Federal Court of Australia
Federal Court of Australia
Bridging Capital Holdings Pty Ltd v Self Directed Super Funds Pty Ltd [2021] FCA 1625 File number: NSD 1065 of 2021
Judgment of: STEWART J
Date of judgment: 21 December 2021
Catchwords: CORPORATIONS – valuation of shares pursuant to an order made to purchase shares under s 233(1)(d) of the Corporations Act 2001 – where order for majority shareholder to purchase shares of minority shareholder made by consent – where no finding of oppression by majority shareholder – where shareholders' relationship has broken down – whether a minority discount on valuation should be applied
Legislation: Corporations Act 2001 (Cth) s 233
Cases cited: Re Abbey Leisure Ltd [1990] BCLC 342 Re Bird Precision Bellows Ltd [1984] Ch 419 Re Bird Precision Bellows Ltd [1986] Ch 658 Dynasty Pty Ltd v Coombs [1995] FCA 610; 59 FCR 122 Martis Cork & Rajan Pty Ltd v Benjamin Corporation Pty Ltd [2004] FCAFC 153; 204 ALR 136
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 26
Date of hearing: 20 December 2021
Counsel for the Plaintiff: M Karam and A Reid
Solicitor for the Plaintiff: Bartier Perry
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