Parianos v Lymlind Pty Ltd [1999] FCA 684

FEDERAL COURT OF AUSTRALIA

Parianos v Lymlind Pty Ltd [1999] FCA 684

BANKRUPTCY – Bankruptcy notice founded on a judgment given in a foreign currency – conversion calculation not in accordance with Bankruptcy Regulations, reg 4.04 – Whether reg 4.04 creates an essential requirement for a bankruptcy notice Bankruptcy Act 1966 (Cth), s 41(2A), 41(2B), 41(2C), 41(5), 41(6A) Bankruptcy Regulations, regs 4.01, 4.02, 4.04(1), 4.04(2), 4.04(3) Statute Law (Miscellaneous Provisions) Act (No 2) 1985 (Cth), Schedule 1

Bankruptcy Legislation Amendment Act 1996 (Cth), Schedule 1 Kleinwort Benson Australia Ltd v Crowl (1988) 165 CLR 71, followed James v Federal Commissioner of Taxation (1955) 93 CLR 631, cited Re Walsh Ex parte Flying Tiger Line Inc (1985) 7 FCR 579, cited Miliangos v George Frank (Textiles) Ltd [1976] AC 443, cited Maschinenfabrik v Altikar Pty Ltd [1984] 3 NSWLR 152, cited. Re Ikin; Ex parte Same & Lamborghini Tractors of Australia Pty Ltd (1985) 4 FCR 582, cited Re Bond; Ex parte HongKongBank of Australia Ltd (1991) 33 FCR 426, cited Re Bond; Ex parte HongKongBank of Australia Ltd (1991) 34 FCR 447, cited Bond v HongKongBank of Australia Ltd (1992) 34 FCR 453, cited

GEORGE PARIANOS v LYMLIND PTY LIMITED & ORS N 7276 OF 1999 JUDGE: SACKVILLE J PLACE: SYDNEY DATE: 28 JUNE 1999

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY N 7276 OF 1999

BETWEEN: GEORGE PARIANOS

Applicant

AND: LYMLIND PTY LIMITED,

ANAGYROS PARIANOS,

MARGUERITA PARIANOS

Respondents

JUDGE: SACKVILLE J

DATE OF ORDER: 28 JUNE 1999

WHERE MADE: SYDNEY

THE COURT ORDERS THAT: 1. The Bankruptcy Notice No NN 2750 of 1998, which was served on the applicant on 18 February 1999, be set aside. 2. The respondents pay the applicant's costs. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.