Doolgunna vms, page-4

Here is an extract from the 'legal eagles' story.



Martin Bennett is 'silk' I think. I think that he advised and represented Kidman as the Defendant in its (unjustified) claim by Marindi. He has an excellent reputation! Represents whom??

Squire P B is MF's solicitor I'm sure.

The key point for me from this is whether or not Investmet has a permanent right to have a rep on the Board. There must be conditions that apply. For instance, and to take an extreme situation, if Investmet disposes of all of its shares then it could not insist upon a Board rep. Does it need to maintain a minimum number of shares?

What was the original deal? As I recall, the then Board invited Inv to nominate a rep in exchange for its initial investment (Sep 16??). "Invitation" implies that its the Board's prerogative, not only back then, but at all times. Now that Invetmet has lost control of the Board (or to put it another way, MF's mouthpiece has been booted off) then it can no longer dictate things in so far as having a rep on the Board. That's how I see it! Over to you Martin!!