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\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 N THE SUPREME COURT, FIJI ISLANDS
\par AT SUVA
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 CIVIL APPEAL NO: CBV0002 OF 2003S
\par (Fiji Court of Appeal Civil Action No. ABU0044 of 2002S}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 )
\par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 BETWEEN:}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 WASAWASA FISHERIES LIMITED}{
\b\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid16131251 
\par }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 Petitioner
\par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 
\par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 AND:
\par }\pard \qj \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 
\par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 COMPETITIVE FOODS AUSTRALIA LIMITED
\par }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 Respondent
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 
\par Coram:}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Hon. Justice Daniel V. Fatiaki, President of Supreme Court
\par Hon. Justice Keith Mason, Judge of Supreme Court
\par Hon. Justice Mark S. Weinberg, Judge of Supreme Court
\par }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 
\par Hearing:}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Monday, 17}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 th}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  May 2004, Suva
\par 
\par }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 Counsel:}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Mr. C.B. Young for the Petitioner
\par Mr. R.A. Smith for the Respondent 
\par 
\par }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 Date of Judgment: }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Friday,}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 21}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 st}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  May 2004, Suva
\par 
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\par }\pard \ql \li0\ri0\nowidctlpar\brdrb\brdrs\brdrw30\brsp20 \aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
This is a petition for special leave to appeal from a judgment of the Court of Appeal delivered on 11\~April 2003.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
By that judgment, the Court of Appeal dismissed an appeal against the decision of Pathik\~J, in the High Court at Suva, ordering that the name of a company, Fresh Fish Exporters (Fiji) Limited (\'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Fresh Fish}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94) be restored to the register of companies, and that s\~340(6) of the }{
\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Companies Act}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  (Cap 247) be complied with by all concerned.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The principal grounds on which the petition is ba}{
\lang2057\langfe1033\langnp2057\insrsid16131251 sed are essentially as follows:}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 (a)\tab}}\pard\plain 
\ql \fi-720\li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin1440\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 that Pathik\~
J erred in fact and in law in finding that Competitive Foods Australia Limited (\'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Competitive Foods}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
), the respondent to this petition, was a \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 member}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 or \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 creditor}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 of Fresh Fish within the meaning of those terms in s\~340(6);}{\lang2057\langfe1033\langnp2057\insrsid8987634 

\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 (b)\tab}}\pard \ql \fi-720\li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin1440\itap0\pararsid16131251 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 that Pathik J erred in finding that Fresh Fish was at the time that it was struck off the register,}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 carrying on business or in operation}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 , or that it was}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 otherwise \'85
 just that the company be restored to the register}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 ; and}{\lang2057\langfe1033\langnp2057\insrsid8987634 
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\par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 (c)\tab}}\pard \ql \fi-720\li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin1440\itap0\pararsid16131251 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 that Pathik J erred in the exercise of his discretion by ordering that Fresh Fish be restored to the register when there was no evidence sufficient to warrant adopting that course.
\par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Background Facts
\par }\pard\plain \s15\ql \li-720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Fresh Fish was incorporated as a company limited by shares on 6\~
September 1988.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa Fisheries Limited (\'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94) held shares in that company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In its capacity as
 a shareholder, it resolved to issue shares to Competitive Foods.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The shares were issued on 31\~March 1989.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Subsequently, and by letter dated 5\~June 1989, the Reserve Bank of Fiji, acting pursuant to the }{
\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Exchange Control Act}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  (Cap 211), purported to give p
ermission for the shares to issue to Competitive Foods, subject to certain conditions.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Because Competitive Foods was incorporated in Australia, and was therefore resident outside Fiji, permission was required from the Minister in order for shares to be issued to that company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Section 10(1) of the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Exchange Control Act}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  provides:}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \s19\ql \li737\ri737\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid16131251 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'93
Except with the permission of the Minister, no person shall in Fiji issue any security or, whether in Fiji or elsewhere, issue any security which is registered or to be registered in Fiji, unless the following requirements are fulfilled, that is to say:- 

\par }\pard\plain \ql \li0\ri720\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\listtext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 (a)\tab}}\pard 
\ql \fi-720\li1440\ri1440\nowidctlpar\aspalpha\aspnum\faauto\ls16\adjustright\rin1440\lin1440\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
neither the person to whom the security is to be issued nor the person, if any, for whom he is to be a nominee is resident outside Fiji; and
\par }\pard \ql \li0\ri720\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\listtext\pard\plain\b\i\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 (b)\tab}}\pard 
\ql \fi-720\li1440\ri1440\nowidctlpar\aspalpha\aspnum\faauto\ls16\adjustright\rin1440\lin1440\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
the prescribed evidence is produced to the person issuing the security as to the residence of the person to whom it is to be issued and that of the person, if any, for whom he is to be a nominee.\'94
\par }\pard \ql \li0\ri720\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
For reasons that are not apparent, the permission of the Minister was neither sought, nor obtained, prior to shares being issued to Competitive Foods.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero v Bianco }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
[1998] FJCA 58 (Unreported, 7 October, 1998), the Court of Appeal held that any permission granted after the issue of shares in contravention of s 10(1) did not retrospectively validate an initial unlawful issuance of such shares.}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It was necessary, therefore, in order to validate the issue of the shares, to obtain a certificate of validation pursuant to s 20(2) of the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Exchange Control Act}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 That subsection provides:
