12 Sept 2003
PERRY CORPORATION AND RICHARD C PERRY V ITHACA (CUSTODIANS) LIMITED And Ors CA CA43/03
- Citation
- openlaw-659aa395_c534_4e62_8891_05e03d0722fe.pdf
- Court
- Court of Appeal
The Court granted a partial stay allowing Perry Corporation to vote 24 million of the 36 million shares solely for the re‑election of two independent directors because the balance of interests and risk of irretrievable loss to corporate governance outweighed the unintended benefit to GPG; the test is whether a stay is in the interests of justice in light of the quasi‑public nature of the proceedings.