Coeur De Lion Investments Pty Limited v The President's Club Limited [2020] FCA 462

Coeur De Lion Investments Pty Limited v The President's Club Limited [2020] FCA 462

The application was dismissed; the questions in issue were addressed in the reasons published in Coeur De Lion Investments Pty Limited v The President's Club Limited [2020] FCA 456, which were to be read with these reasons.

Jurisdiction
Australia
Judgment Date
07 April 2020
Procedural Posture
Application to Restrain the Respondents From Conducting or Taking Steps in Connection With a General Meeting of Shareholders of the First Respondent Pursuant to S 260 B of the Corporations Act 2001 (cth) / Judgment and Orders on Urgent Application
Outcome
Application dismissed.
Legal Topics
['shareholder Meeting' 'shareholder Approval' 'levies' 'representative Proceeding Funding' 'injunctive Restraint']
['corporations'] ['shareholder Meeting' 'shareholder Approval' 'levies' 'representative Proceeding Funding' 'injunctive Restraint']

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Procedural Posture

Application to Restrain the Respondents From Conducting or Taking Steps in Connection With a General Meeting of Shareholders of the First Respondent Pursuant to S 260 B of the Corporations Act 2001 (cth) / Judgment and Orders on Urgent Application

Legal Issues

  1. 1 ['Whether the respondents should be restrained from taking further steps in connection with giving notice of, calling or holding a general meeting of shareholders of the first respondent pursuant to s 260B of the Corporations Act 2001 (Cth).' 'Whether the respondents should be required to revoke any notice given to shareholders of the first respondent or to the Australian Securities and Investments Commission in connection with the proposed meeting.']

Ratio Decidendi

The application was dismissed; the questions in issue were addressed in the reasons published in Coeur De Lion Investments Pty Limited v The President's Club Limited [2020] FCA 456, which were to be read with these reasons.

Court Disposition

Application dismissed.

Orders

  • ['The application is dismissed.' 'The costs of and incidental to the application are reserved for later determination.' 'Pursuant to s 23 and s 37P of the Federal Court of Australia Act 1976 (Cth), rule 1.32 and rule 1.36 of the Federal Court Rules 2011, these orders and the reasons for judgment in support of these...