CTHFCA
Eddy Lau Constructions Pty Ltd v Transdevelopment Enterprise Pty Ltd
[2020] FCA 635
Federal Court of Australia|2020-05-19|Before: Mr J, Jackson J
View original sourceAt a glance
Source factsCourt
Federal Court of Australia
Decision date
2020-05-19
Before
Mr J, Jackson J
Source
Original judgment source is linked above.
Judgment (5 paragraphs)
[1]
- Pursuant to s 1322(4)(a) of the Corporations Act 2001 (Cth) the court declares that any offer for sale, or sale, of any of the tranche of 57,375,000 fully paid ordinary shares in the plaintiff that were issued on 15 August 2019 (Shares) occurring in the period after their issue, is not invalid by reason of any contravention of s 707(3) or s 727(1) of the Corporations Act.
- Pursuant to s 1322(4)(c) of the Corporations Act, any person offering to sell or selling Shares is relieved from any civil liability arising out of any such contravention.
- As soon as reasonably practicable, the plaintiff must: (a) send a copy of these orders to each person to whom the Shares were issued; and (b) publish an announcement to the Australian Securities Exchange (ASX) in which a copy of these orders is included.
- A sealed copy of these orders must be served on the Australian Securities and Investments Commission (ASIC) as soon as reasonably practicable and upon service of these orders on ASIC, ASIC must include these orders on its database.
- For a period of 28 days from the date of publication of these orders on the ASX website, any person who claims to have suffered substantial injustice or who claims that they are likely to suffer substantial injustice by reason of the contraventions referred to above or the making of these orders may apply within that period to vary or to discharge the orders. Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.
[2]