Federal Court orders defendant to pay indemnity costs for misconduct
BAM Property Group Pty Ltd as trustee for BAM Property Trust v Imoda Group Holdings Pty Ltd (No.2)  FCA 2072
On 9 December 2019, the Federal Court ordered the unsuccessful defendants in a shareholder oppression action to pay the plaintiffs’ costs of the entire proceedings on an indemnity basis.
In this update, Andrew Moore and Stephen Morrissey explain why this decision provides a useful reminder of the Court’s broad discretion regarding costs and the severe consequences of wasting the court’s time and that of other parties.
Click below to read the full case alert.
This publication is intended to provide commentary and general information. It should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this publication. Persons listed may not be admitted in all states and territories.