How do you like your eggs? What happens when you successfully appeal a section 444GA (leave to transfer shares) order

Alistair Fleming, Fiona Schmedje and Lauren Bracewell of Clayton Utz summarises a recent Court of Appeal decision which found that if an order granting leave for the transfer of shares under section 444GA of the Corporations Act is set aside on appeal, there is scope to restore affected shareholders to their original position, either by ordering the return of the shares or compensation for the loss of their value.

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