Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Divitkos, in the matter of ExDVD Pty Ltd (in liquidation) [2014] FCA 696 Citation: Divitkos, in the matter of ExDVD Pty Ltd (in liquidation) [2014] FCA 696
Parties: GEORGE DIVITKOS AS LIQUIDATOR OF EXDVD PTY LTD (IN LIQUIDATION) ACN 094 555 674
File number: SAD 376 of 2013
Judge: WHITE J
Date of judgment: 30 June 2014
Corrigendum: 1 July 2014
Catchwords: CORPORATIONS – Receivers – whether creditor has a right of recoupment or subrogation to the extent of priority payments to employees out of charged assets – proper characterisation of priority payments – whether certain retrenchment and leave entitlement payments made pursuant to s 433 of the Corporations Act 2001 (Cth) – effect of s 558 on s 433 in the circumstance of a receivership followed by a winding up – whether a right of recoupment exists – whether a right of subrogation exists
Legislation: Corporations Act 2001 (Cth) ss 9, 433, 479, 511, 513B, 513C, 553, 556, 558, 561 Corporations Regulations 2001 (Cth) regs 5.6.40, 5.6.45, 5.6.48-5.6.50, 5.6.53
Cases cited: Boscawen v Bajwa [1996] 1 WLR 328 Carter, in the matter of Damilock Pty Ltd (in liq) [2012] FCA 1445 Cochrane v Cochrane [1985] 3 NSWLR 403 Cook v Italiano Family Fruit Company Pty Ltd (in liq) [2010] FCA 1355; (2010) 190 FCR 474 Fisher v Madden [2002] NSWCA 28; (2002) 54 NSWLR 179 Ghana Commercial Bank v Chandiram [1960] AC 732 McEvoy v Incat Tasmania Pty Ltd [2003] FCA 810; (2003) 130 FCR 503 Meadow Springs Fairway Resort Ltd v Balanced Securities Ltd [2007] FCA 1443; (2007) 25 ACLC 1433 Moule v Garrett (1872) LR 7 Ex 101 Nicoll v Cutts [1985] BCLC 322 Perrins v State Bank of Victoria [1991] 1 VR 749 Re Custom Card (NSW) Pty Ltd [1979] 1 NSWLR 241 Re Dalma No 1 Pty Ltd (in liq) [2013] NSWSC 1335; (2013) 279 FLR 80 Re Foster Clark Ltd's Indenture Trusts [1966] 1 WLR 125 Re Macks; Ex parte Saint [2000] HCA 62; (2000) 204 CLR 158 Re Office-Co Furniture Pty Ltd [1999] QSC 63; [2000] 2 Qd R 49 Re Trivan Pty Ltd (1996) 14 ACLC 1654 Vickers v Challenge Australian Dairy Pty Ltd [2011] FCA 10; (2011) 190 FCR 569 White v Norman [2012] FCA 33; (2012) 199 FCR 488 Whitton v ACN 003 266 886 Pty Ltd (in liq) (1996) 42 NSWLR 123
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