Australian Securities Commission v Bank Leumi Le-Israel [1995] FCA 1130

CATCHWORDS

JUDGMENTS AND ORDERS - Form of orders - Non-compliance with

secondary notices and substantial shareholding disclosure obligations - Costs - Orders pending possible appeal.

Corporations Law, ss 613(1), 709, 722, 742(2), 744(6), 1335(2). Federal Court of Australia Act 1976 (Cth) ss 23, 43. Federal Court Rules, O 23

Messiter v Hutchinson (1987) 10 NSWLR 525.

AUSTRALIAN SECURITIES COMMISSION v BANK LEUMI LE-ISRAEL & ORS NG 3201 of 1995

Sackville J. Sydney 20 December, 1995

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IN THE FEDERAL COURT OF AUSTRALIA )

NEW SOUTH WALES DISTRICT REGISTRY ) No. NG 3201 of 1995 GENERAL DIVISION ) BETWEEN: AUSTRALIAN SECURITIES COMMISSION Applicant AND:

BANK LEUMI LE-ISRAEL First Respondent

EBC ZURICH AG Second Respondent

A.N.Z. NOMINEES LTD Third Respondent

BB NOMINEES PTY LTD Fourth Respondent

NATIONAL NOMINEES LTD Fifth Respondent

GALAH NOMINEES PTY LTD Sixth Respondent

STATTON NOMINEES PTY LTD Seventh Respondent

OFFSET ALPINE PRINTING GROUP LTD Eighth Respondent

ARKLOW PTY LTD Ninth Respondent

Coram: Sackville J. Place: Sydney Date:20 December, 1995 1.In these orders

"A.N.Z." means A.N.Z. Nominees Ltd, the third respondent to these proceedings.

"ASC" means the Australian Securities Commission, the applicant in these proceedings.

"BB" means BB Nominees Pty Ltd, the fourth respondent to these proceedings.

"EBC" means EBC Zurich AG, the second respondent to these proceedings.

- 3 - "EBC Nominees" means A.N.Z., BB, National, Galah and Statton.

"EBC's shares in OAP" means those OAP shares held by any of the EBC Nominees on behalf of EBC, as at the date of these Orders.

"Galah" means Galah Nominees Pty Ltd, the sixth respondent to these proceedings. "Leumi" means Bank Leumi le-Israel, the first respondent to these proceedings. "Leumi's shares in OAP" means those OAP shares held by A.N.Z. on behalf of Leumi