Schrapel v Coopers Brewery Ltd (ACN 007 871 409) [2005] FCA 1714

FEDERAL COURT OF AUSTRALIA

Schrapel v Coopers Brewery Ltd (ACN 007 871 409) [2005] FCA 1714

INTERLOCUTORY APPLICATION – application for injunction to restrain meeting of shareholders – proposed resolution to amend memorandum and articles of association – pre-emptive rights for share transfer – whether proposed resolution is beyond power of members – s 136 Corporations Act 2001 (Cth) – whether proposed resolution is oppressive to members wishing to sell shares

INTERLOCUTORY APPLICATION – application for injunction to restrain meeting of shareholders – whether members are persons likely to be in competition with each other in relation to acquisition or supply of rights in relation to shares – whether conduct of requisitionists and Directors amounts to breach of s 45 Trade Practices Act 1972 (Cth)

Corporations Act 2001 (Cth), s136, s 249D Trade Practices Act 1974 (Cth), ss 45(2)(a)(i) and 45(2)(b)(i) Competition Policy Reform (South Australia) Act 1995, Pt 4

Peters' American Delicacy Company Ltd v Heath & Ors (1939) 61 CLR 457 cited Gambotto & Anor v WCP Ltd & Anor (1995) 182 CLR 432 cited Shears & Anor v Phosphate Cooperative Co of Australia Ltd (1988) 14 ACLR 747 cited Mobileworld Operating Pty Ltd v Telstra Corporation Ltd [2005] FCA 1365 cited

BARRY DAVID SCHRAPEL v COOPERS BREWERY LTD (ACN 007 871 409), GLENN ANDREW COOPER, DAVID RONALD KINGSTON, WILLIAM THOMAS COOPER, TIMOTHY JAMES COOPER, CAMERON JOHN PEARCE AND JAMES MCANDREW COOPER No S 255 of 2005 LION NATHAN AUSTRALIA PTY LTD (ACN 008 596 370) v COOPERS BREWERY LTD (ACN 007 871 409), MARKUS PROPRIETARY LIMITED, NORMAN CRAIG SHIERLAW, BARBARA ROSE MCCARTHY, JEAN ORMONDE RENDELL, GLEN ANDREW COOPER, DAVID RONALD KINGSTON, WILLIAM THOMAS COOPER, TIMOTHY JAMES COOPER, CAMERON JOHN PEARCE AND JAMES MCANDREW COOPER No S 316 of 2005 FINN J ADELAIDE 25 NOVEMBER 2005