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Acme Ltd is an ASX listed agricultural company that supplies major supermarkets with fresh produce daily. Acme's main competitor is Beta Ltd. Beta Ltd is

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Acme Ltd is an ASX listed agricultural company that supplies major supermarkets with fresh produce daily. Acme's main competitor is Beta Ltd. Beta Ltd is controlled by the feisty New Zealand corporate tycoon Mick Doonan. Mick has been keen to takeover Acme since he moved into the Australian domestic market six years ago. He formulates a plan to obtain a strategic stake in the company to contain his competitor and ultimately secure control via a hostile takeover. Mick convinces a number of institutional shareholders to sell their stakes to him slightly above market price, which gives him a 16% share of the company. This makes Mick the only foreign national shareholder in Acme. Over the next two years Mick secures a position on the board and begins to cause trouble by secretly leaking information to the press in order to embarrass the company and keep the share price low. Mick also votes against every proposal put forward by the board at the members' meetings. Acme's board is keen to remove Mick from the board and the share register so they devise a plan (codename 'Project Rainbow') to alter the company's constitution to totally remove Mick from the company. The company proposes to hold an extraordinary members' meeting on 1 3 February 2007 to vote on the following resolution: Proposition the company's constitution is amended by prolding that any shares held by persons other than Australian citizens on 1 January 2007, will be stripped of their voting rights immediately. The company sends the notice to the shareholders with all the necessary information they need to make a decision on the matter. What remedies Mick may have in this situation. Include in your response an assessment of how Mick's own conduct is relevant for determining whether he may use the remedies successfully

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