NHC 4.26% $4.65 new hope corporation limited

Dear Carrmick ,Lets hope you new hope is fully justified. Her...

  1. 316 Posts.
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    Dear Carrmick ,Lets hope you new hope is fully justified. Her Honour states in Her judgment : "By special leave, Oakey appeals to this Court contending error in the failure to remit the proceedings for a rehearing on all issues. A question of general importance to which the appeal gives rise is whether considerations of utility justify not setting aside the findings of a tribunal which are acknowledged to be affected by an apprehension of bias."
    Based on Her Honour's summary of this case " Oakey seeks the High Court to order a rehearing on all issues"
    I don't know if EDO was acting probono but costs of this latest hearing were awarded against New Hope. ( a double hit for New Hope Shareholders )
    That will be more funds into the Oakey war chest.
    The worst case for New Hope is to have a rehearing "on all issues" and as a possible consequence the setting aside of the cost orders of earlier cases. Her Honour says that these costs orders against Oakey are over $736,000.
    Carrmick you might like to ponder Her Honour's statement : "Necessarily, any assessment of the merits of the appeal must be tentative, but as Justice Toohey observed in Webster v Lampard[5] it is hard to say that an appeal to this Court that has passed the scrutiny of section 35A of the Judiciary Act is without merit."
    If you ,on the other hand ,believe that this case is without merit you might like to contact Clayton Utz with your beliefs and supporting data.



 
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