\par }\pard\plain \ql \li0\ri180\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin180\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \ql \li720\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin720\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'93
Without prejudice to the provisions of subsection (1), the Minist
er may issue a certificate declaring, in relation to a security, that any acts done before the issue of the certificate purporting to effect the issue or transfer of the security, being acts which were prohibited by this Act, are to be, and are always to 
have been, as valid as if they had been done with the permission of the competent authority, and the said acts shall have effect accordingly.\'94
\par }\pard \ql \li0\ri180\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin180\lin0\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 On 5\~
May 1999, Competitive Foods, by its solicitors, applied for a validation certificate from the Reserve Bank, to which the Minister had delegated his power under s\~20(2).}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 On\~29 July 1999, the Reserve Bank purported to issue such a certificate.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
However, as will become apparent, Wasawasa had earlier, on 18\~March 1999, \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 renounced}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
 any agreement that it may have had with Competitive Foods under which shares would issue to that company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It had advised Competitive Foods of that decision.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 On 13\~
June 2000, the Registrar of Companies removed Fresh Fish from the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 That meant that the company effectively ceased to exist.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It was that act, on the part of the Registrar, that led to the application by Competitive Foods to have Fresh Fish reinstated.}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li0\ri180\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin180\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Petition for Reinstatement}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard\plain \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 On 17\~
May 2001, Competitive Foods filed a petition in the High Court seeking to have Fresh Fish restored to the register, pursuant to s\~340(6) of the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Companies Act}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It claimed to be entitled to make that application on the basis that it was either a \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 member}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 or \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 creditor}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 of that company.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Section\~340(6) provides:}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li720\ri1260\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1260\lin720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'93If a company or
 any member or creditor thereof feels aggrieved by the company having been struck off the register, the court, on an application made by the company or member or creditor before the expiration of 10 years from the publication in the Gazette of the notice 
a
foresaid, may, if satisfied that the company was, at the time of the striking off, carrying on business or in operation, or otherwise that it is just that the company be restored to the register, order the name of the company to be restored to the registe
r
 and, upon a certified copy of the order being delivered to the registrar, for registration, the company shall be deemed to have continued in existence as if its name had not been struck off; and the court may, by the order, give such directions and make 
such provisions as seem just for placing the company and all other persons in the same position as nearly as may be as if the name of the company had not been struck off.\'94
\par }\pard \ql \li0\ri720\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The petition filed by Competitive Foods seeking reinstatement of Fresh Fish to the register set out in some detail the basis upon which that order was sought.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It stated that in April 1989, there had been an extraordinary general meeting of the then shareholders of Fresh Fish, namely Grahame Southwick and Margaret Southwick.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The meeting resolved that Fresh Fish should issue 734,998 \'93A\'94 class, and 10,000 \'93B\'94 class, shares.}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The \'93A\'94
 class shares would carry one vote per share, together with certain dividend and return of capital rights.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The shares were fully paid and would be allotted as follows:
\par }\pard\plain \ql \li0\ri720\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \ql \li720\ri720\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin720\lin720\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa Fisheries Ltd\tab }{
\b\lang2057\langfe1033\langnp2057\insrsid16131251 \tab }{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 234,998 \tab shares
\par Competitive Foods Aust Ltd\tab 375,000\tab shares
\par Gabridde Pty Ltd\tab }{\b\lang2057\langfe1033\langnp2057\insrsid16131251 \tab \tab }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 125,000}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \tab shares
\par }\pard \ql \fi720\li3600\ri720\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin720\lin3600\itap0\pararsid16131251 {\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 734,998}{
\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \tab shares
\par }\pard \ql \li0\ri720\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The meeting also approved the transfer by Grahame and Margaret Southwick of two shares to Wasawasa bringing its total holding to 235,000.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
At that point, the records of the company listed Competitive Foods as holding just over 51% of the voting shares of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Indeed, shortly thereafter, Competitive Foods received a certificate under the common seal of Fresh Fish certifying that it held 375,000 voting shares in that company.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The petition for reinstatement stated that Competitive Foods was aggrieved by the fact that Fresh Fish had been struck off the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It claimed that it would be just and equitable for that company to be restored to the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It undertook to ensure that any statutory obligations that Fresh Fish might be required to meet would be discharged in the event that the company was reinstated.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li0\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Case in Favour of Reinstatement
\par }\pard\plain \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 15\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Competitive Foods submitted before Pathik J, and before the Court of Appeal, that the issues raised in this proceeding had to be viewed against the background of a long history of disputation and litigation between the parties.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Fresh Fish had succeeded on no fewer than three occasions against Wasawasa in proceedings brought before the Court.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 See generally }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Fresh Fish Exporters (Fiji) Ltd v Wasawasa Fi
sheries Limited }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Admiralty Action No.\~4 of 1992,}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Fresh Fish Exporters (Fiji) Ltd v Wasawasa Fisheries Limited}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Civil Appeal No. ABU0017U/96S in the Court of Appeal, and }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa Fisheries Limited v Fresh Fish Exporters (Fiji) Ltd}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Civil Appeal No. CBV0007/98S in the Supreme Court.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 16\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Following the dismissal of Wasawasa\rquote 
