Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
EHR Resources Ltd, in the matter of EHR Resources Ltd [2018] FCA 997 File number: WAD 273 of 2018
Judge: COLVIN J
Date of judgment: 28 June 2018
Catchwords: CORPORATIONS - application for orders that trading in shares following a failure to comply with disclosure obligations was not invalid and orders relieving sellers from civil liability pursuant to s 1322(4) - where admitted contraventions of s 707(3) and s 727 as to disclosure - where cleansing notice under s 708A(5)(e) was insufficient disclosure because trading in shares suspended for more than five days in previous 12 months - contraventions due to honest error which had been explained - cleansing prospectus subsequently issued - application allowed
Legislation: Corporations Act 2001 (Cth) ss 707(3), 708(8), 708A(5)(e), 1332(4), 1332(6), Part 6D.2
Cases cited: ICandy Interactive Limited, in the matter of ICandy Interactive Limited [2018] FCA 533 Re Wave Capital Ltd [2003] FCA 969 Re Golden Gate Petroleum Ltd [2010] FCA 40 Weinstock v Beck [2013] HCA 14; (2013) 251 CLR 396.
Date of hearing: 28 June 2018
Registry: Western Australia
Division: General Division
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Category: Catchwords
Number of paragraphs: 18
Counsel for the Plaintiff: Ms VA Bennett
Solicitor for the Plaintiff: K&L Gates
ORDERS WAD 273 of 2018 IN THE MATTER OF EHR RESOURCES LTD (ACN 160 017 390) BETWEEN: EHR RESOURCES LTD (ACN 160 017 390) Plaintiff
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate