I have previously written an article, as well as a number of posts, discussing the Full Federal Court of Australia’s important decision earlier this year in Grimaldi v Chameleon Mining NL (No 2) [2012] FCAFC 6.
Today the High Court of Australia denied special leave to appeal to Mr Grimaldi. The transcript is not yet available online, but I will post an update when it is and I have had a chance to review it.
In the meantime, my article is here and my earlier posts are here (fact overview and list of issues addressed in judgment), here (de facto directors and officers) and here (synopsis of my article mentioned above). In the article itself I review the judgment and discusses some of the key issues of equity law which arose in this important decision, including such issues as Barnes v Addy, secret commissions/bribes, directors’ fiduciary duties and equitable remedies.
**Update: The grounds upon which the High Court denied Mr Grimaldi special leave to appeal are summarised in my subsequent post here.
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