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law

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Issue:

English

 

Written by:

Brittany L

 

Date added:

October 19, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 489

 

Was viewed:

5181 times

 

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Essay content:

The company subsequently executed a deed of company arrangement arising from the voluntary administration that provided for distribution from the company’s assets to take place in the same order of priority as would apply if the company were being wound up. The relevant cause in that deed expressly incorporated s 563A, to rank payments to shareholders in their capacity as members behind of all other corporate debts and claims against the company...
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Alternatively, the shareholders claimed that, in consequence of the non-disclosure, he was a victim of misleading of deceptive conduct by the company, involving breaches of s 52 o the Australian Securities and Investments Commission Act 2001. The shareholder claimed to be entitled to compensation from the company for the difference between the purchase price of his shares and their value after the company went into voluntary administration, there were other shareholder with similar claims...
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