Korda, in the matter of Stockford Limited (Subject to Deed of Company Arrangement) [2004] FCA 1682

FEDERAL COURT OF AUSTRALIA

Korda, in the matter of Stockford Limited (Subject to Deed of Company Arrangement) [2004] FCA 1682 CORPORATIONS – external administration – administrators – remuneration – resolution of creditors – validity of resolution – failure to fix – factors to be taken into account

WORDS AND PHRASES – "fix"

Corporations Act 2001 (Cth) ss 436E, 439A, 445F, 449E, 473 Insolvency Rules 1996 (UK) IR 4.30(1)

Avonwood Homes Pty Ltd (in liquidation), Re [2002] VSC 147 cited Beuregard v The Queen in right of Canada (1983) 148 DLR (3d) 205 cited Board of Supervisors of Yavapai County v Stephens 177 P 261 (1919) applied Boston and Maine Corporation v Moore, In re 776 F 2d 2 (1st Circ 1985) applied British Bank of Australia Limited, In re (1893) 19 VLR 54 cited Carton, Limited, In re (1923) 39 TLR 194 discussed Copeland v Marshall 641 F 2d 880 (DC Circ 1980) cited Culberson v Watkins 119 SE 319, 322 (1923) cited Daily Telegraph Newspaper Company Limited, Re (1931) 48 WN (NSW) 236 cited Fraser Henleins v Cody (1945) 70 CLR 100 applied Gallard; Ex parte Harris, In re [1892] 1 QB 532 applied Hill v State (1913) 14 DLR 158 cited Independent Insurance Co Ltd (in provisional liquidation), Re [2002] 2 BCLC 709 cited Kaye v Croydon Tramways Company [1898] 1 Ch 358 applied Kirchoff v Flynn 786 F 2d 320 (7th Cir 1986) cited Mayne v Jaques (1960) 101 CLR 169 applied Medforce Healthcare Services Ltd (In Liquidation), Re [2001] 3 NZLR 145 followed Mirror Group Newspapers plc v Maxwell (No 2) [1998] 1 BCLC 638 followed Mysore Reefs Gold Mining Company, In re (1886) 34 Ch D 14 cited Potters Oils Ltd, In re [1985] 1 WLR 201 cited Powers v Isley 183 P 2d 880 (1974) cited Queensland Forest Limited (In Liquidation), Re [1966] Qd R 180 cited Solfire Pty Ltd (in liq) No. 2, Re [1999] 2 Qd R 182 followed Standard Insurance Co Ltd (In Liquidation), Re [1967] VR 600 cited Superior Preserving Company Limited, In re [1953] QWN 49 cited Royal Bank of Canada v Bjorklund (1985) 36 Man R (2d) 54 cited Universal Distributing Company Limited (In Liquidation), In re (1933) 48 CLR 171 referred to Van Sandau v Moore (1826) 1 Russ 441; [38 ER 171] cited Venetian Nominees Pty Ltd v Conlan (1998) 20 WAR 96 followed Western Metal Engineering, Re (unreported, 24 February 1998, Supreme Court of Western Australia) cited Woodcock v Dick 222 P 2d 667 (1950) cited Young v Ladies Imperial Club, Limited [1920] 2 KB 523 applied Zimmerman v Carfield 42 Ohio St 463 (1885) cited