Industrial chemicals distributor Nylex (Malaysia) Bhd and Utusan Melayu (Malaysia) Bhd will work together to explore the possibility of settling their legal dispute amicably.

Lawyer Nurfazreen Hazrina Rahim, who acted for Utusan, told reporters that both parties will seek the possibility of settling the case out of court.

"The High Court Judge (Datuk Nik Hasmat Nik Mohamad) agreed to postpone today's hearing pending the outcome of settlement," she said.

She said the matter is now fixed for further case management on April 22.

"The High Court will then fix another date to deliver the decision for two applications filed by Nylex previously if both parties couldn't reach any settlement," she added.

Nylex is seeking a summary judgment from the High Court, and also security for costs to be paid by Utusan before the trial.

Security for costs is where the plaintiff (Nylex in this case) asks the defendant (Utusan) to deposit a certain amount of money to court should it lose the case.

Meanwhile, a summary judgment is a decision made on the basis of statements and evidence presented in the legal pleadings and documents filed, without a trial or calling of witnesses.

In a filing with Bursa Malaysia, Utusan said it was served last Sept 4 with a writ of summons from Nylex.

Nylex is claiming that Utusan failed to refund the RM10 million deposit which had been remitted pursuant to letters of 'Advertising, Branding & Communication Exercise by Nylex Group of Companies through Utusan Malaysia & Mingguan Malaysia' dated Jan 29 and Feb 2 last year.

Lawyer Justin Wee appeared on behalf of Nylex.