Analysis of ASIC v Sino Australia Oil and Gas Ltd Case under Corporation Law

Business and
Corporation law
Name of the Student
Name of the University
Author Note

ASIC v Sino Australia Oil and Gas Ltd (in liq) (2016) 115
ACSR 437

The company has committed a violation of the
Corporations Act 2001 (Cth) by making deceptive or
misleading statements in its prospectus,.

The company failed to disclose about circumstances that
resulted in impairment in the ability to anticipate profits.

The Non-English speaking director of the company is
alleged to have failed to perform his director duties under
the Corporations Act 2001 (Cth).
CASE INTRODUCTION


the company made false representations in its
prospectus documents

the company contravened section 728(1)(a) of
the Act

the company committed a breach of section
728(1)(b)

the first defendant violated section [728(1)(c)]
and section [674(2)] of the Act;
BREACH OF DUTIES OF FIRST
DEFENDANT


Under section [674(2A)] of the Act, second
defendant was involved in the breach committed
by the first defendant of section [674(2)] of the
Act;

the second defendant violated section [180(1)] of
the 2001 Act

the Second defendant contravened section 180(1)
of the Act;
BREACH OF DUTIES OF SECOND
DEFENDANT