Taipan Resources NL 11

Judgment date: 26/06/2001
Court: ATP
Judge: Dr Annabelle Bennett (P), Peter Cameron (DP) and Prof Ian Ramsay
Citation: [2001] ATP 16; BC200109065;
Catchwords: Corporations;  Takeovers;  Review of Panel decision;  Costs undertakings;  

Corporations;  Takeovers;  Bidder's financing arrangements;  Whether arrangements firm;  

Corporations;  Takeovers;  Funding from sale of surplus assets;  Whether disclosure adequate;  

Corporations;  Takeovers;  Form of supplementary disclosure;  Adequacy of disclosure concerning bidder;  

Corporations;  Takeovers;  Compliance with JORC Code;  Misinformed market;  

Corporations;  Takeovers;  Profit forecast by bidder;  Bidder's intentions concerning compulsory acquisition;  

Corporations;  Takeovers;  Bidder's intentions regarding call payment schedule for partly paid shares;  Sufficiency of consideration offered for partly paid shares;  

Corporations;  Takeovers;  Whether broker handling fee was collateral benefit;  Whether statutory condition on quotation meant bid was conditional;  

Corporations;  Takeovers;  Valuation of security offered as consideration;  Difference in security offered;  

Corporations;  Takeovers;  Written submissions;  Testing evidence;