Mali, in the matter of Head Quarters (WA) Pty Ltd v Head Quarters (WA) Pty Ltd as trustee for the Three Flights Up Unit Trust [2016] FCA 171

FEDERAL COURT OF AUSTRALIA

Mali, in the matter of Head Quarters (WA) Pty Ltd v Head Quarters (WA) Pty Ltd as trustee for the Three Flights Up Unit Trust [2016] FCA 171 File number: QUD 1150 of 2015

Judge: EDELMAN J

Date of judgment: 1 March 2016

Catchwords: CORPORATIONS –leave to bring the proceedings on behalf of a company – alleged breaches of fiduciary duty – alleged knowingly procuring breaches of fiduciary duty – whether criteria in ss 236 and 237 of the Corporations Act are satisfied

Legislation: Corporations Act 2001 (Cth) ss 182(1), 183(1), 236, 236(1)(a), 236(1)(b), 237, 237(2)(a), 237(2)(b), 237(2)(c), 237(2)(e), 237(3), 237(3)(b), 237(3)(c)(ii), 240

Cases cited: Alleyne v Darcy (1854) 4 I Ch R 199 Chahwan v Euphoric Pty Ltd t/as Clay & Michel [2008] NSWCA 52; (2008) 245 ALR 780 Eaves v Hickson (1861) 30 Beav 136; (1861) 54 ER 840 Fyler v Fyler (1841) 3 Beav 550; (1841) 49 ER 216 Howard v Commissioner of Taxation [2014] HCA 21; (2014) 253 CLR 83 Keech v Sandford (1726) Sel Cas Ch 61; (1726) 25 ER 223 Midgley v Midgley [1893] 3 Ch 282 Norris v Le Neve Ridgeway (1745) Temp Hardwicke 322; (1745) 27 ER 843 Robash Pty Ltd v Gladstone Pacific Nickel Ltd [2011] NSWSC 1235; (2011) 86 ACSR 432 Tang Man Sit v Capacious Investments Ltd [1996] 2 WLR 192; [1996] AC 514 Warman International Ltd v Dwyer [1995] HCA 18; (1995) 182 CLR 544