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Topic: English
Number of pages / Number of words: 2 / 489
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At issue were:

  • The question of which shareholder claims in an external administration come within, and which fall outside, s563A
  • The consequences for shareholder claims that are not restricted by s563A

Some aspects of the decision are also relevant to shareholder claims that do fall within s563A...

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Sons of the Gwalia Ltd was a gold mining company listed on the Australian Stock Exchange (ASX). The plaintiff shareholder purchased shares in the company on the ASX. Shortly thereafter, the company went into voluntary administration and the value of the shares held by the shareholders was reduced to nil...

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General points of the essay

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