Journal article

A RECONSIDERATION OF S 1324(10) OF THE CORPORATIONS ACT 2001 (CTH): DAMAGES IN LIEU OF AN INJUNCTION

Katy Barnett

Company and Securities Law Journal | LAWBOOK CO LTD | Published : 2018

Abstract

In light of the recent sad passing of Professor Robert Baxt, the time is opportune to raise an issue of particular interest to him: the operation of s 1324 of the Corporations Act 2001 (Cth) and, specifically, the interpretation of subs 10 which provides for damages in lieu of an injunction. Professor Baxt was a keen supporter of s 1324(10), as he conceived of it as an extra weapon in the armory of those who had been adversely affected by breaches of directors’ duties.

University of Melbourne Researchers