Mitsui & Co Ltd v Hanwha (HK) Co Ltd [No 2] [2007] FCA 2071

FEDERAL COURT OF AUSTRALIA Mitsui & Co Ltd v Hanwha (HK) Co Ltd [No 2] [2007] FCA 2071

CORPORATIONS – compulsory acquisition notice – ss 664A, 664AA and 664C Corporations Act 2001 (Cth) – notice rendered of no effect by judgment of court in separate proceeding – application under s 1322(4)(d) by '90% Holder' to extend period provided in s 664AA for lodgement of a notice with ASIC – whether power under s 1322(4)(d) to extend the relevant period – period extended. Corporations Act 2001 (Cth) ss 459E(2)(c), 459G, 588FF(3), 664AA, 664C(1)(a), 664E, 664F, 666B, 1317HD(2), 1322(4)(d), 1322(6)

Anthony Hordern & Sons Ltd v Amalgamated Clothing & Allied Trades Union of Australia (1932) 47 CLR 1 cited Batoka Pty Ltd v Conocophillips WA-248 Pty Ltd [2006] WASCA 44 referred to BP Australia Ltd v Brown (2003) 58 NSWLR 332 discussed Brisbane South Regional Health Authority v Taylor (1996) 186 CLR 541 referred to Capricorn Diamonds Investments Pty Ltd v Catto (2002) 5 VR 61discussed David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 discussed Emanuele v Australian Securities Commission (1996) 188 CLR 114 discussed Gordon v Tolcher (in his capacity as Liquidator of Senafield Pty Ltd (in Liq)) & Anor (2006) 231 ALR 582 referred to Mitsui & Co Ltd v Hanwha (HK) Co Ltd [2007] FCA 2070 referred to Newtronics Pty Ltd v Gjergja (2007) 63 ACSR 611 discussed Pinnacle VRB Ltd v Reliable Powerline [2001] VSC 262 cited Re Infomedia Pty Ltd (2000) 34 ACSR 682 cited Re Testro Bros Consolidated Ltd [1965] VR 18 cited Re Wave Capital Ltd [2003] FCA 969 referred to R v Wallis; Ex parte Employers Association of Wool-Selling Brokers and H V McKay Massey Harris Pty Ltd (1949) 78 CLR 529 cited The Crown v McNeil (1922) 31 CLR 76 cited Winpar Holdings Ltd v Goldfields Kalgoorlie Ltd [2001] NSWCA 427 cited