I’m still giving the ASX the benefit of the doubt so, in answering your question, I’ll lump for somewhere between clumsy and incompetent as opposed some dark conspiracy.
Regardless, I think Lewis is in for some uncomfortable time in the hands of ISX’s barrister.
Thinking about your post and the strength of ISX’s claims, I’m starting to wonder if the ASX might simply concede to the procedural fairness claims and spare themselves the embarrassment of having their defence and the judges reasoning shared with the public. If they actually have some evidence of wrong doing they may then lodge a counter claim to prevent the court ordering the reinstatement of trading. Naturally this is just my opinion.
if there are any lawyers reading i would appreciate their views on the plausibility of that scenario and how it might play out.
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