Read the full judgment text of FAMV 000014/1998 on BabelCite. This FAMV judgment was delivered on 21 October 1998.
1. The background facts leading to this application for leave to appeal can be briefly stated. They go back some 2 1/2 years, to 29 March 1996 when there were unusual transactions effected by Nomura International (Hong Kong) Limited in the Australian share and futures markets. The suspicion of the regulatory authorities in Sydney, London and Hong Kong was that Nomura (in its various corporate guises) was effecting false and misleading transactions and thus manipulating the markets. The positions