NSW Caselaw
Reported Decision : 42 ACSR 354 (2002) 20 ACLC 1623
New South Wales Supreme Court
CITATION : Teh v Ramsay [2002] NSWSC 456 CURRENT JURISDICTION: Equity Division Corporations List FILE NUMBER(S) : SC 4135/01 HEARING DATE(S) : 21/05/02 JUDGMENT DATE : 24 May 2002
PARTIES : Lip Ten Teh - Plaintiff Ramsay Centauri Pty Limited - Defendant JUDGMENT OF : Barrett J
COUNSEL : Plaintiff in person Mr T.F. Bathurst QC - Defendant SOLICITORS : Plaintiff in person Blake Dawson Waldron- Defendant CATCHWORDS : CORPORATIONS - takeovers - compulsory acquisition by bidder after achieving 90% acceptance - application by non-accepting shareholder for order preventing compulsory acquisition - PROCEDURE - costs - whether costs should be awarded against shareholder unsuccessfully resisting compulsory acquisition Companies Act 1929 (Eng) Corporate Law Economic Reform Program Act 1999 (Cth) LEGISLATION CITED : Corporations Act 2001 (Cth) Evidence Act 1995 Foreign Acquisitions and Takeovers Act 1975 (Cth) Re Allied Queensland Coalfields Ltd; Super John Pty Ltd v Marsford Investments Pty Ltd (1997) 23 ACSR 427 Attorney-General v Walsh's Holdings Ltd [1973] VR 137 Brierley v Dextran Pty Ltd (1990) 3 ACSR 455 In re Bugle Press Ltd [1961] Ch 270 Capricorn Diamonds Investments Pty Ltd v Catto [2002] VSC 105 Re Deans [1986] 2 NZLR 271 Eddy v W R Carpenter Holdings Ltd (1985) 10 ACLR 316 Re Elders Australia Ltd; Super John Pty Ltd v Futuris Rural Ltd (1997) 25 ACSR 130 Elkington v Shell Australia Ltd (1992) 10 ACSR 568 Elkington v Shell Australia Ltd (1993) 32 NSWLR 11 Gambotto v Resolute Samantha Ltd (1995) 13 ACLC 1564 CASES CITED : Re Goodyear Australia Ltd; Kelly-Springfield Australia Pty Ltd v Green [2002] NSWSC 53 In re Hoare & Co Ltd (1933) 150 LT 374 Makita (Australia) Pty Ltd v Sprowles (2001) 52 NSWLR 705 Melcann Ltd v Super John Pty Ltd (1994) 13 ACLC 92 Mordecai v Mordecai (1988) 12 NSWLR 58 Pauls Ltd v Dwyer (2001) 19 ACLC 959 Re Rees' Application [1972] QWN 47 In re Sussex Brick Co Ltd [1961] Ch 289n Williams v United Dairies Ltd (1986) 10 ACLR 406 Winpar Holdings Ltd v Goldfields Kalgoorlie Ltd (2000) 34 ACSR 737; Winpar Holdings Ltd v Goldfields Kalgoorlie Ltd (2001) 40 ACSR 221 DECISION : Application dismissed
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