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Mar 14 2008

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Aconex shares row – another twist

From time to time, I have a quick look at the Federal Court of Australia website to see if the case of Hawthorn Glen Pty Ltd -v- Aconex Pty Ltd, Rob Phillpot and Leigh Jasper has been resolved. Regular readers will know that construction collaboration business Aconex and its MDs have been engaged in a protracted legal dispute with a major shareholder over a share issue (for ease of reference, I’ve added a short list of related posts below).

I was not expecting a judgement to be made for another month or two, and it now seems that the dispute could drag on even longer. The latest development has seen Hawthorn Glen file a notice of motion to reopen the case, and a hearing date has been set for 19 March.

Update (20 March): I understand that an interlocutory judgment prompted by the notice of motion is due to be delivered on 26 March.

Related posts:

Permanent link to this article: http://extranetevolution.com/2008/03/aconex-shares-r/

3 pings

  1. Projectcentre.net | Extranet Evolution

    […] Aconex, being active in the UK, obviously feature regularly in my thoughts (I believe their shareholder dispute may finally yield a judgement in the next month or so); I have written about Incite (here and […]

  2. Hawthorn Glen v Aconex – settled out of court | Extranet Evolution

    […] Aconex shares row – another twist (14  March 2008) […]

  3. Hawthorn Glen v Aconex – settled out of court | Extranet Evolution

    […] Aconex shares row – another twist (14  March 2008) […]

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