Archives for November 2014

Shareholder oppression – Victorian Supreme Court adopts pilot program to resolve oppression claims

On 1 October 2014 (Commencement), the Victorian Supreme Court commenced a pilot program to deal with applications under section 232 of the Corporations Act 2001 (Cth) (Act).  Practice Note No. 5 of 2014 (Practice Note) describes the new process for dealing with applications to Court seeking relief under section 233 of the Act.  The Practice Note states that the Court will operate a six (6) month pilot program (Program) to deal with oppression actions, for the stated aim of “just, efficient, timely and cost-effective resolution of the real issues in dispute”.

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FWC reports increase in number of claims

The Fair Work Commission (Commission) has released its annual report for 2013–14 announcing a slight increase in the number of applications received from last financial year.

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