Kassem (liquidator), in the matter of GKIII Hospitality Group Pty Ltd (in liq) v Khouzame [2024] FCA 476

Federal Court of Australia

Kassem (liquidator), in the matter of GKIII Hospitality Group Pty Ltd (in liq) v Khouzame [2024] FCA 476 File number(s): NSD 382 of 2024

Judgment of: HALLEY J

Date of judgment: 5 April 2024

Date of publication of reasons: 8 May 2024

Catchwords: CORPORATIONS – ex parte application for freezing orders under s 1323 of the Corporations Act 2001 (Cth) – whether preconditions for making of an order satisfied – whether orders are necessary or desirable to protect the interests of aggrieved persons – where application urgent due to impending sale of defendant's property – orders made

Legislation: Corporations Act 2001 (Cth) Pt 5.3B, ss 530A, 588G, 588M, 588V, 588W and 1323

Cases cited: Australian Securities and Investments Commission v Burnard (2007) 64 ACSR 360; [2007] NSWSC 1217 Australian Securities and Investments Commission v Krecichwost (2007) 213 FLR 314; [2007] NSWSC 948 Australian Securities and Investments Commission v Sigalla [2010] NSWSC 1423 Australian Securities Commission v AS Nominees Ltd (1995) 62 FCR 504 Re Richstar Enterprises Pty Ltd (No 3) (2006) 232 ALR 577; [2006] FCA 433

Division: General Division

Registry: New South Wales

National Practice Area: Commercial and Corporations

Sub-area: Corporations and Corporate Insolvency

Number of paragraphs: 38

Date of hearing: 5 April 2024

Counsel for the Plaintiffs: Mr J Parrish

Solicitor for the Plaintiffs: Yazbeck Law

ORDERS NSD 382 of 2024 IN THE MATTER OF GKIII HOSPITALITY GROUP PTY LTD (IN LIQUIDATION) ACN 609 859 243 BETWEEN: OZEM KASSEM IN HIS CAPACITY AS LIQUIDATOR OF GKIII HOSPITALITY GROUP PTY LTD (IN LIQUIDATION) ACN 609 859 243 First Plaintiff