Lindholm, in the matter of Opes Prime Stockbroking Limited (Administrators appointed) (Receivers and Managers appointed) [2008] FCA 1425

FEDERAL COURT OF AUSTRALIA

Lindholm, in the matter of Opes Prime Stockbroking Limited (Administrators appointed) (Receivers and Managers appointed) [2008] FCA 1425

CONTRACTS – whether contract may be construed in light of subsequent events CORPORATIONS – administrators – contingent creditors – valuation of creditors' claims for voting purposes – valuation of claims for proof purposes – whether hindsight reference to events then in the future is appropriate in valuation of contingent claims – whether an administrator is analogous to a liquidator WORDS AND PHRASES – "analogous", "administrator", "close-out netting", "liquidator", "set-off"

Corporations Act 2001 (Cth) ss 437D, 444A, 468, 513A, 513C, 554 Enterprise Act 2002 (UK) sched B1 Insolvency Act 1986 (UK) ss 127, 192 Payment Systems and Netting Act 1998 (Cth) ss 5, 14 Corporations Regulations 2001 (Cth) reg 5.6.23 Insolvency Rules 1986 (UK) r 2.85 Explanatory Memorandum to the Payment Systems and Netting Bill 1998 (Cth)

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