Isignthis Limited v ASX Limited [2020] FCA 567

FEDERAL COURT OF AUSTRALIA

Isignthis Limited v ASX Limited [2020] FCA 567 File number: VID 1315 of 2019

Judge: DAVIES J

Date of judgment: 30 April 2020

Catchwords: PRACTICE AND PROCEDURE – interlocutory injunctions – where applicant seeks to restrain publication of statement of reasons and issuing of directions by Australian market licensee – whether serious question to be tried – no serious question to be tried in respect of validity of ASX Listing Rule 18.8 – no serious question to be tried in respect of alleged breach of good faith and/or reasonableness by Australian market licensee – balance of convenience weighs against granting injunctions sought – interlocutory relief refused

Legislation: Australian Securities and Investments Commission Act 2001 (Cth), ss 13, 31 and 33 Corporations Act 2001 (Cth), Parts 7.2 and 7.2A, ss 761A, 792A, 792B(2)(c), 792C(1), 792D(1), 793B(2), 793C, 798F, 798G, 798J, 1101B Corporations Amendment (Financial Markets Supervision) Act 2010

Cases cited: Australian Broadcasting Corporation v O'Neill [2006] HCA 46; 227 CLR 57 Australian Communications and Media Authority v Today FM (Sydney) Pty Ltd [2015] HCA 7; 255 CLR 352 Beecham Group Limited v Bristol Laboratories Pty Ltd [1968] HCA 1; 118 CLR 618 Bradto Pty Ltd v State of Victoria; Tymbook Pty Ltd v State of Victoria [2006] VSCA 89; 15 VR 65 Castlemaine Tooheys Ltd v South Australia [1986] HCA 58; 161 CLR 148 FAI Insurances Ltd & Anor v Pioneer Concrete Services Ltd & Ors (No 2) (1986) 10 ACLR 801 Fire & All Risks Insurance Co Ltd v Pioneer Concrete Services Ltd (1986) 10 ACLR 760