3 Jul 2009
SHAWYER V THOW HC INV CIV-2009-425-000177
- Citation
- openlaw-9ae4cec6_be34_40ca_80dd_321c1a4b4b44.pdf
- Court
- High Court
On an objective assessment the defendant had no arguable defence under s9 FTA because there was no evidence vendor knew of the director's intention to refuse registration, both parties were or should have been aware of industry attitudes to cross-shareholding, and the executed contract only obliged the vendor to deliver an executed share transfer on payment; accordingly specific performance was ordered and defendant required to settle.