In Score Options Sdn Bhd v Mexaland Development Sdn [2012] 5 AMR 485 FC, Arifin Zakaria CJ (as he then was) explained the words ‘caveatable interest’ and ‘registrable interest’ as follows: “[25] A caveat is a creature of statute namely, the NLC and hence it can only be lodged by a claimant who has a caveatable interest under the NLC. The purpose of a caveat is to protect an interest in a land, or a right to an interest in that land (see Yeong Ah Chee v. Lee Chong Hai & Anor and Other Appeals [1994] 1 MLRA 226; [1994] 2 MLJ 614 at 624) and to preserve the status quo of the land pending the enforcement of such interest or right (see Registrar of Titles, Johore v. Temenggong Securities Ltd [1976] 1 MLRA 180; [1976] 2 MLJ 44 at 46). … [35] It is our considered view, therefore, that based on the provisions of NLC and the authorities cited above, the only parties who are authorised to lodge a private caveat are those who may effect dealings in the particular interests in the land. Those parties may either have a claim to the title to the land or a claim to a registrable interest in the land or a claim to any right to such title or registrable interest. [36] Emphasis should be given to the words “registrable interest” in s 323(1)(a) of the NLC. To be caveatable, the interest must be an interest in the land and that interest must be capable of registration. In short, it must represent a transaction that can ultimately lead to its registration on the register.” [Emphasis added]