Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities & Investments Commission v Kyriackou [2010] FCA 9 Citation: Australian Securities & Investments Commission v Kyriackou [2010] FCA 9
Parties: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v MICHAEL KYRIACKOU, AUSTRALVIC PROPERTY MANAGEMENT PTY LTD (ACN 113 858 021), MK RIVER PTY LTD (ACN 109 065 312), AUSTRALVIC HOME LOANS PTY LTD (ACN 113 976 257), AUSTRALVIC CONSTRUCTION SERVICES PTY LTD (ACN 117 868 256), AUSTRALVIC FINANCE PTY LTD (ACN 113 860 638) and AUSTRALVIC PROPERTY MANAGEMENT No 2 PTY LTD (ACN 121 301 175)
File number: VID 448 of 2007
Judge: GOLDBERG J
Date of judgment: 20 January 2010
Catchwords: PRACTICE AND PROCEDURE – costs – proceeding discontinued by consent – dispute as to costs of proceeding – whether applicant's case bound to fail from outset – whether applicant surrendered case – judicial discretion – whether there should be no order as to costs – relevant principles – whether need to depart from usual rule
Legislation: Australian Securities and Investments Commission Act 2001 (Cth): ss 13, 12GD Corporations Act 2001 (Cth): ss 459B, 461(1)(k), 464, 471B, 472(2), 473(1), 532(2), 601ED(1), 601EE, 1323 & 1324 Federal Court of Australia Act 1976 (Cth): ss 21, 22 & 23 Federal Court Rules: O 11 r 16, O 20 r 2
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