A declaration of rescission of a contract for the purchase of shares necessarily entails the revesting of equitable title in the shares upon rescission; consequential orders for the return of shares are not required for the declaration to be effective. The public policy ground for refusing enforcement of foreign arbitral awards under s 8(7)(b) of the International Arbitration Act 1974 (Cth) is limited to fundamental principles of justice and morality and is to be given a narrow construction. Section 8(7)(b) confers a discretion, but it would only be exercised in favour of enforcement in the most exceptional cases, and conditions cannot be imposed on enforcement to remedy deficiencies in an award.
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