Asic v Fortescue Metals Group Ltd
| Jurisdiction | Australia Federal only |
| Neutral Citation | 2009-1223 FCA J,2011-0218 FCA A |
| Date | 2009 |
| Court | Federal Court |
-
- This document is available in original version only for vLex customers
View this document and try vLex for 7 days - TRY VLEX
- This document is available in original version only for vLex customers
27 cases
- Aldi Stores (A Ltd Partnership) v Eftpos Payments Australia Ltd
-
Australian Securities and Investments Commission v GetSwift Limited (Liability Hearing)
...upon common investors. This was explained in Australian Securities and Investments Commission (ASIC) v Fortescue Metals Group Ltd (No 5) [2009] FCA 1586; (2009) 264 ALR 201 (at 309 [521] per Gilmour J):The relevant influence is that bearing upon common investors, relevantly, “deciding wheth......
-
Termite Resources NL (in liq) v Meadows, in the matter of Termite Resources NL (in liq) (No 2)
...Flugge [2016] VSC 779; (2017) 342 ALR 1 Australian Securities and Investments Commission v Fortescue Metals Group Ltd [2011] FCAFC 19; (2011) 190 FCR 364 Australian Securities and Investments Commission v Lindberg [2012] VSC 332 Australian Securities and Investments Commission v Mariner Cor......
-
Australian Securities and Investments Commission v Select AFSL Pty Ltd (No 2)
...subsequently applying this decision, Gilmour J in Australian Securities and Investments Commission v Fortescue Metals Group Ltd (No 5) [2009] FCA 1586, (2009) 264 ALR 201 at 225 [100] Finally, in Rich, Austin J concluded at [458] that, having considered the reasoning in [Dyers v The Queen [......
Request a trial to view additional results
2 firm's commentaries
-
'Gatekeepers' to the board: regulators' changing expectations of general counsel
...Limited (In Liquidation) [2019] FCA 807, 31 Ma y 2019. 3 Australian Securities and Investments Commission v Fortescue Metals Group Ltd (2011) 190 FCR 364, 427 [197]; [2011] FCAFC 19 in which Keane CJ commented that disclosure compliance is not a business judgment matter but instead a questi......
-
Continuous Disclosure - What Duties do Directors Have?
...Footnotes 1 (2010) 274 ALR 85. 2 James hardie Industries NV v ASIC above at [527]. 3 ASIC v Fortescue Metals Group Ltd (no 5) [2009] FCA 1586. 4 ASIC v Fortescue Metals Group Ltd [2001] FCAFC 5 [2006] FCA 936 at [86]. The content of this article is intended to provide a general guide to the......
4 books & journal articles
-
A Step Too Far? Rethinking the Stepping Stone Approach to Officers’ Liability
...in Australia (2009) 19–50.2. ASIC v Cassimatis [No 8] (2016) 336 ALR 209, 217 [2] (Edelman J) (‘Cassimatis’).3. Ibid 217–18 [1]–[6].4. (2011) 190 FCR 364, 370 [10] (‘Fortescue’).5. Abe Herzberg and Helen Anderson, ‘Stepping Stones — From Corporate Fault to Directors’ PersonalCivil Liability......
-
Stepping Stones — from Corporate Fault to Directors' Personal Civil Liability
...205 ('Morley'); ASIC v Citrofresh International Ltd [No 2] (2010) 77 ACSR 69 ('Citrofresh [No 2]'); ASIC v Fortescue Metals Group Ltd (2011) 190 FCR 364 ('Fortescue Metals Group'). 3 The term 'stepping stone' stems from Keane CJ's description of ASIC's proceedings in Fortescue Metals Group ......
-
Realising the Public Potential of Corporate Law: Twenty Years of Civil Penalty Enforcement in Australia
...ACSR 1; ASIC v Maxwell (2006) 59 ACSR 373; ASIC v Citrofresh International [No 2] (2010) 77 ACSR 69; ASIC v Fortescue Metals Group Ltd (2011) 190 FCR 364. 89 Ibid, citing especially James Hardie Industries NV v ASIC (2010) 274 ALR 85; ASIC v Macdonald [No 11] (2009) 256 ALR 199; ASIC v Citr......
-
From Stepping-Stones to Throwing Stones: Officers’ Liability for Corporate Compliance Failures after Cassimatis
...turn, used asstepping-stones toward the conclusionthat [chief executive officer] Forr est contravened s 180 of the [CorporationsAct]’: (2011) 190 FCR 364 370 [10] (‘Fortescue Metals’).53. On appeal, the ma rket announcements were found n ot to have been misleading or dece ptive: Forrest v ......