Lion Energy Limited v Tulloch Lodge Limited (in liq), in the matter of Tulloch Lodge Limited (in liq) [2011] FCA 1139

FEDERAL COURT OF AUSTRALIA

Lion Energy Limited v Tulloch Lodge Limited (in liq), in the matter of Tulloch Lodge Limited (in liq) [2011] FCA 1139 Citation: Lion Energy Limited v Tulloch Lodge Limited (in liq), in the matter of Tulloch Lodge Limited (in liq) [2011] FCA 1139

Parties: LION ENERGY LIMITED (ACN 000 753 640) v TULLOCH LODGE LIMITED (IN LIQUIDATION) (ACN 003 157 533)

File number: SAD 272 of 2006

Judge: FINN J

Date of judgment: 5 October 2011

Catchwords: CORPORATIONS – power of liquidator to compromise claim – time limit on power to enter into agreement – Corporations Act 2001 (Cth) s 477(2A), s 477(2B) – Confidentiality of litigation funding agreement – no prejudice to administration of justice – Federal Court of Australia Act 1976 (Cth) s 40(1).

Legislation: Corporations Act 2001 (Cth) s 477 (2B), s 477 (2A) Federal Court of Australia Act 1976 (Cth) s 50(1)

Cases cited: Hogan v Australian Crime Commission (2010) 240 CLR 651 cited

Date of hearing: 5 October 2011

Place: Adelaide

Division: GENERAL DIVISION

Category: Catchwords

Number of paragraphs: 8

Counsel for the Plaintiff: No appearance for the plaintiff.

Solicitor for the Defendant: Mr J M Cudmore of Cosoff Cudmore Knox

IN THE FEDERAL COURT OF AUSTRALIA SOUTH AUSTRALIA DISTRICT REGISTRY GENERAL DIVISION SAD 272 of 2006

IN THE MATTER OF TULLOCH LODGE LIMITED (IN LIQUIDATION) (ACN 003 157 533) BETWEEN: LION ENERGY LIMITED (ACN 000 753 640)

Plaintiff

AND: TULLOCH LODGE LIMITED (IN LIQUIDATION)

(ACN 003 157 533)

Defendant