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Title: law

Essay Details:

Subject: English
Author: Steve M
Date: January 5, 2014
Level: University
Grade: B
Length: 2 / 489

Essay text:

The company subsequently executed a deed of company arrangement arising from the voluntary administration that provided for distribution from the company’s assets to take place in the same order of priority as would apply if the company were being wound up. The relevant cause in that deed expressly incorporated s 563A, to rank payments to shareholders in their capacity as members behind of all other corporate debts and claims against the company. The shareholder commenced an action against the company, claiming that at the time of his share purchase the company was in breach of the continuous disclosure requirements, in that the company had failed to notify the ASX that it’s gold reserve were insufficient to meet its gold delivery contracts and therefore it could not continue as going concern...

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