Dolby Australia v Catto [2004] NSWSC 1196

Reported Decision : 52 ACSR 204

New South Wales Supreme Court

CITATION : Dolby Australia v Catto [2004] NSWSC 1196 HEARING DATE(S) : 6/12/04 - 8/12/04 JUDGMENT DATE : 7 December 2004 JURISDICTION: Equity JUDGMENT OF : Campbell J DECISION : Evidence rejected

CATCHWORDS : CORPORATIONS - take-over offers - compulsory acquisition of minority shareholdings - plaintiff seeks to have court approve acquisition pursuant to notice given under section 664C Corporations Act 2001 (Cth) - time at which evaluation under section 667C Corporations Act 2001 is required to take place for purpose of court deciding whether value offered is a fair valuation - whether time of notice pursuant to section 664C Corporations Act 2001 appropriate time - whether events occuring after date of notice capable of being used to determine what value was at date of notice LEGISLATION CITED : Corporations Act 2001 (Cth) Evidence Act 1995 Australian Securities Commission v Marlborough Gold Mines Limited (1993) 177 CLR 485 Austrim Nylex Ltd v Kroll (No. 2) (2002) 42 ACSR 18 CASES CITED : Bromley Investments Pty Ltd (ACN 001 109 628) v Elkington (2003) 47 ACSR 273 Capricorn Diamonds Investment Pty Ltd v Catto (2002) 5 VR 61 Teh v Ramsay Centauri Pty Ltd (2002) 42 ACSR 354 PARTIES : Dolby Australia Pty Ltd - Plaintiff Robert John Charles Catto - Defendant FILE NUMBER(S) : SC 5494/04 COUNSEL : T F Bathurst QC; A S Bell - Plaintiff In person - Defendant SOLICITORS : Mallesons Stephen Jaques - Plaintiff In person - Defendant