Van der Velde (Liquidators), in the matter of Launcells Feedlot Systems Pty Ltd (in liq) [2014] FCA 1309

FEDERAL COURT OF AUSTRALIA

Van der Velde (Liquidators), in the matter of Launcells Feedlot Systems Pty Ltd (in liq) [2014] FCA 1309 Citation: Van der Velde (Liquidators), in the matter of Launcells Feedlot Systems Pty Ltd (in liq) [2014] FCA 1309

Parties: TERRY GRANT VAN DER VELDE AND ANNE MEAGHER AS LIQUIDATORS OF LAUNCELLS FEEDLOT SYSTEMS PTY LTD (IN LIQUIDATION) ACN 063 640 344

File number: QUD 553 of 2014

Judge: LOGAN J

Date of judgment: 16 October 2014

Catchwords: BANKRUPTCY AND INSOLVENCY – ex parte application for issue of summonses and examination pursuant to s 596A of the Corporations Act 2001 (Cth) (Corporations Act) – Court satisfied that the persons concerned may be able to give information pursuant of s 596B of the Corporations Act - application for approval under s 477(2B) of the Corporations Act to enter into litigation funding agreements for the purpose of commencing litigation – confidentiality orders sought to preserve the prevention of prejudice to the property administration of justice – orders granted pursuant to PT VAA of the Federal Court of Australia Act 1976 (Cth) and s 23 - Jones, Saker, Weaver and Stewart (Liquidators), in the matter of Great Southern Limited (in liq) (Receivers and Managers Appointed) [2012] FCA 1072 applied

Legislation: Corporations Act 2001 (Cth) ss 477, 596A, 596B Federal Court of Australia Act 1976 (Cth) ss 23, 37AG, 50

Cases cited: Grosvenor Hill (Qld) Pty Ltd v Barber (1994) 48 FCR 301 considered Jones, Saker, Weaver and Stewart (Liquidators), in the matter of Great Southern Limited (in liq) (Receivers and Managers Appointed) [2012] FCA 1072 applied Re The Bell Group Ltd (in liq); Ex parte Woodings [2009] WASC 235 followed