s appeal by the Supreme Court, Fresh Fish began proceedings to enforce the earlier judgment of the Court of Appeal in its favour.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Supreme Court published its judgment on 10\~March 1999.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 However, as previously noted, on 18\~
March 1999, just over a week later, Grahame Southwick wrote to Competitive Foods, on Fresh Food\rquote s letterhead, purporting to \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 renounce}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 any agreement on the part of Fresh Fish to sell or issue 375,000 \'93A\'94 class shares.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Enclosed with that letter were what purported to be \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 minutes}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 of a meeting of shareholders of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The minutes recorded that the company\rquote s agreement to issue shares to Competitive Foods, and to its other non-resident shareholders, had been \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 renounced}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Competitive Foods claimed that this action represented a \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 last ditch}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
 attempt by Grahame Southwick to defeat the various judgments that had previously been given against Wasawasa.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 17\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
As a result of the ongoing dispute between Fresh Fish and Wasawasa, the affairs of Fresh Fish had fallen into disarray.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
No annual general meetings were held after 1991.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Nor were any annual returns filed.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Eventually, in accordance with normal practice, the Registrar of Companies gave notice, in the Fiji Government Gazette of 12\~
March 2000, of his intention to remove the name of Fresh Fish from the register unless good cause could be shown as to why that should not happen.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 18\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Competitive Foods did not learn of the Registrar\rquote 
s intention until late May 2000.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The three-month period of notice that the Registrar had been obliged to provide was then about two weeks from expiry.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
There was little that could be done in the remaining period to prevent the company\rquote s name from being removed from the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
There was not enough time to arrange for any meeting of the company\rquote s shareholders, or to take steps to arrange for the company to file returns.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Eventually, as noted earlier, the name of Fresh Fish was removed from the register with the effect that the company was dissolved.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 19\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Although Fresh Fish was in considerable disarray by reason of the matters mentioned above, Competitive Foods argued that it was still operational.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It was entitled to, and was in the process of, levying execution against Wasawasa upon the judgment handed down by the Court of Appeal on 29 May 1998, and later affirmed by the Supreme Court.}
{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 That judgment, which was for the return of a boat, was said to be worth not less than $500,000.00.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Competitive Foods also claimed that Fresh Fish had assets that exceeded that amount.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 20\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Competitive Foods claimed that by reason of the shares that had been allotted to it in 1989 it was a shareholder, and therefore a member, of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It claimed in the alternative that it was a creditor of that company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It said that Fresh Fish owed it an amount of not less than $92,544.00, and that the existence of this debt was confirmed by the fact that it was recorded in the audited accounts of Fresh Fish to 30 June 1991.}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 21\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Competitive Foods next claimed that there was ample evidence to support the conclusion reached by Pathik J that it was just that Fresh Fish be restored to the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The only entity likely to be adversely affected by that order was Wasawasa.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It was difficult to see how it could be other than \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 just}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
 for that company to be subject to enforcement proceedings in relation to a substantial judgment debt.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li0\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Case against Reinstatement
\par }\pard\plain \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 22\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The principal complaint made by Wasawasa against the jud
gment of Pathik J was that his Lordship had failed to address the arguments that it had advanced in opposition to the application to have Fresh Fish reinstated to the register.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 23\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Wasawasa submitted that before Competitive Foods could succeed in its applic
ation for reinstatement, it had to demonstrate that it was either a member or a creditor of Fresh Fish as at 13 June 2000, the date on which that company was struck off the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In addition, Competitive Foods had to establish either that Fresh Fish was \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 carrying on business or in operation}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 or that it was \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 otherwise just}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  that it be restored to the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 24\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Wasawasa submitted that it was clear that Competitive Foods had not been a shareholder in Fresh Fish prior to 29\~July 1999, which was the date on which the Reserve Bank purported to issue a certificate pursuant to s\~20(2) of the }{
\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Exchange Control Act}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It relied upon }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero v Bianco}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
 as support for that proposition.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 25\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Wasawasa then submitted that the validation by the Reserve Bank had come too late to render Competitive Foods a shareholder in Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
That was because the meeting held on 18\~March 1999, in which the shareholders of Fresh Fish purported to \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 renounce}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\'94 the agreement to issue the 375,000 \'93A\'94 class shares to Competitive Foods, predated the action by the Reserve Bank.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The decision on that date by the shareholders to terminate that agreement was taken on the basis that the Reserve Bank had not, by that stage, given permission for the shares to be issued.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In addition, it was submitted that the shares should not be issued because they had not been paid for.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It was contended that both Competitive Foods and another company called Gabridde to which shares had been issued had, by their conduct, made it clear that they were not prepared
