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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Neve v LVMH Perfume & Cosmetics Group Pty Limited (Suppression Order) [2026] FCA 108
PRACTICE AND PROCEDURE – application for suppression and non-publication orders – where matter referred to mediation yet to occur – where non-parties sought access documents on the Court file – whether suppression and non-publication orders necessary to prevent prejudice to the proper administration of justice
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Australian Securities and Investments Commission v FIIG Securities Limited [2026] FCA 92
CORPORATIONS – Financial services licence – ASIC sought declaration under s 1317E(1) of the Corporations Act 2001 (Cth) (Corporations Act) in respect of admitted contraventions of s 912A of the Corporations Act – ASIC sought orders imposing a pecuniary penalty in an agreed sum – where defendant was subject to a cyber attack as a…
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First Class Securities Limited v Global Future Holdings Pty Ltd (Freezing Orders) [2026] FCA 48
PRACTICE AND PROCEDURE – application for freezing orders pursuant to r 7.32 of the Federal Court Rules 2011 (Cth) – where ex parte freezing orders and asset disclosure orders have been made against the respondents – whether applicant has established good arguable case, risk of undermining the Court’s processes – whether balance of convenience favours…
