Federal Court of Australia
Federal Court of Australia
Aquisite Pty Ltd v Moss [2023] FCA 410 File number(s): VID 1401 of 2019
Judgment of: MCELWAINE J
Date of judgment: 5 May 2023
Catchwords: CORPORATIONS – application by assignee of liquidator – voidable transactions – insolvent trading – unfair preferences – unreasonable director-related transactions – uncommercial transactions – breach of fiduciary duty – whether first defendant is shadow or de factor director – claim succeeds in part
Legislation: Corporations Act 2001 (Cth) pt 5.7B, ss 95A, 286, 588DA, 588E, 588FA, 588FDA, 588FB, 588M, 596A, 597 Insolvency Practice Schedule (Corporations), Sch 2 to the Corporations Act 2001 (Cth) cl 100-5 Evidence Act 1995 (Cth) s 46 Federal Court of Australia Act 1976 (Cth) s 37M Federal Court Rules 2011 (Cth) rr 16.03, 16.07
Cases cited: Anderson v Canaccord Genuity Financial Ltd (2022) 161 ACSR 1; [2022] NSWSC 58 Airservices Australia v Ferrier (1996) 185 CLR 483 Australian Securities and Investments Commission v Dunner (2013) 303 ALR 98; [2013] FCA 872 Barnes v Addy (1874) LR 9 Ch App 244 Briginshaw v Briginshaw (1938) 60 CLR 336 Browne v Dunn (1893) 6 R 67 Buzzle Operations Pty Ltd (in liq) v Apple Computer Australia Pty Ltd (2010) 77 ACSR 410; [2010] NSWSC 233 Capital Finance Australia Ltd v Tolcher (2007) 164 FCR 83; [2007] FCAFC 182 Fryer v Powell (2001) 159 FLR 433; [2001] SASC 59 Federal Commissioner of Taxation v Kassem (2012) 205 FCR 156; [2012] FCAFC 124 Gould and Birbeck and Bacon v Mount Oxide Mines Ltd (in liquidation) (1916) 22 CLR 490 Grimaldi v Chameleon Mining NL (No 2) (2012) 200 FCR 296; [2012] FCAFC 6 Lewis v Doran (2004) 184 FLR 454; [2004] NSWSC 608 Mann v Sangria Pty Ltd (2001) 38 ACSR 307; [2001] NSWSC 172 MG Corrosion Consultants Pty Ltd v Gilmour (2012) 202 FCR 354; [2012] FCA 383 Quin v Vlahos (2021) 64 VR 319; [2021] VSCA 205 Re Akron Roads Pty Ltd (in liq) (2016) 348 ALR 704; [2016] VSC 657 Re Pacific Steelfixing Pty Ltd [2021] NSWSC 655 UTSA Pty Ltd (in liq) v Ultra Tune Australia Pty Ltd [1997] 1 VR 667
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