 to pay for them in full.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Accordingly, so it was submitted, Competitive Foods had never been a shareholder, and therefore had no standing to petition the Court to have Fresh Fish restored to the register on that basis.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 26\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa then submitted that it w
as equally clear that Competitive Foods was not, as at 13\~June 2000, a creditor of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
By that date, any claim that it may have had against Fresh Fish involving a sum of $92,544.00, or any other sum, was statute barred.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 27\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 As regards whether Fresh Fish was \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 carrying on business or in operation}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94, Wasawasa submitted that there was simply no evidence to support that conclusion.}
{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa noted that Mr\~Southwick gave uncontradicted evidence that after his employment with Fresh Fish terminated in March 
1992, the business and operation of that company came to an end. 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 28\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Wasawasa submitted that even if Fresh Fish had begun the process of levying execution against it, once the Supreme Court judgment had been delivered, such conduct did not amount to carrying on business, or being in operation.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 And even if it did, there was no evidence that the process was still taking place as at 13\~June 2000.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 29\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Finally, Wasawasa submitted that Competitive Foods had the onus of placing before the Court sufficient material to enable it properly to assess the justice of the case.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 According to Wasawasa, Pathik\~J had concluded that it was \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 otherwise just}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 to reinstate Fresh Fish without any evidence having been placed before him to explain why that company had not filed any annual returns since 1991 or why, given the company\rquote 
s history, it would be just to restore it to the register.
\par }\pard\plain \ql \li0\ri720\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Judgment of the Court of Appeal
\par }\pard\plain \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 30\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Th
e Court of Appeal dealt with each of these contentions in a judgment that was detailed and comprehensive.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 31\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Court began by noting that s\~
340(6) had to be read in conjunction with ss\~340(1)\~\endash  (5).}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Those provisions set out in detail the procedures that
 had to be followed before the registrar could strike a company off the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 32\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Court of Appeal then referred to s\~
341, which provides that where a company is dissolved, all property and rights vested in that company prior to its dissolution shall, subject and without prejudice to any order which may at any time, be made by the Court under s\~
340, be deemed to be bona vacantia, and accordingly belong to the State.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Section\~
341 was said to demonstrate that the legislature intended that orders under s\~340(6) were to override the divesting effect that s\~341 would otherwise have.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 33\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal then set out its understanding of the ingredients for a successful application under s\~340(6).}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It said that an applicant for relief under that subsection had to satisfy the Court of at least two matters.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 These were:}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 1.\tab}}\pard\plain 
\ql \fi-709\li1418\ri720\nowidctlpar\aspalpha\aspnum\faauto\ls17\adjustright\rin720\lin1418\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
that the applicant was the company, or a member or creditor of the company; and
\par {\listtext\pard\plain\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 2.\tab}that at the time the company was struck off the register, it was carrying on business or in operation }{
\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 or }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 that it was otherwise just that the company be restored to the register.
\par }\pard \ql \li0\ri720\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 34\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It was noted that if at least one of the matters in each of these two paragraphs were established, the Court would be empowered to make an order that the company be reinstated.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It was further noted that s\~340(6) recognised that persons, particularly third parties, might be disadvantaged by such an order.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The subsection empowered the Court, if it thought it just to do so, to give such directions and make such provisions for placi
ng the company and all other persons in the same position as nearly as may be as if the name of the company had not been struck off.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Pathik
\~J had not given any direction, or made any provisions pursuant to the subsection.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 However, he had ordered that the subsection \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 be complied with by all concerned}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 35\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal next turned to the specific contentions raised by Wasawasa.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It set out in detail the evidence that had been led before Pathik\~J.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 That evidence disclosed that Mr\~Southwick had, at o
ne time, been the local manager of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
About three years into its operations, that company became involved in a major dispute with Wasawasa, and with Mr\~Southwick.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Eventually Fresh Fish brought proceedings against Wasawasa for the recovery of a fishing boat known as \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Sunbird}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
 and also for damages for its unlawful detention.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
After a hearing in the High Court, an appeal to the Court of Appeal, and then an appeal to the Supreme Court, the proceedings terminated in favour of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa was ordered to deliver up the vessel to Fresh Fish within 14\~days.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The issue of damages was remitted to be determined by the High Court.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 No damages had yet been assessed.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 36\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal observed that the parties had been asked, during the course of the appeal, about the location of the vessel.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The answers provided by counsel for both parties were described as \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 vague and unhelpful}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 37\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Court of Appeal rejected the contention that the
 purported allotment of shares to Competitive Foods had been unlawful because it contravened the provisions of the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Exchange Control Act}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It noted that the certificate issued by the Reserve Bank on 29\~
July 1999 recited that certain shares in Fresh Fish had been, in March 1999, issued to Competitive Foods and, at the same time, entered in the company register of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It also noted that the Reserve Bank had in 1999 granted permission for the issue of those shares on 5\~June 1989 and that the failure to
