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Ann: Demerger of European Businesses, page-341

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aes411

1,634 Posts.

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07/09/21

11:07

Post #: 55885602
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Originally posted by aes411: ↑

Hi @Shift35, the way I read the "NSX precedent" was that ASX was concerned that if ISX successfully sued them, it could set a precedent for subsequent lawsuits from other listed entities that believe they have been treated unfairly. And it's possible there's a significant number of them and it's just a matter of whether they want to go through the process and bear the costs. I came to that view because an entity listed on NSX (Pirate Fund) sued NSX in Federal Court. I could be wrong though; your view may be correct.

That's one of the reasons I was wondering if ASX may be willing to settle before trial. My understanding is if the case doesn't make it to trial any details can't be referenced in future cases. If ISX wins, future wins may be easier.

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Just to add: I don't know about this Fund, "Pirate Fund" was used in the media - not sure if that's the real name.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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