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commercail law

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Issue:

Miscellaneous

 

Written by:

Alicia P

 

Date added:

December 15, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 1987

 

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5384 times

 

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Essay content:

The High Court held that the shareholder had the same rights as an unsecured creditor on the subsequent winding up of the company to lodge a claim against the company’s assets for the shares’ loss in value. In this case, the company’s alleged misconduct arose from a breach of its continuous disclosure obligations in failing to advise the ASX of changes in its operations that meant it could no longer operate as a going concern...
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The High Court held that the shareholder had the same rights as an unsecured creditor on the subsequent winding up of the company to lodge a claim against the company’s assets for the shares’ loss in value. In this case, the company’s alleged misconduct arose from a breach of its continuous disclosure obligations in failing to advise the ASX of changes in its operations that meant it could no longer operate as a going concern...
displayed 300 characters

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