Federal Court of Australia
+2)
\ TRADE PRACTICES,- misleading and deceptive conduct - takeover of Se a me proprietary limited company by public listed company - special
resolution required - memorandum and independent valuation report sent by directors to shareholders - allegedly constituting misleading and deceptive conduct by company - injunctive and declaratory relief sought - strike out motions - mandatory injunctive relief under s.80 - whether pleading of adoption of valuation report supportable - trial of preliminary issue - whether conduct "in trade or commerce" ~ whether conduct of Board
or conduct of company - security for costs.
Trade Practices Act 1974, ss.52, 80
Companies (Western Australia) Code ss.229, 533 ~-
Companies (Acquisition of Shares) (Western Australia) Code s.12 Federal Court of Australia Act s.56
Securities Industry Code s.42
Foss v Harbottle (1843) 2 Hare 461 Prudential Assurance Co. Ltd v Newman Industries Limited (1982) 2
WLR 31
Phelps v Western Mining Corp. Ltd (1978) 20, ALR 183
Cari Zeiss Stiftung v Herbert Smith & Co. (1969) 1 Ch.93
OD Transport v WA Government Railways Commission (1987) 71 ALR 356 Philip Morris Inc. v Adam P. Brown Male Fashions Pty Ltd (1981)
148 CLR 457
TVW Enterprises Ltd v Michael John Duffy and Others (unrep. Toohey J. 28 March 1985)
CBS Productions Pty Ltd v O'Ne1ll (1985) 1 NSWLR 601
Re Ku-ring-gai Co-Operative Building Society (No.12) Ltd (1978) 36 FLR 134
Trade Practices Commission v Legion Cabs (Trading) Co-Operative
Society Ltd (1978) 35 FLR 372 WA McArthur Ltd v State of Queensland (1920) 28 CLR 530
James v The Commonwealth (1936) 55 CLR 1 Larmer v Power Machinery Pty Ltd (1977) 29 FLR 490 Wells v John R. Lewis (International) Pty Ltd (1975) 25 FLR 194
Glorie v W.A. Chip and Pulp Co. Pty Ltd (1981) 39 ALR 67
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