Just one very minor problem with this
"actually they could have appealed. They had 20 days and missed it. The note you highlight refers to “decisions”. A suspension is an “enforcement action” and guidance note 1 in the enforcement rule book details the appeals process."
which is well explained by this > https://www.lawcouncil.asn.au/docs/87dc9e68-20b5-e611-80d2-005056be66b1/3147_-_Removal_of_appeal_rights_for_decisions_under_ASX_Listing_Rules.pdf
Where there is no right of appeal, there remain only the courts.
ISX are being entirely reasonable.
ASX look completely otherwise. Why remove the right of appeal? How will the court like that? (for practical as well as legal reasons)
So, ISX were denied the right to be heard before suspension, the right to know the accusation and the accuser, procedural fairness, due process and natural justice, and, to cap it off, have no recourse to appeal.
Yep, can really see everyone just sitting back and having a cold one to sort it all out whilst watching the cricket.
Of course this would end up court!
- Forums
- ASX - By Stock
- SP1
- Ann: Commences Federal Court Action against ASX
Ann: Commences Federal Court Action against ASX, page-349
-
- There are more pages in this discussion • 2,440 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)