Media World Communications Ltd (Administrator Appointed) v Clark [2004] FCA 1609

FEDERAL COURT OF AUSTRALIA

Media World Communications Ltd (Administrator Appointed) v Clark [2004] FCA 1609 PRACTICE AND PROCEDURE – Mareva injunction – sale of technology – misrepresentation – whether the prima facie case alleged supported an inference that the defendants' funds were at risk of dissipation – whether risk of dissipation of assets established.

Federal Court of Australia Act 1976 (Cth): s 23 Jackson v Sterling Industries Limited (1987) 162 CLR 612, referred to Cardile v LED Builders Pty Ltd (1999) 198 CLR 380, referred to Patterson v BTR Engineering (Aust) Limited (1989) 18 NSWLR 319, followed Victoria University of Technology v Wilson [2003] VSC 299, considered Mitchell v Saengjan (1994) 117 FLR 273, considered IN THE MATTER OF MEDIA WORLD COMMUNICATIONS LTD (ACN 061 727 642) (ADMINISTRATOR APPOINTED) and MEDIA WORLD BROADCASTING PTY LTD (ACN 094 923 725) (ADMINISTRATOR APPOINTED) MEDIA WORLD COMMUNICATIONS LTD (ACN 061 727 642) (ADMINISTRATOR APPOINTED) and MEDIA WORLD BROADCASTING PTY LTD (ACN 094 923 725) (ADMINISTRATOR APPOINTED) v ADAM LESLIE CLARK & OTHERS V 1455 of 2004 GOLDBERG J 3 DECEMBER 2004 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY V 1455 of 2004

IN THE MATTER OF MEDIA WORLD COMMUNICATIONS LTD (ACN 061 727 642) (ADMINISTRATOR APPOINTED) and MEDIA WORLD BROADCASTING PTY LTD (ACN 094 923 725) (ADMINISTRATOR APPOINTED)

BETWEEN: MEDIA WORLD COMMUNICATIONS LTD (ACN 061 727 642) (ADMINISTRATOR APPOINTED) and

MEDIA WORLD BROADCASTING PTY LTD (ACN 094 923 725) (ADMINISTRATOR APPOINTED)

Plaintiffs

AND: ADAM LESLIE CLARK

First Defendant

ADAM 12 HOLDINGS PTY LTD

(ACN 093 903 292)

Second Defendant

ADAMS LABORATORIES PTY LTD