 obtain such permission, before issue, had been inadvertent and innocent.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 38\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Competitive Foods relied upon the certificate issued by the Reserve Bank.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It said that any illegality which may have attended the allotment of the shares did not invalidate the issue of the shares because the certificate operated to cure any illegality.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa replied to that submission by relying upon }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero v Bianco}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 39\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Court of Appeal distinguished }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero v Bianco}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  on the basis that, in that case, the letter from 
the Reserve Bank had been written after Mr Bianco had rescinded the agreement in question because there had been a total failure of consideration.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It followed that he was entitled to recover the sum of $100,000.00 that he had paid before any question of validation under s\~20(2) arose.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In other words, }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 was a case where a contract had been lawfully rescinded before the relevant certificate was issued.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The contract was thus at an end.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The facts in }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 were in stark contrast with the facts in t
he present case.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Here, there was a company with three major shareholders.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Competitive Foods held the majority of the voting shares and was therefore in a position to control the company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The action taken by Wasawasa on 18\~March 1999 involved treating the shares issued to Competitive Foods as having been unlawfully issued.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Effectively, Wasawasa treated the shares as non-existent, thereby enabling it to control Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It was only by virtue of that conduct that Wasawasa was able to \'93renounce\'94 the issue of the shares to Competitive Foods.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 40\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Court of Appeal observed:}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li720\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The reality of the matter was that it was Wasawasa, not Fresh Fish, that was taking this action.}{
\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The action was taken to nullify the effect of the judgment recovered by Fresh Fish against it.
\par }\pard \ql \li0\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 
\par }\pard \ql \li720\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin720\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
But, in our opinion, it was not within Wasawasa\rquote s power to take this course.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It was not dealing only within its own affairs as was the case in }{\b\i\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Ruggiero}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{
\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 No question of renunciation arose.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It was seeking to disturb a long standing allotment of shares to which it had not only agreed but also effected.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The contract for the issue of the shares had long since been completed.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 There was nothing more to be done.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Wasawasa\rquote 
s remedy was to make application to the Court for the rectification of the register of shareholders.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The application would have needed to join all shareholders and it would have been for the Court and not Wasawasa unilaterally to determine whether the other shareholders were lawfully entitled to retain their shares; see Ford\rquote s
 Principles of Corporations Law, 7}{\b\i\lang2057\langfe1033\super\langnp2057\insrsid8987634\charrsid3477056 th}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
 ed (1999) at 845-6, particularly concerning purported alterations of its share register made unilaterally by a company.
\par }\pard \ql \li0\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin0\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \ql \li720\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin720\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
In our opinion the purported renunciation of the allotment of the shares to Competitive Foods in the letter of 18 March 1999 was of no legal effect.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The subsequent issue by the Reserve Bank of the certificate under s.20(2) of the Exchange Control Act validated the issue of the shares retrospectively.}{
\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In substance it said that acts done in March 1989
 comprising the issue and transfer of the shares, being acts which were prohibited by the Exchange Control Act were to be, and were always to have been, as valid as if they had been done with the permission of the Reserve Bank.
\par }\pard \ql \li0\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin0\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \ql \li720\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin720\itap0\pararsid16131251 {\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It follows that unless the
 purported renunciation of the allotment of the shares on 18 March 1999 was valid, the allotment was not unlawful.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
As we have said, it is our opinion that the renunciation had no legal effect.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Thus Competitive Foods remained a shareholder after 18 March 1999.}{\b\i\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
All taint of illegality in relation to the allotment disappeared with the issue of the certificate under s.20(2) of the Act.\'94
\par }\pard \ql \li0\ri1440\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin1440\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 41\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal concluded, on the basis of this reasoning, that Pathik\~J had correctly determined that Competitive Foods was a shareholder of Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 42\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The next matter raised was whether Pathik\~J\rquote 
s alternative finding that Competitive Foods was a creditor of Fresh Fish in the sum of $92,544.00 was correct.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Mr\~Southwic
k, in his affidavit, had denied that Competitive Foods was owed any money by Fresh Fish.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal concluded that there had been insufficient evidence adduced regarding this debt to have enabled his Lordship to conclude that the debt existed.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Accordingly, this aspect of Wasawasa\rquote s argument was accepted.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It should be noted that the Court of Appeal did not find it necessary to determine whether the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Limitation Act}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
 point raised by Wasawasa had been made good.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 43\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Having found that Competitive Foods 
was a shareholder but not a creditor of Fresh Fish, the next question considered by the Court of Appeal was whether Fresh Fish, at the time it was struck off the register, was carrying on business or in operation.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Competitive Foods did not suggest that Fresh Fish was then carrying on business.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 However, it submitted that Fresh Fish was most definitely in operation.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It relied particularly on the fact that at the time of the striking off, Competitive Foods, as the controlling shareholder of that company, wa
