Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Force Commodities Ltd, in the matter of Force Commodities Ltd [2019] FCA 1815 File number: WAD 540 of 2019
Judge: MCKERRACHER J
Date of judgment: 1 November 2019
Date of publication of reasons: 5 November 2019
Catchwords: CORPORATIONS – application for orders under s 1322(4) and s 254E of the Corporations Act 2001 (Cth) – application to validate trading in the plaintiff's shares – application to relieve sellers of shares from civil liability – carve out in respect of director and officers regarding relief from civil liability – non-compliance with ASIC Class Order Held: application allowed
Legislation: Corporations Act 2001 (Cth) ss 254E, 706, 707(1), 707(3), 708A(5), 708A(6), 708A(11), 721(1), 727(1), 1322(4)(a), 1322(4)(b), 1322(4)(c), 1322(4)(d), 1322(6)(a), 1322(6)(a)(ii), 1322(6)(a)(iii), 1322(6)(b), 1322(6)(c), Ch 6D
Cases cited: Australian Dairy Farms Limited, in the matter of Australian Dairy Farms Limited and Dairy Funds Management Limited [2018] FCA 2056 Caeneus Minerals Ltd, in the matter of Caeneus Minerals Ltd [2018] FCA 560 Castillo Copper Limited, in the matter of Castillo Copper Limited [2018] FCA 602 Clancy Exploration Limited, in the matter of Clancy Exploration Limited [2018] FCA 569 Classic Minerals Limited, in the matter of Classic Minerals Limited [2018] FCA 2039 EHR Resources Ltd, in the matter of EHR Resources Ltd [2018] FCA 997 Re Golden Gate Petroleum Ltd (2010) 77 ACSR 17 Golden Rim Resources Ltd, in the matter of Golden Rim Resources Ltd [2019] FCA 1206 Re ICandy Interactive Limited (2018) 125 ACSR 369 Laserbond Limited (ACN 057 636 692), in the matter of Laserbond Limited (ACN 057 636 692) [2007] FCA 2056 NMRA Ltd v Gould (1995) 18 ACSR 290 Re Poseidon Nickel Ltd (2018) 129 ACSR 57 Pursuit Minerals Limited, in the matter of Pursuit Minerals Limited [2018] FCA 1127 Queensland Bauxite Ltd, in the matter of Queensland Bauxite Ltd [2018] FCA 2113 Re Silver Lake Resources Ltd (2012) 87 ACSR 436 Spectur Limited, in the matter of Spectur Limited [2019] FCA 867 TV2U International Limited, in the matter of TV2U International Limited [2016] FCA 1556 Wangle Technologies Ltd, in the matter of Wangle Technologies Ltd [2018] FCA 864 Re Wave Capital Ltd (2003) 47 ACSR 418 Weinstock v Beck (2013) 251 CLR 396
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