MG Corrosion Consultants Pty Ltd v Gilmour [2012] FCA 383

FEDERAL COURT OF AUSTRALIA

MG Corrosion Consultants Pty Ltd v Gilmour [2012] FCA 383 Citation: MG Corrosion Consultants Pty Ltd v Gilmour [2012] FCA 383

Parties: MG CORROSION CONSULTANTS PTY LTD ACN 084 715 177 v MALCOLM STEWART GILMOUR and MAGIL NOMINEES PTY LTD ACN 009 059 607; MALCOLM STEWART GILMOUR and MAGIL NOMINEES PTY LTD ACN 009 059 607; MG CORROSSION CONSULTANTS PTY LTD ACN 084 715 177 and ALBERTO CESARIO VINCIGUERRA

File number: WAD 256 of 2010

Judge: BARKER J

Date of judgment: 16 April 2012

Catchwords: CORPORATIONS – freezing orders – appointment of an external administrator – s 440D of the Corporations Act 2001 (Cth) – proceeding – in relation to – any of its property – legal or equitable estate or interest – a thing in action – chose in action – bare right to litigate – third parties – Mareva type order – undertaking – discretionary considerations – dissipation or disposal of assets – Div 7.4 of the Federal Court Rules 2011 (Cth) – good arguable case – inference – danger or real risk

Legislation: Corporations Act 2001 (Cth) s 181, s 182, s 183, s 437A(1), s 437C, s 437D, s 437E, s 440D, s 1317H; Div 6 of Pt 5.3A Federal Court of Australia Act 1976 (Cth) s 4, s 23 Business Names Act 1962 (WA) Federal Court Rules 2011 (Cth) Div 7.4, R 7.32(1), R 7.34, R 7.35, R 7.35(4), R 7.35(5), R 7.35(6), R 7.36 Federal Court Rules 1979 (Cth) O 25A

Cases cited: Blatch v Archer (1774) 98 ER 969 Cardile v LED Builders Pty Limited (1999) 198 CLR 380 Deputy Commissioner of Taxation v Hua Wang Bank Berhad [2010] FCA 1014; (2010) 273 ALR 194 HP Mercantile Pty Ltd v Federal Commissioner of Taxation [2005] FCAFC 126; (2005) 143 FCR 553 Jackson v Sterling Industries Limited (1987) 162 CLR 612 Krishell Pty Ltd v Nilant [2006] WASCA 223; (2006) 60 ACSR 410 Loxton v Moir (1914) 18 CLR 360 MG Corrosion Consultants Pty Ltd v Gilmour [2010] FCA 1390 MG Corrosion Consultants Pty Ltd v Gilmour [2011] FCA 1514 MG Corrosion Consultants Pty Ltd v Vinciguerra [2011] FCAFC 3 National Mutual Property Services (Australia) Pty Ltd v Citibank Savings Ltd (1995) 132 ALR 514 Ninelen Pty Ltd v Interim Advance Corporation Pty Ltd [2011] WASC 107 Park v Allied Mortgage Corporation Ltd [1993] FCA 286; (1993) ATPR 46-105 Poulton v The Commonwealth (1952) 89 CLR 540 Travelex Ltd v Federal Commissioner of Taxation of the Commonwealth of Australia [2010] HCA 33; (2010) 241 CLR 510 Trendtex Trading Corp v Credit Suisse [1982] AC 679 TS & B Retail Systems Pty Ltd v 3Fold Resources Pty Ltd (No 3) [2007] FCA 151; (2007) 158 FCR 444 R v Toohey; Ex parte Meneling Station Pty Ltd [1982] HCA 69; (1982) 158 CLR 327 Rickard Constructions & Anor v Rickard Hails Moretti [2004] NSWSC 1041 Uvanna Pty Limited v Tsang (1997) 72 FCR 502 Vetter v Lake Macquarie City Council [2001] HCA 12; (2001) 202 CLR 439 Vinciguerra v MG Corrosion Consultants Pty Ltd [2010] FCA 763