Donaco International Limited 03R - Panel Declines to Conduct Proceedings

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The review Panel has declined to conduct proceedings on an application dated 14 November 2019 from Donaco International Limited in relation to its affairs. The application sought a review of the initial Panel's decision to decline to conduct proceedings in relation to Donaco's initial application (see TP19/66).

The review Panel agreed with the initial Panel's reasons and conclusions in Donaco International Limited 02 [2019] ATP 23. The review Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances. Accordingly, the review Panel declined to conduct proceedings.

The sitting review Panel was Tracey Horton AO (sitting President), Christian Johnston and Rebecca Maslen-Stannage.

The Panel will publish its reasons for the decision in due course on the Takeovers website.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3500