Alari (Trustee), in the matter of Rizzo-Bottiglieri-de Carlini Armatori SpA (Trustees in Bankruptcy appointed) v Rizzo-Bottiglieri-de Carlini Armatori SpA (No 2) [2018] FCA 1067

FEDERAL COURT OF AUSTRALIA

Alari (Trustee), in the matter of Rizzo-Bottiglieri-de Carlini Armatori SpA (Trustees in Bankruptcy appointed) v Rizzo-Bottiglieri-de Carlini Armatori SpA (No 2) [2018] FCA 1067 File number: NSD 110 of 2018

Judge: RARES J

Date of judgment: 29 June 2018

Catchwords: BANKRUPTCY AND INSOLVENCY – cross-border insolvency – application for recognition of foreign bankruptcy proceeding as foreign main proceeding under Art 17 of Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law (Model Law) pursuant to Cross-Border Insolvency Act 2008 (Cth) – where foreign bankruptcy proceeding analogous to liquidation under Pt 5.4 of Corporations Act 2001 (Cth) – consideration of temporal duration and modification or termination of stay under Art 20(2) of Model Law – whether foreign shipping line required to advertise automatic termination of stay under r 15A.7 of Federal Court (Corporations) Rules 2000

Legislation: Corporations Act 2001 (Cth) Pt 5.4 Cross-Border Insolvency Act 2008 (Cth) Sch 1, s 16 Federal Court (Corporations) Rules 2000 r 15A.7 Italian Bankruptcy Act Arts 51, 54, 89, 111 Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law Arts 2, 15, 17, 20

Cases cited: Board of Directors of Rizzo-Bottiglieri-De Carlini Armatori SpA v Rizzo-Bottiglieri-De Carlini Armatori SpA [2018] FCA 153 Yakushiji v Daiichi Chuo Kaisen Kaisha [2015] FCA 1170 Yu v STX Pan Ocean Co Ltd (2013) 223 FCR 189

Date of hearing: 1 March 2018 and 29 June 2018