NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of Weebit Nano Limited [2023] NSWSC 43 Hearing dates: 2 February 2023 Date of orders: 2 February 2023 Decision date: 02 February 2023 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made extending the period for issuing cleansing notice and associated relief granted. Catchwords: CORPORATIONS LAW — Securities — Application for orders extending the period for issuing cleansing notices under s 708A of the Corporations Act 2001 (Cth) — Securities issued without valid cleansing notice — Where failure to issue cleansing notice was an honest and inadvertent error — Other orders made under s 1322 of the Corporations Act 2001 (Cth). Legislation Cited: - Corporations Act 2001 (Cth), ss 707, 708, 708A, 708AA, 727, 1322 - Treasury Laws Amendment (Cost of Living Support and Other Measures) Act 2022 (Cth) Cases Cited: - Re Airtasker Ltd [2021] NSWSC 629 - Re Andex Ltd [2020] WASC 298 - Re Austpac Resources NL [2010] NSWSC 1448 - Re iCandy Interactive Limited [2018] FCA 533 - Re Golden Gate Petroleum Ltd [2010] FCA 40 - Re Kollakorn Corporation Limited [2020] NSWSC 1549 - Re Pilbara Minerals Ltd [2021] WASC 330 - Re Recce Pharmaceuticals Ltd [2021] NSWSC 1316 Category: Principal judgment Parties: Weebit Nano Limited (Plaintiff) Representation: Counsel: J Williams SC/H Atkin
Solicitors: King & Wood Mallesons File Number(s): 2023/28061
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