Asking for the other party’s legal advice is akin to asking an opposing country at war of their battle plans.
ASX have broad permissions under their listing rules to request documents, presumably including written legal advice.
There may be a couple of angles to this: - ASX would then be privy to their lawyer’s tactics. - ASX may also have presumed that ISX would not hand over their (confidential) advice, with ASX able to state that ISX haven’t met the requirements for relisting.
I personally am strongly against ISX handing over their legal advice.
It would be nice to hear a lawyer’s opinion on expectations around the confidentiality of legal advice, and how it may be viewed in court.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held
