Kijurina (as liquidator of ET Family Pty Limited) v Taouk [2015] FCA 424

FEDERAL COURT OF AUSTRALIA Kijurina (as liquidator of ET Family Pty Limited) v Taouk [2015] FCA 424 Citation: Kijurina (as liquidator of ET Family Pty Limited) v Taouk [2015] FCA 424

Parties: BRENT TREVOR-ALEX KIJURINA AND RICHARD ALBARRAN IN THEIR CAPACITY AS LIQUIDATORS OF ET FAMILY PTY LIMITED (IN LIQUIDATION) ACN 143 414 662, BRENT TREVOR-ALEX KIJURINA AND RICHARD ALBARRAN IN THEIR CAPACITY AS LIQUIDATORS OF MEA GROUP PTY LIMITED (IN LIQUIDATION) ACN 159 812 870, ET FAMILY PTY LIMITED (IN LIQUIDATION) ACN 143 414 662 and MEA GROUP PTY LIMITED (IN LIQUIDATION) ACN 159 812 870 v EDMOND TAOUK

File number: NSD 354 of 2014

Judge: EDMONDS J

Date of judgment: 8 May 2015

Catchwords: CORPORATIONS – where liquidators of companies seeking orders to recover statutory and/or equitable compensation from director – where use by director of company assets for personal financial benefit – where transfer of company assets by director to spouse pursuant to Binding Financial Agreement under Family Law Act 1975 (Cth) – whether transactions insolvent transactions – whether transactions uncommercial – whether transactions voidable transactions – whether transactions unreasonable director-related transactions – whether breach of statutory and fiduciary director's duties – whether reasonable person in director's position would have entered into transactions

Legislation: Corporations Act 2001 (Cth) ss 9, 180, 181, 182, 183, 185, 588FB, 588FC, 588FDA, 588FE, 588FF, 1317H, 1324 Federal Court of Australia Act 1976 (Cth) s 51A Family Law Act 1975 (Cth) s 90C

Cases cited: Australian Securities and Investments Commission v Adler (2002) 168 FLR 253 cited Baxter v Obacelo Pty Ltd (2001) 205 CLR 635 cited Daniels & Ors (formerly practicing as Deloitte Hoskins & Sells) v Anderson & Ors (1995) 37 NSWLR 438 cited Gazal Apparel Pty Ltd v Davies [2007] SASC 91 cited Grimaldi v Chameleon Mining NL & Anor (No 2) (2012) 200 FCR 296 cited Hall & Anor as Liquidators of New Tel Ltd v Ledge Finance Ltd [2005] NSWSC 645 cited Harris Scarfe Ltd (in Liq) & Anor (2006) 203 FLR 46 cited Kazar (in his capacity as the Liquidator of Frontier Architects Pty Ltd)(in liq)v Kargarian & Anor (2010) 81 ACSR 158 applied Michael Edward Slaven v Clinton John Menegazzo [2009] ACTSC 94 followed Parker, In the matter of Purcom No 34 Pty Ltd (In Liq) (No 2) [2010] FCA 624 applied Pegulan Floor Coverings Pty Ltd v Carter (1997) 24 ACSR 651 cited Re Dawson [1966] 2 NSWR 211 cited Re Employ (No 96) Pty Ltd (in liq) (2013) 93 ACSR 48 cited Tavistock Pty Ltd & Anor v Saulsman & Ors (1990) 3 ACSR 502 cited Weaver (as liquidator of Harburn Group Australia Pty Ltd) & Ors v Harburn & Anor (2014) 103 ACSR 416 cited