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Considerations from Greig v FCT

Published on 01 Oct 20 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Andrew Greig was certain that his investment in Nexus Energy Ltd (Nexus) was going to pay off. Despite declining share prices, he made 65 separate acquisitions of Nexus shares, expending over $11.8m, in the hope that the market would eventually recognise Nexus’ value. Unfortunately for Greig, the market never would. In 2014, Nexus was placed into administration and his shares were transferred for nil consideration.

Author profiles

Miles Hurst FTI
Miles is a Partner with Baker McKenzie. - Current at 22 October 2020
William Malouf
William is a Senior Associate with Baker McKenzie. - Current at 22 October 2020
Aleksandra Pasternacki
Aleksandra is a Graduate with Baker McKenzie.
Current 22 October 2020

 

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