Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Australian Securities and Investments Commission v CME Capital Australia Pty Ltd [2015] FCA 1489 Citation: Australian Securities and Investments Commission v CME Capital Australia Pty Ltd [2015] FCA 1489
Parties: AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v CME CAPITAL AUSTRALIA PTY LTD (ACN 006 054 995), BOSTON PACIFIC CAPITAL AUSTRALIA PTY LTD (ACN 006 594 396), GKN CAPITAL PTY LTD (ACN 006 582 887), BOSTON PACIFIC CAPITAL PTY LTD (ACN 167 099 087), IMCG PTY LTD (ACN 146 851 649), MICHAEL PETROU, BRANISLAV GRUJICIC, LOMA ESTATE PTY LTD (ACN 157 892 950), BERKSHIRE NWI INVEST LLC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD (ACN 005 357 522), COMMONWEALTH BANK OF AUSTRALIA LIMITED (ACN 123 123 124), SAXO CAPITAL MARKETS (AUSTRALIA) PTY LTD (ACN 110 128 286) and IG MARKETS LIMITED (ABN 84 099 019 851)
File number(s): VID 762 of 2015
Judge(s): MOSHINSKY J
Date of judgment: 21 December 2015
Catchwords: CORPORATIONS – application by Australian Securities and Investments Commission to appoint provisional liquidator – considerations relevant to appointment of provisional liquidator – administrator appointed to companies after application made – administrator formed view that not in the interests of creditors for administration to continue – provisional liquidator appointed
Legislation: Corporations Act 2001 (Cth), ss 9, 44A, 461(l)(k), 113, 283AA, 440A(3), 462(2), 464, 472(2), 601ED(5), 708, 727, 911A, 1041H
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