Australia Leading Case uncategorized

Webb Distributors (Aust) Pty Ltd v Victoria

[1993] HCA 61; (1993) 179 CLR 15

JurisdictionAustralia

CourtHigh Court of Australia

Year1993

StatusBinding authority

Key Principle

A member who subscribed for shares cannot, while the subscription contract subsists, prove in the company's winding up for damages for misrepresentation inducing the subscription; the rule in Houldsworth bars such claims, though claims under a separate contract may survive.

Area of Law

Related Cases

Miller v The Queen [2016] HCA 30; (2016) 259 CLR 380 (Miller v The Queen; Smith v The Queen; Presley v DPP (SA))

Vines v ASIC [2007] NSWCA 75; (2007) 73 NSWLR 451

Ringrow Pty Ltd v BP Australia Pty Ltd [2005] HCA 71; (2005) 224 CLR 656

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