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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Fortrend Securities Pty Ltd v Wollermann [2026] FCA 290
CORPORATIONS – applications for review under s 35A(5) of the Federal Court of Australia Act 1976 (Cth) of Registrar’s orders to set aside statutory demands under ss 459G and 459J(1)(b) of the Corporations Act 2001 (Cth) – whether there is some other reason why statutory demands should be set aside – where appeals on offsetting…
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Australian Securities and Investments Commission v Bekier (Liability Judgment) [2026] FCA 196
CORPORATIONS – where ASIC commenced civil penalty proceedings against eleven members of the executive team and board of Star Entertainment Group Limited (Star) in respect of alleged contraventions during dealings with junkets and the Group’s principal banker CORPORATIONS – whether directors and officers of Star contravened s 180(1) of the Corporations Act 2001 (Cth) by…
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DC Rd DC Pty Ltd v Zhang (No 6) [2026] FCA 189
CORPORATIONS – where trial judgment found constructive trust over property – where trial judgment found equitable charge over property – whether sale should be ordered – unless mortgagees raise reasonable and sufficient grounds to the contrary – where sale would enable applicants to enforce their rights without prejudicing the interests of registered mortgagees – sale…
