8 Dec 2008
PARIS V HANOVER FINANCE LIMITED AND ORS HC AK CIV 2008-404-8139
- Citation
- openlaw-9f6fe5e6_4f8b_45e2_91ea_1355f321f0b0.pdf
- Court
- High Court
Application dismissed because (1) proper notice was given under Hanover Finance's trust deed so no serious question on notice; (2) no sufficiently serious question established on the Fair Trading Act, fiduciary duty or misrepresentation claims in respect of the Axis $40m contribution; and (3) the balance of convenience and interests of justice favored refusing relief since investors can move for adjournment at the meetings, substantial proxy voting had occurred, and court intervention would pre-empt the democratic decision of the investor body.