THE long - running bid by CI Resources Ltd for unlisted Christmas Island phosphate miner Phosphate Resources Ltd has hit a
major hurdle, failing to win Federal Court approval for its proposed
scheme of arrangement.
He was instructed for the preference shareholders in the Barings Litigation; Law Debenture Trust Corporation Plc v Elektrim Finance NV and Ors (termination
of trust bond under Saunders v Vautier rule); advised a
major rock group (Queen) on a shareholder dispute; been instructed in respect
of shareholder disputes in the Cayman Islands and the British Virgin Islands; recently advised on two separate
schemes of arrangement under s. 425
of the Companies Act; recently appeared in the Turks & Caicos Islands on multi-million dollar breach
of director's duties; acted in the US$ 3bn shareholder dispute between Telenor East and Vimpelcom and Altimo Group; acted for bank seeking to recover US$ 200m in VTB v Nutritek (Supreme Court judgment).