Australian Securities & Investments Commission v Singapore Liason Pty Ltd [1999] FCA 350

FEDERAL COURT OF AUSTRALIA

Australian Securities & Investments Commission v Singapore Liason Pty Ltd [1999] FCA 350 CORPORATIONS LAW - application for interlocutory injunctions by Australian Securities and Investments Commission for alleged contravention of Corporations Law and Australian Securities and Investments Commission Act 1989 (Cth) - whether serious question to be tried that third respondent had contravened the Corporations Law and the Australian Securities and Investments Commission Act 1989 (Cth) or that the third respondent had been knowingly concerned in or had aided, abetted, counselled or procured a contravention by the first respondent - whether discretion ought to be exercised to make orders requiring disclosure of and freezing of assets - whether reasonable grounds for belief that respondent would dispose, transfer or dissipate assets - whether prima facie cause of action - whether danger that, by reason of third respondent's absconding or of assets being moved out of the jurisdiction or disposed of within the jurisdiction or otherwise dealt with in some fashion, the applicant if successful will not be able to have judgment satisfied. PRACTICE AND PROCEDURE - application for interlocutory injunctions requiring disclosure of and freezing of assets - Mareva type relief - whether discretion ought to be exercised to make orders requiring disclosure of and freezing of assets - whether reasonable grounds for belief that respondent would dispose, transfer or dissipate assets - whether prima facie cause of action - whether danger that, by reason of third respondent's absconding or of assets being moved out of the jurisdiction or disposed of within the jurisdiction or otherwise dealt with in some fashion, the applicant if successful will not be able to have judgment satisfied.