NSW Caselaw
Reported Decision : (2000) 35 ACSR 363 (2001) 19 ACLC 545
New South Wales Supreme Court
CITATION : Winpar Holdings Limited v Goldfields Kalgoorlie Limited [2000] NSWSC 855 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 3125/00 HEARING DATE(S) : 17/08/00 JUDGMENT DATE : 17 August 2000
In the matter of Goldfields Kalgoorlie Limited (ACN 009 712 092) and the Corporations Law PARTIES : Winpar Holdings Limited (ACN 003 035 523) (Plaintiff) Goldfields Kalgoorlie Limited (ACN 009 712 092) (Defendant) JUDGMENT OF : Santow J
COUNSEL : S Blanks (Sol.) (Plaintiff) M Oakes, SC (Defendant) SOLICITORS : Stephen Blanks & Associates (Plaintiff) Allen Allen & Hemsley (Defendant) CATCHWORDS : CORPORATIONS — Selective reductions of capital to acquire minority — Objectors allowed costs on similar principles to scheme of arrangement and now compulsory acquisition following conventional takeover — Preclusion of recovery where objection frivolous or time wasting. CLERP Act 1999. LEGISLATION CITED : Company Law Review Act 1998 Corporations Law s701; s664F(4) Re Allied Queensland Coalfields Ltd ASIC v DB Management [2000] HCA 7, 18 ACLC 166 Brierley v Dextran (1991) 9 ACLC 30 Cockle v Carlingford Nominees Ltd (1989) 4 NZCLC 65 CASES CITED : Elkington v Shell (1999) 32 NSWLR 11 Gambotto v Resolute Samantha (1995) 13 ACLC 1564 Re NRMA Limited (2000) 33 ACSR 595 Quatro Limited v Argo Investments & Ors (1999) 32 ACSR 480 Super John Pty Ltd v Marsford Investment Pte Ltd (1997) 23 ACSR 427 Williams v United Dairies (1986) 4 ACLC 275 DECISION : Defendant to pay costs of Plaintiff, the unsuccessful objector.
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