Papua New Guinea Dockyard Limited v Adams [2005] FCA 413

FEDERAL COURT OF AUSTRALIA

Papua New Guinea Dockyard Limited v Adams [2005] FCA 413 CORPORATIONS – deed of company arrangement – application for termination – floating charge – validity of charge – whether granted to "relevant person" PRACTICE AND PROCEDURE – parties – application to terminate deed of company arrangement – necessary parties

Corporations Act 2001 (Cth) ss 267, 445D Corporations Regulations 2001 (Cth) reg 5.3A.07

Administration of the Territory of Papua New Guinea v Daera Guba (1973)130 CLR 353 applied Bateman v Newhaven Park Stud Ltd (2004) 49 ACSR 597 cited Bovis Lend Lease Pty Ltd v Wily (2003) 45 ACSR 612 applied Challenge Charter Pty Ltd v Curtain Bros (Qld) Pty Ltd [2004] VSC 1 cited IPT Systems Ltd v Mtic Corporate Pty Ltd (2000) 36 ACSR 454 not followed in part Jesserson Holdings Pty Ltd v Middle East Trading Consultants Pty Ltd (1994) 13 ACSR 455 distinguished Langton, in the Estate of [1964] P 163 applied Linen House Pty Ltd v Rugs Galore Australia Pty Ltd [1999] VSC 126 cited McVeith v Linen House Pty Ltd (No 2) (2000) 1 VR 31 cited Nana Ofori Atta II v Nana Abu Bonsra II [1958] AC 95 applied Osborne v Smith (1960) 105 CLR 153 applied Sydney Land Corporation Pty Ltd v Kalon Pty Ltd (1997) 142 FLR 188 cited PAPUA NEW GUINEA DOCKYARD LIMITED v JOHN DAVID ADAMS, LAURENCE ANDREW FITZGERALD, MORTIM (AUSTRALIA) PTY LTD, JOHN LINDHOLM AND CHALLENGE CHARTER PTY LIMITED V 1020 of 2004 FINKELSTEIN J 15 APRIL 2005 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY V 1020 of 2004

BETWEEN: PAPUA NEW GUINEA DOCKYARD LIMITED

Plaintiff

AND: JOHN DAVID ADAMS, LAURENCE ANDREW FITZGERALD, MORTIM (AUSTRALIA) PTY LTD, JOHN LINDHOLM AND CHALLENGE CHARTER PTY LIMITED

Defendants

JUDGE: FINKELSTEIN J

DATE: 15 APRIL 2005

PLACE: MELBOURNE