Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Clime Capital Limited v Credit Corp Group Ltd (No 3) [2012] FCA 218 Citation: Clime Capital Limited v Credit Corp Group Ltd (No 3) [2012] FCA 218
Parties: CLIME CAPITAL LIMITED (ACN 106 282 777) v CREDIT CORP GROUP LTD (ACN 092 697 151)
File number: NSD 1994 of 2008
Judge: NICHOLAS J
Date of judgment: 13 March 2012
Catchwords: REPRESENTATIVE PROCEEDING – approval of settlement by court – factors to be considered – whether proposed settlement scheme fair and reasonable – approval of amounts to be paid in respect of costs and disbursements – approval of amount to be paid to representative party in respect of work done for benefit of group members.
Legislation: Federal Court of Australia Act 1976 (Cth) Part IVA, ss 33V, 33ZF
Cases cited: Australian Competition & Consumer Commission v Chats House Investments Pty Ltd (1996) 71 FCR 250 Taylor v Telstra Corporation Ltd [2007] FCA 2008
Date of hearing: 28 February and 9 March 2012
Place: Sydney
Division: GENERAL DIVISION
Category: Catchwords
Number of paragraphs: 41
Counsel for the Applicant: Dr AS Bell SC with Mr G Donnellan
Solicitor for the Applicant: William Roberts Lawyers
Counsel for the Respondent: Mr M Darke
Solicitor for the Respondent: Piper Alderman
IN THE FEDERAL COURT OF AUSTRALIA NEW SOUTH WALES DISTRICT REGISTRY GENERAL DIVISION NSD 1994 of 2008
BETWEEN: CLIME CAPITAL LIMITED
(ACN 106 282 777)
Applicant
AND: CREDIT CORP GROUP LTD
(ACN 092 697 151)
Respondent
JUDGE: NICHOLAS J DATE OF ORDER: 13 March 2012 WHERE MADE: SYDNEY
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