The High Court of Australia has announced - see here (pdf) - that it will give judgment tomorrow in Beck v Weinstock (on appeal from [2011] NSWCA 228) and Weinstock v Beck (on appeal from [2012] NSWCA 76). The first case concerned, amongst other things, the question whether it was necessary, in order for the issue of redeemable shares to be valid, for other shares to exist at the time of the issue over which a preference would be enjoyed. Amongst the matters for consideration in the second case was the scope of the power conferred on the court by section 1322(4) of the Corporations Act 2001.
Update (1 May 2013) - find the judgments here.
Tuesday, 30 April 2013
Australia: judgment in Weinstock cases due tomorrow
The High Court of Australia has announced - see here (pdf) - that it will give judgment tomorrow in Beck v Weinstock (on appeal from [2011] NSWCA 228) and Weinstock v Beck (on appeal from [2012] NSWCA 76). The first case concerned, amongst other things, the question whether it was necessary, in order for the issue of redeemable shares to be valid, for other shares to exist at the time of the issue over which a preference would be enjoyed. Amongst the matters for consideration in the second case was the scope of the power conferred on the court by section 1322(4) of the Corporations Act 2001.
Update (1 May 2013) - find the judgments here.
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