s setting in train steps to enforce the judgment to which Fresh Fish was entitled as a consequence of the Supreme Court decision on 10\~March 1999.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 44\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal concluded that there was a substantial question as to whether Fresh Fish was \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 in operation}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
 at the time it was struck off the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
In the circumstances, it considered that it would be preferable to leave that question, and deal with the alternative limb, namely whether it was \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 otherwise just}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 that Fresh Fish be restored to the register.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It concluded that there was no doubt that Pathik\~J had correctly determined that issue.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Competitive Foods was a major shareholder in Fresh Food.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Fresh Food had a judgment against Wasawasa for the delivery of the vessel \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Sunbird}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 and for damages for its unlawful detention.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
If the unilateral action taken by Wasawasa on 18 March 1999 was invalid, as the Court of Appeal had concluded, there was a strong necessity for some investigation to be conducted into what had happened to the vessel after March 1999
, and particularly after July 2000, when Fresh Fish was deregistered.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 45\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The final matter was the question of discretion.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The Court of Appeal concluded that there was no basis for the submission by Wasawasa that the exercise of discretion by Pathik\~J ha
d miscarried.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It is unnecessary for present purposes to set out the reasoning by which the Court of Appeal came to that conclusion.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It is sufficient simply to note the following observations by that Court:}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid16131251 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'93We consider that the matter which should be gi
ven the most weight in relation to discretion is the fact that two shareholders were unlawfully removed from the share register of a company, subsequently struck off the register at a time when, so far as the evidence discloses, the company had two valuab
le assets, a ship and a claim for damages ordered to be assessed by the Court.}{\b\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
In effect their property was expropriated without their knowledge or consent.
\par }\pard \s19\ql \li0\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s19\ql \li737\ri737\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin737\lin737\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Purported dealings with the vessel before the company was struck off the register were, on both Pathik J.\rquote s and our conclusions, done without the consent or approval of the majority shareholders.}{\b\lang2057\langfe1033\langnp2057\insrsid16131251  
}{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Any such dealings may well prove to have been done in contravention of Wasawasa\rquote s obligations to other shareholders and in breach of their fiduciary obligat
ions by those acting as directors after the purported renunciation of the share allotments.}{\b\lang2057\langfe1033\langnp2057\insrsid16131251  }{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
These matters together with the absence of evidence from Wasawasa of any real prejudice persuade us that there was no miscarriage of Pathik J.\rquote s discretion.}{\b\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 We consider that the appeal should be dismissed.\'94
\par }\pard\plain \ql \li0\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 46\tab}}\pard\plain \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
The Court of Appeal finally came to the orders to be made.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Although it had reservations about the form of the second order made by Pathik J, it determined that that order should not be disturbed.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
However, it granted leave to either party to apply on notice to Pathik J or any other judge of the High Court for such variations of his Lordship\rquote s second order as they may be advised.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The formal orders of the Court were that the appeal be dismissed with costs, which the Court fixed at $1,500.00, and that there be liberty to apply on the terms previously indicated.}{
\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li0\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The petition to this Court}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard\plain \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {
\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 47\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Mr Young, who appeared on behalf of Wasawasa, conceded with commendable candour that he could not establish that the petition raised \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 a far-reaching question of law}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 or \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 a matter of great general or public importance}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\'94 within the meaning of those expressions in s\~7(3)(a) and (b) of the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Supreme Court Act}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  1998.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 He submitted, however, that the petition did raise \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 a mat
ter that is otherwise of substantial general importance to the administration of civil justice}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 within the meaning of s\~7(3)(c).}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 48\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Mr\~
Young noted that it was by no means uncommon for companies in Fiji to be struck off the register, and thereby dissolved.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
He referred to evidence in the proceeding that showed that the Registrar of Companies had struck off a total of 58 companies on 14\~April and 13\~June 2000.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 He submitted that there was no case law in Fiji, apart from an obiter statement by Gould VP in }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Jo
seph Hunter v Investment Properties Limited}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Civil Appeal 6 of 1977, as to the meaning of the word \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 just}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 in s\~340(6) of the }{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Companies Act}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 .}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
He submitted that it was a matter of substantial general interest to the administration of civil justice to have this Court provide guidance as to how the discretion conferred under that subsection should be exercised.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
He further submitted that the failure by Competitive Foods to provide any adequate explanation as to why Fresh Fish had not filed annual returns since 1991 made it impossible for the primary judge, or the Court of Appeal, to be satisfied that it was \'93}
{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 just}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 to reinstate the company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 He submitted that although both the primary judge and the Court of Appeal had referred to various New Zealand cases dealing 
