NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of Clime Capital Limited [2019] NSWSC 1479 Hearing dates: 9 August 2019 Date of orders: 09 August 2019 Decision date: 09 August 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made for extending time for compliance with s 625(3)(c)(i) of the Corporations Act 2001 (Cth). Catchwords: CORPORATIONS – take-over offers – off-market bid – application for extension of time for compliance with s 625(3)(c)(i) of the Corporations Act 2001 (Cth) – where transaction timetable specified time for lodgement of application for quotation of additional securities as within 7 days of commencement of offer period – where time specified for lodgement of application should have been within 7 days of commencement of bid period – whether extension of time sought should be granted. Legislation Cited: - Corporations Act 2001 (Cth) Ch 6; ss 625(3), 625(3)(c), 625(3)(c)(i), 659B, 1322, 1325A, 1325A(2), 1325D Cases Cited: - Dourado Resources Ltd v Aurium Resources Ltd [2010] FCA 1208 - FE Limited v Padbury Mining Ltd [2010] FCA 1207 - Re Activistic Ltd [2016] FCA 1520 - Re Graincorp Ltd [2008] FCA 996 - Re Venturex Resources Ltd (2009) 72 ACSR 358 Category: Principal judgment Parties: Clime Capital Limited (Plaintiff) Representation: Counsel: C Tam/T Rogan (Plaintiff)
Solicitors: Watson Mangioni Lawyers (Plaintiff) File Number(s): 2019/247499
Judgment – ex tempore (revised 13 august 2019)
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