Australian Securities and Investments Commission, in the matter of GDK Financial Solutions Pty Ltd (in liq) v GDK Financial Solutions Pty Ltd (in liq) No 3 [2008] FCA 448

FEDERAL COURT OF AUSTRALIA

Australian Securities and Investments Commission, in the matter of GDK Financial Solutions Pty Ltd (in liq) v GDK Financial Solutions Pty Ltd (in liq) No 3 [2008] FCA 448

CORPORATIONS – managed investment scheme – appointment of receiver – costs of preservation and realisation – cost of action for benefit of all interested parties – priorities A Boynton Ltd, Re [1910] 1 Ch 519 Anderson v Liddell (1968) 117 CLR 36 Australian Securities and Investments Commission v Lawrenson Light Metal Die Casting Pty Ltd (1999) 33 ACSR 288 Batten v Wedgwood Coal and Iron Co (1884) 28 Ch D 317 Batten, Proffitt & Scott v Dartmouth Harbour Commissioners (1890) 45 Ch D 612 Boehm v Goodall [1911] 1 Ch 155 Brill v Southerland 14 A2d 408 (Del 1940) C L Forrest Trust, In the Matter of [1953] VLR 246 Choudhri v Palta [1992] BCC 787 Close v Phipps (1844) 7 Man & G 586 [135 ER 236] Cobb & Co Holdings Pty Ltd v Daydream Island Tourist Resort Pty Ltd (1982) 7 ACLR 463 Commonwealth Bank of Australia v Butterell (1994) 35 NSWLR 64 Dean-Willcocks v Nothintoohard Pty Ltd (in liq) (2007) 25 ACLC 109 Evans v Clayhope Properties Ltd [1987] 1 WLR 225 Evans v Clayhope Properties Ltd [1988] 1 WLR 358 Evelyn v Lewis (1844) 3 Hare 472 [67 ER 467] Ford v Earl of Chesterfield (1856) 21 Beav 426 [52 ER 924] Hamilton v Donovan Oates Hannaford Mortgage Corporation Ltd (2007) 61 ACSR 82 Latec Investments Ltd v Hotel Terrigal Pty Ltd (in liq) (1965) 113 CLR 265 Marine Mansions Co, In re (1867) LR 4 Eq 601 Moodemere Pty Ltd (in liq) v Waters [1988] VR 215 National Westminster Bank Ltd v Barclays Bank International Ltd [1975] QB 654) Oriental Hotels Co, In re (1871) LR 12 Eq 126 Perry v Rolfe [1948] VLR 297 Prackert, Ex parte [1987] 2 Qd R 560 Regent's Canal Ironworks Co, Re (1876) 3 Ch D 43 Shirlaw v Taylor(1991) 31 FCR 222 Universal Distributing Co Ltd (in liq), Re (1933) 48 CLR 171 Wrexham, Mold & Connah's Quay Railway Co, In re [1900] 1 Ch 261 Wright v Kirby (1857) 23 Beav 463 [53 ER 182] Beach on Receivers 1 Clark on Receivers (2nd ed, 1929) 2 Clark on Receivers (3rd ed, 1992) Daniell's Chancery Practice (7th ed, 1901) vol 1 Meagher, Gummow & Lehane's Equity: Doctrines and Remedies (4th ed, 2002) Pomeroy's Equity Jurisprudence (4th ed, 1919) AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v GDK FINANCIAL SOLUTIONS PTY LTD (IN LIQUIDATION) and OTHERS (according to the attached Schedule of Parties)