Promaco Conventions Pty Ltd v Dedline Printing Pty Ltd [2007] FCA 586

FEDERAL COURT OF AUSTRALIA

Promaco Conventions Pty Ltd v Dedline Printing Pty Ltd [2007] FCA 586 CORPORATIONS – statutory derivative action ‑ application for leave under s 237 of the Corporations Act 2001 (Cth) to bring an action in the name of a company – company in liquidation ‑ whether Pt 2F.1A of the Act has application when company in liquidation – whether in the best interests of company that leave be granted Corporations Act 2001 (Cth) ss 6(1), 236, 236(3), 237, 237(2), 237(3)(c) Corporate Law Economic Reform Program Bill 1998 (Cth), Explanatory Memorandum Federal Court Rules O 80 BL & GY International Co Ltd v Hypec Electronics Pty Ltd (2001) 164 FLR 268 Roach v Winnote Pty Ltd (in liq) [2001] NSWSC 822 Brightwell v RFB Holdings Pty Ltd (in liq) (2003) 171 FLR 464 Carpenter v Pioneer Park Pty Ltd (in liq) (2004) 211 ALR 457 Fresh Start Australia Pty Ltd (ACN 076 853 944); Scuteri v Lofthouse and Cauchi as liquidators of Fresh Start Australia Pty Ltd (in liq) (2007) 59 ACSR 327 Newcastle City Council v GIO General Limited (1997) 191 CLR 85 Ferguson v Wallbridge [1935] 3 DLR 66 Fargro Limited v Godfroy [1986] 1 WLR 1134 Scarel Pty Ltd v City Loan & Credit Corporation Pty Ltd (1988) 17 FCR 344 Christianos v Aloridge Pty Ltd (1995) 59 FCR 273 Foss v Harbottle (1843) 67 ER 189 Cape Bretton Company v Fenn (1881) 17 Ch D 198 Cadima Express Pty Limited v Deputy Commissioner of Taxation (2000) 157 FLR 424 Australian Securities and Investments Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 Swansson v R A Pratt Properties Pty Ltd (2002) 42 ACSR 313 Corporate Law Economic Reform Program Proposal Paper No 3, "Directors Duties and Corporate Governance"

PROMACO CONVENTIONS PTY LTD (ACN 008 784 585) and MICHELLE ANNE AINSWORTH and BRONWEN JANE BREW and SHAREN MARGARET COOPER ON BEHALF OF THE PRINTING PLACE PTY LTD (IN LIQ) (ACN 097 673 295) v DEDLINE PRINTING PTY LTD (ACN 092 178 099) AND DEBRA LYN RIPLEY WAD 385 OF 2005