International Law

Member register access: AXA v Direct Share Purchasing Corporation Pty Ltd

Last year I wrote about member register access in the context of activity by David Tweed and his associated companies including Direct Share Purchasing Corporation and National Exchange Pty Ltd.

In AXA Pacific Holdings Ltd and Anor v Direct Share Purchasing Corporation Pty Ltd, AXA sought to prevent Tweed's company from using Axa's register for an improper purpose.

The proceedings have been resolved by Direct Share Purchasing Corporation agreeing that it will not use or disclose the information contained in the register of members of AXA APH provided to it in response to its request to AXA APH , unless the use or disclosure of the information is relevant to the holding of the interests recorded in the register or the exercise of the rights attaching to them.

Full post as published by Australian Regulatory Compliance Review on January 22, 2008 (boomark / email).