Asden Developments Pty Ltd (in liq) v Dinoris (No 3) [2016] FCA 788

FEDERAL COURT OF AUSTRALIA

Asden Developments Pty Ltd (in liq) v Dinoris (No 3) [2016] FCA 788 File number: QUD 578 of 2014

Judge: REEVES J

Date of judgment: 5 July 2016

Catchwords: CORPORATIONS – liquidators' statutory duties – whether liquidator breached s 180 of the Corporations Act 2001 (Cth) – whether liquidator's conduct demonstrated the required degree of care and diligence that was reasonable in all the circumstances – whether breach of s 180 of the Corporations Act 2001 (Cth) caused the applicant company damage or loss under s 1317H of the Corporations Act 2001 (Cth) – consideration of principles on causation – consideration of principles on subjective evidence regarding what an individual would or would not have done in particular circumstances

Legislation: Civil Liability Act 2002 (NSW) Civil Liability Act 2003 (Qld) Civil Liability Act 2002 (Tas) Civil Liability Act 2002 (WA) Corporations Act 2001 (Cth) Evidence Act 1995 (Cth) Federal Court Rules 2011 (Cth) Trade Practices Act 1974 (Cth) (now s 18 of the Australian Consumer Law)

Cases cited: Adler v Australian Securities and Investments Commission (2003) 179 FLR 1; [2003] NSWCA 131 Agricultural Land Management Ltd v Jackson (No 2) (2014) 48 WAR 1; [2014] WASC 102 Australian Securities and Investments Commission v Dunner (2013) 303 ALR 98; [2013] FCA 872 Australian Securities and Investments Commission v Fortescue Group Ltd (No 5) (2009) 264 ALR 201; [2009] FCA 1586 Australian Securities and Investments Commission v Fortescue Metals Group Ltd (2011) 190 FCR 364; [2011] FCAFC 19 Australian Securities and Investments Commission v Rich (2009) 236 FLR 1; [2009] NSWSC 1229 Australian Securities and Investments Commission v Vines (2003) 48 ACSR 291; [2003] NSWSC 1095 Australian Securities and Investments Commission v Vines (2005) 55 ACSR 617; [2005] NSWSC 738 Dasreef Pty Limited v Hawchar (2011) 243 CLR 588; [2011] HCA 21 Forge v Australian Securities and Investments Commission (2004) 213 ALR 574; [2004] NSWCA 448 Jenkins v Jonkay Pty Ltd [2007] FCA 858 Lord Buddha Pty Ltd (In Liq) v Harpur (2013) 41 VR 159; [2013] VSCA 101 March v E & MH Stramare Pty Ltd (1991) 171 CLR 506 Pace v Antlers Pty Ltd (in liquidation) (1998) 80 FCR 485 Rosenberg v Percival (2001) 205 CLR 434; [2001] HCA 18 Shafron v Australian Securities and Investments Commission (2012) 247 CLR 465; [2012] HCA 18 Sydlow Pty Ltd (In Liquidation) v TG Kotselas Pty Ltd (1996) 65 FCR 234 Tabet v Gett (2010) 240 CLR 537; [2010] HCA 12 Viscariello v Macks (2014) 103 ACSR 542; [2014] SASC 189 Final Report of the Review of the Law of Negligence, (Commonwealth of Australia, Canberra, September 2002) Freckelton and Selby, Expert Evidence (5th ed, Law Book Co, 2013)