Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
John Bridgeman Limited v National Stock Exchange of Australia Limited [2019] FCA 1127 File number: QUD 346 of 2019
Judge: DERRINGTON J
Date of judgment: 25 July 2019
Catchwords: PRACTICE AND PROCEDURE – application for preliminary discovery – prospective applicant listed on stock exchange – suspension of trading in shares – limited explanation given by exchange operator for reasons for suspension – whether reasonable belief that may have right to relief – whether prospective applicant has sufficient information to decide whether to commence proceedings CORPORATIONS – listing rules – suspension of trading – obligations of operator of stock exchange
Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth), s 37M, s 37N Federal Court Rules 2011 (Cth), r 7.23
Cases cited: Bonds and Securities (Trading) Pty Ltd v Glomex Mines NL [1971] 1 NSWLR 879 Butt v M'Donald (1896) 7 QLJ 68 Chapmans Ltd v Australian Stock Exchange Ltd (No 3) (1995) 17 ACSR 524 ED Oates Pty Ltd v Edgar Edmondson Imports [2012] FCA 356 ObjectiVision Pty Ltd v Visionsearch Pty Ltd (2014) 108 IPR 244 Optiver Australia Pty Ltd v Tibra Trading Pty Ltd (2008) 169 FCR 435 Pfizer Ireland Pharmaceuticals v Samsung Bioepis AU Pty Ltd (2017) 257 FCR 62 Secured Income Real Estate (Australia) Ltd v St Martins Investments Pty Ltd (1979) 144 CLR 596 Webcot Pty Ltd v Jephcott [2009] FCA 1241
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