26 Oct 2006
DOMINION INCOME PROPERTY FUND LIMITED AND ORS V TAKEOVERS PANEL CA CA229/06
- Citation
- openlaw-1e5864e6_af5c_4d80_b6a9_5170f1fa18c8.pdf
- Court
- Court of Appeal
Stevens J erred in varying the initial order to impose an absolute majority voting threshold and related procedural changes; the Court reinstated the original initial orders made by Asher J because s236 and related practice support conducting approval by reference to meetings or their functional equivalents and the Court should not depart from usual practice absent compelling evidence; the Panel had arguable standing but that alone did not justify the altered voting threshold imposed by Stevens J.