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FAI Insurance Ltd v Pioneer Concrete Services Ltd (1987) 15 NSWLR 552

This case considered the issue of equitable principle of clean hands and whether or not a rival company who announced a takeover bid could successfully set aside the target company’s allotment of shares or if their takeover announcement was a sham intended to prevent a successful allotment of those shares.

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FAI Insurance Ltd v Pioneer Concrete Services Ltd (1987) 15 NSWLR 552
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