Ann: WPL: Senegal Reaffirms Completion of Transaction, page-107

Yes you are right Cujo the case I highlighted clearly states the right of PE exists, under Australian law, with a change of control or transfer whether directly or indirectly.

The Spar JOA defined a Change in Control as any direct or indirect change in the Control (i.e. the ownership, directly or indirectly or more than 50% of the voting rights) whether through a merger, sale of shares or other equity interests or otherwise.

COP owned it now WPL allegedly own it. Anyone who argues it's not a change of control would also argue That Erin The Gambia will continue to operate whilst it's parent company is bankrupt. DB