SP1 0.00% $1.07 southern cross payments ltd

Ann: AGM- Managing Director & CFO Report, page-31

  1. 1,298 Posts.
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    (sorry for format - writing on phone from a jumbled memory)
    I'm pretty sure I read on the Clayton ultz's website (CU) ,which someone kindly provided a link a couple of weeks ago. I saw court proceedings and some big legal cases involving CU. The court link showed the progress of this court case. Which is to reconvene a couple of months after both parties obtain the appropriate documentation that the justice requested including - ASX internal comms around ISX,OM chat, HC profile info, I think some ASIC material and other evidence in a well created net.

    There already has been a test case around listing rules vs commercial law (or something comparable) ... from memory, commercial law over arches listing rules was the outcome of that test case. My interpretation of this result- ASX cannot do what they want just because it's in their listing rules, commercial/ higher laws has to be followed.

    I think there is a good chance in this going to appeals court because the financial ramifications for the losing party.
 
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