Medical Research & Compensation Foundation v Amaca Pty Ltd [2004] NSWSC 1227

Reported Decision : 51 ACSR 587

New South Wales Supreme Court

CITATION : Medical Research & Compensation Foundation v Amaca Pty Ltd [2004] NSWSC 1227 HEARING DATE(S) : 2/12/04 JUDGMENT DATE : 15 December 2004

JURISDICTION: Equity Division Corporations List JUDGMENT OF : Young CJ in Eq DECISION : Proceedings dismissed.

CATCHWORDS : CORPORATIONS [11]- Articles- Whether entrenched articles able to be replaced. CORPORATIONS [29]- Oppression- What constitutes conduct of affairs. WORDS & PHRASES- "Conduct". LEGISLATION CITED : Corporations Act 2001, ss 136, 232, 233, 461(1)(k), 462 Bailey v NSW Medical Defence Union Ltd (1995) 184 CLR 399 British Murac Syndicate Ltd v Alperton Rubber Co Ltd [1915] 2 Ch 186 Eltham Co-Operative Dairy Factory Co Ltd v Johnson [1931] NZLR 216 Fischer v Easthaven Ltd [1946] NSWR 261 Hadfield v Kawarra Chambers Pty Ltd (1991) 4 ACSR 225 Malleson v National Insurance and Guarantee Corporation [1894] 1 Ch 200 New South Wales Medical Defence Union Ltd v Crawford (1993) 31 NSWLR 469 O'Neill v Phillips [1999] 1 WLR 1092 (HL) Oswald v Bailey (1987) 11 NSWLR 715 CASES CITED : Peters' American Delicacy Co Ltd v Heath (1939) 61 CLR 457 Re Bright Pine Mills Pty Ltd [1969] VR 1002 Re Empire Building Ltd [1972] NZLR 683 and on appeal [1973] 1 NZLR 214 Re Saul D Harrison & Sons plc [1995] 1 BCLC 14 (CA) Re Spargos Mining NL (1990) 6 ACSR 1 Russell v Northern Bank Development Corporation [1992] BCLC 431 (CA (NI)); [1992] BCLC 1016; [1992] 1 WLR 588; [1992] 3 All ER 161 (HL) Scottish Co-Operative Wholesale Society Ltd v Meyer [1959] AC 324 Shindler v Northern Raincoat Co Ltd [1960] 1 WLR 1038 Southern Foundaries (1926) Ltd v Shirlaw [1940] AC 701 Sutherland v National Roads and Motorists' Association Ltd (2003) 47 ACSR 428 Walker v London Tramways Company (1879) 12 Ch D 705 Medical Research & Compensation Foundation (P1) MRCF (Investments) Pty Limited (P2) PARTIES : Amaca Pty Limited (D) The Court also heard from SW Gibb SC for the Attorney General; M A Wigney for ASIC; and T Bathurst QC and J Lockhart for James Hardie Industries NV FILE NUMBER(S) : SC 6538/04 COUNSEL : J T Gleeson SC and Ms L McCallum (P) SOLICITORS : Clayton Utz (P)