CORPORATIONS – application for compulsory acquisition of residual ordinary shares of Carawine Resources Limited – where the applicant is the “90% holder” of the relevant class of securities – where the applicant’s compliance with Division 1 of Part 6A.2 of the Corporations Act 2001 (Cth) (the Act) is irregular in part – whether appropriate to remediate such irregularities pursuant to s 1322 of the Act – where the applicant lodged a compulsory acquisition notice with the Australian Securities & Investments Commission on 21 March 2024 – where the notice relies upon the opinion expressed in an expert’s report dated 26 February 2024 – whether expert’s report inconsistent with the Act or otherwise deficient – whether applicant has established that the terms set out in the compulsory acquisition notice give a “fair value” for the relevant securities – application granted – costs reserved
Recent cases about acquisitions
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Fair Work Ombudsman v Mai [2025] FCA 421
INDUSTRIAL LAW – determination of appropriate pecuniary penalties for contraventions and serious contraventions of multiple provisions of Fair Work Act 2009 (Cth) by couple running small business – where manager of business involved in contraventions – whether several obligations to pay overtime imposed by single term of award such that contraventions relating to failure to pay…
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One Tree Agriculture Pty Ltd v Lye [2025] FCA 126
CORPORATIONS – directors – appointment and resignation – application to fix date of resignation – delay in filing notice of resignation – whether applicant established date on which they stopped being a director – whether just and equitable to fix date of resignation after ASIC register had been relied on by third party –…
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Australian Securities and Investments Commission v Hawkins [2025] FCA 121
CORPORATIONS – officer’s duties under s 180(1) of the Corporations Act 2001 (Cth) – civil penalties – disqualification from managing corporations – where ASIC commenced civil penalty proceedings against eleven members of the executive team and board of the Star Entertainment Group Ltd in respect of alleged contraventions in the course of dealings with junkets…
