Robinson, in the matter of Reed Constructions Australia Pty Ltd (in liq) [2017] FCA 594

FEDERAL COURT OF AUSTRALIA

Robinson, in the matter of Reed Constructions Australia Pty Ltd (in liq) [2017] FCA 594 File number: NSD 616 of 2017

Judge: GLEESON J

Date of judgment: 1 May 2017

Date of publication of reasons: 8 June 2017

Catchwords: CORPORATIONS – winding up – application by a liquidator under s 477(2B) of the Corporations Act 2001 (Cth) for approval of litigation funding agreement with litigation funder – application for retrospective approval – factors relevant to the exercise of the Court's discretion – application granted

Legislation: Corporations Act 2001 (Cth) Federal Court of Australia Act 1976 (Cth)

Cases cited: Buiscex Ltd v Panfida Foods Ltd (in liq) (1998) 28 ACSR 357 Corporate Affairs Commission v ASC Timber Pty Ltd (1998) 29 ACSR 109 Empire (Aust) Nominees Pty Ltd v Vince [2000] VSC 324; (2000) 35 ACSR 167 Emu Brewery Developments Pty Ltd; re Emu Brewery Developments Pty Ltd [2009] FCA 1212 Fortress Credit Corporation (Australia) II Pty Ltd v Fletcher [2011] FCAFC 89; (2011) 85 ACSR 38 Hamilton, re ACN 101 634 146 Pty Ltd (in liq) [2014] FCA 687 Hughes, re Sales Express Pty Ltd (in Liq) [2016] FCA 423 Leigh; Re AP and PJ King Pty Ltd (in liq) [2006] NSWSC 315 Re McGrath (in their capacity as liquidators of HIH Insurance Ltd) [2010] NSWSC 404; (2010) 266 ALR 642 One.Tel Network Holdings [2001] NSWSC 1065; (2001) 40 ACSR 83 Onefone Australia Pty Ltd v One.Tel Ltd [2010] NSWSC 498; (2010) 78 ACSR 163 Pascoe; re Brentwood Village Ltd (in liq) [2014] FCA 1295 Pascoe; re Matrix Group Ltd (in liq) [2011] FCA 1117 Re ACN 076 673 875 Ltd (rec'r & mgr apptd) (in liq) [2002] NSWSC 578; (2002) 42 ACSR 296 Re HIH Insurance Group Ltd [2001] NSWSC 308; (2001) 19 ACLC 1102 Re Octaviar Administration Pty Ltd (in liq) [2014] NSWSC 344 Re Gerard Cassegrain & Co Pty Ltd (in liq) [2013] NSWSC 257 Stewart, re Newtronics Pty Ltd [2007] FCA 1375