with the principles of reinstatement, neither had applied those principles, thereby creating a different body of precedent regarding the proper exercise of the discretion.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 According to Mr\~Young, the overseas authorities all required that an explanation be given as to why the company had ceased trading before any order for reinstatement could be made.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 49\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Mr Young also referred to a passage in the judgment of the Court of Appeal where their Lordships observed that \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 there is need for some investigation of wha
t happened to the vessel after March 1999, and particularly after July 2000 when Fresh Fish was deregistered}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 According to Mr Young, in making that statement the Court of Appeal failed to appreciate that Wasawasa had, on 29\~March 1999, transferred the vessel back to Fresh Fish.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 50\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Mr Smith, for Competitive Foods, submitted that the petition did not raise any matter that was of substantial general interest to the administration of civil justice.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 He submitted that the phrase \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 otherwise just}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 in s\~
340(6) conferred upon the Court a discretion of the widest scope, and that every case had to be considered in light of its own particular facts.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 He submitted that there was no hard and fast rule that required an explanation to be given as to why a company had not 
filed returns for a number of years before being struck off, and as a condition of a grant of reinstatement.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
In the present case, the reason was obvious, having regard to the history of the matter.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Moreover, once it became plain that Fresh Fish had succe
eded in its claim for the return of the vessel, and that it had a substantial asset, namely the judgment in its favour, it was overwhelmingly clear that it was in the interests of justice that the company be reinstated.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Otherwise, Mr\~Southwick would succe
ed in what was a transparent attempt to avoid enforcement proceedings being taken by Fresh Fish against Wasawasa.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 51\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
After hearing argument on the issue of whether special leave should be granted, the Court concluded that leave should be refused.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The prin
ciples that govern the reinstatement of a company whose registration has been cancelled are well established throughout the common law world.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The effect of striking off is to dissolve the company.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
At common law, all the ordinary consequences would follow from this.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
However, the matter is now regulated everywhere by specific statutory provisions.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 52\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It is true that the court retains power to wind up a company which has been struck off.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It does not appear to be essential that the company should be restored to the register before being wound up.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 However, in }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re Cambridge Coffee Room Association Ltd}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  [1952] 1 All ER 112 Wynn-Parry J said that it was \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 desirable}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 that this should be done.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 See also }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re Phoenix Extended Gold Mines Ltd (No 2)}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 [1903] St R Qd 183.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Contrast }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re Albion Machine Co}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
[1929] 1 D.L.R. 274 where it was said that restoration to the register was an essential prerequisite to winding up.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 53\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
In general, a court may reinstate a company on the application of any member or creditor aggrieved by t
he cancellation if it is satisfied that the company was, at the time of cancellation, carrying on business or in operation, or if the court is otherwise satisfied that it is just that the registration be reinstated.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 There is a wealth of authority dealing with when a company can be said to be \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 carrying on business}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94, or can be said to be \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
in operation}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 See for example }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re Outlay Assurance Society}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
(1887) 34 Ch.D 479 which held that these criteria were satisfied where a company, at the time of striking off, was carrying on business only for the purpose of winding up voluntarily and realising its assets.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 54\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
There is also a considerable body of authority dealing with the alternative criterion that it be \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 otherwise just to reinstate}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 See for example }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re L Carroll Ltd}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
 [1975] 1 NZLR 79 where it was held that in considering whether it would be just to restore a company to the register, the personal circumstances of the individual shareholders could be taken into account.}{\lang2057\langfe1033\langnp2057\insrsid16131251 
 }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In that case, the application to restore the
 name of the company to the register was based upon the desire to take advantage, for taxation purposes, of accumulated losses of the company in embarking upon a new venture.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 There was evidence before the Court as to why the company had not complied with its obligations to file annual returns.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 There were only two shareholders, and the company had plainly been insolvent for some years.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In addition, the principal shareholder had been in ill health, necessitating extensive medical and hospital treatment.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 O\rquote Regan\~J ordered reinstatement.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
His Honour gave no indication that it was a condition of doing so that a detailed explanation for past default be provided.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 55\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In }{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In the Matter of Blenheim Leisure (Restaurants) Ltd (No.1) }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 [2000] B.C.C. 554; [1999] EWCA Civ 1963 (26 July 1999) Nourse\~
LJ, referred with approval to several earlier decisions by judges of the Companies Court.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
His Lordship described reinstatement proceedings as \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 a curious form of quasi-administrative proceedings}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94
 whereby the court, on being satisfied of various matters, exercises a power given by the legislature to resuscitate by restoration to the register a company which is then deemed to have continued to exist at all times.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 No orders are made in favour of any person for money or other relief of any sort.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The applications are regularly and frequently made and habitually decided without the intervention of any extra person.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 His Lordship went on to say that the practice is to order reinstatement \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 if a real advantage will accrue to the contri
