29 Jun 2007
WORLDWIDE NZ LLC & ANOR V QPAM LIMITED & ORS HC AK CIV 2006-404-1827
- Citation
- openlaw-c145ecc7_d73e_44b3_948b_7a8372aabde6.pdf
- Court
- High Court
Jacobsen F.T. Pty Ltd is a proper party because it is a party to the unit trust deed, holds units affected by interpretation and valuation issues and may be bound by orders; Jacobsen Venue Management Pty Ltd is both a necessary and proper party because it is the registered holder of the disputed shares; plaintiffs have demonstrated a good arguable case against both entities on contract, valuation and s174 grounds; accordingly the appearances under protest are set aside and defendants must file defences.