butories or creditors of the company from its revival, and if all defaults are remedied}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Once again, it is significant to note that there was no requirement that an explanation be provided, whether detailed or otherwise, of why annual returns had not previously been filed.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 56\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It may be just that there be reinstatement to enable the company to pursue a claim by legal proceedings to provide funds for persons having claims on it.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 See also }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re Timothy\rquote s Pty Ltd & the Companies Act }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
[1981] 2 NSWLR 706 and }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re J J Weeks Constructions Pty Ltd}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 (1982) 31 SASR 96.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 57\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Finally, it goes without saying that there is a great deal of authority dealing with the meaning of terms such as \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 member}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 or \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 creditor}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 in the context of reinstatement.}
{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 See for example }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re New Timbiqui Gold Mines Ltd }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 [1961] 1 Ch. 319 at 325-326 per Buckley\~J, }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Re Harvest Lane Motor Bodies Ltd}{
\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 [1969] 1 Ch. 457 at 462 per Megarry\~J, and }{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Re Bayswater Trading Co Ltd}{\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 [1970] 1 All ER 608 at 609 per Buckley\~J.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 In many countries, including Australia, the relevant legislation now uses the broader concept of any person \'93}{\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 aggrieved}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 58\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 As indicated earlier, after hearing Mr\~
Young on the issue of special leave, we were not persuaded that the case raised a matter that was of substantial general interest to the administration of civil justice.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 The power to reinstate a company that has been struck off the register is necessarily one that will be exercised in a wide variety of circumstances.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 It would be wrong to lay down any fixed rule that states that
 a party seeking reinstatement must provide a detailed explanation as to why annual returns have not been filed.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Sometimes, the explanation will be apparent from the surrounding circumstances, and appropriate inferences can be drawn.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
That is not to say t
hat it may not be important, where registration has been cancelled for failure to lodge returns, for the applicant to provide an explanation for that failure and also to provide an undertaking that the company will bring its records up to date and pay all
 its fees.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
However, the reason why it may be important to provide an explanation is to enable the court to be satisfied that the company will, from the time of its reinstatement, comply with its obligations, and not because the historical record must in so
me way be perfected.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It would be rare indeed for this Court to grant special leave where all that is in issue is a challenge to the exercise of a discretion regarding a relatively routine matter of this kind.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 That is particularly so when the manner in which the discretion was exercised is challenged solely upon the basis of an alleged paucity of evidence.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 59\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
Because the Court refused special leave to appeal, it did not proceed to hear argument regarding the substantial merits of the appeal.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It should be noted, however, that Mr\~Young did not, in support of the application for special leave, rely upon any supposed error on the part of the primary judge, or of the Court of Appeal, in finding that Competitive Foods was relevantly a \'93}{
\b\i\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 member}{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 \'94 of Fresh Fish as at the date upon which Fresh Fish was struck off.}{
\lang2057\langfe1033\langnp2057\insrsid16131251  }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 That of itself is a telling point.}{\lang2057\langfe1033\langnp2057\insrsid16131251  }{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 We could not, ourselves, discern any error in the reasoning at first instance, or on appeal to the Court of Appeal, with regard to that issue.}{\lang2057\langfe1033\langnp2057\insrsid16131251 
 }{\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Had it been necessary to
 do so, we would also have refused special leave on the basis that neither the decision at first instance, nor the decision of the Court of Appeal, was attended with any doubt.
\par }\pard \s15\ql \li-720\ri0\nowidctlpar{\*\pn \pnlvlcont\ilvl0\ls0\pnrnot0\pndec }\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251 
\par {\pntext\pard\plain\s15 \fs20\lang2057\langfe1033\langnp2057\langfenp1033\insrsid8987634\charrsid3477056 \hich\af0\dbch\af0\loch\f0 60\tab}}\pard \s15\ql \fi-720\li0\ri0\nowidctlpar{\*\pn \pnlvlbody\ilvl0\ls14\pnrnot0
\pndec\pnfs20\pnstart1\pnindent360\pnsp120\pnhang }\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
It was for these reasons that special leave was refused, and the petitioner was ordered to pay the respondent\rquote s costs.}{\lang2057\langfe1033\langnp2057\insrsid8987634 
\par }\pard \s15\ql \li-720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin-720\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid16131251\charrsid3477056 
\par }\pard\plain \ql \li0\ri720\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Orders}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par 
\par 1.\tab The application for special leave to appeal be refused.
\par 
\par 2.\tab The petition be dismissed.
\par 
\par 3.\tab The Petitioner pay the Respondent\rquote s costs.
\par 
\par }\pard \qc \li0\ri-45\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin-45\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Hon Justice Daniel Fatiaki}{
\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 President of Supreme Court
\par }\pard \qj \li0\ri-45\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin-45\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \qc \li0\ri-45\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin-45\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Hon Justice Keith Mason
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Judge of Supreme Court
\par }\pard \qj \li0\ri-45\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin-45\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 
\par }\pard \qc \li0\ri-45\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin-45\lin0\itap0\pararsid16131251 {\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Hon Justice Mark Weinberg
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Judge of Supreme Court
\par }\pard \ql \li0\ri720\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin720\lin0\itap0\pararsid16131251 {\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid16131251 
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Solicitor:
\par }{\b\lang2057\langfe1033\langnp2057\insrsid8987634\charrsid3477056 Messrs Young & Associates, Lautoka for the Petitioner
\par Messrs Munro Leys, Suva for the Respondent
\par }}