Horizon Capital Financial S.A. R.L (Numero d'immatriculation B218902) v BCC Trade Credit Pty Ltd [2023] NSWSC 917

Supreme Court New South Wales

Medium Neutral Citation: Horizon Capital Financial S.A. R.L (Numero d'immatriculation B218902) v BCC Trade Credit Pty Ltd [2023] NSWSC 917 Hearing dates: 4 August 2023 Date of orders: 4 August 2023 Decision date: 04 August 2023 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Leave to proceed under rule 11.8AA of the Uniform Civil Procedure Rules 2005 (NSW) granted Catchwords: CIVIL PROCEDURE – service outside Australia – application for leave to proceed against foreign corporate defendants that failed to enter an appearance – where foreign corporate defendants subject to winding up proceedings in Hong Kong and Singapore Legislation Cited: Companies (Winding up and Miscellaneous Provisions) Ordinance (Hong Kong) Corporations Act 2001 (Cth) Cross-Border Insolvency Act 2008 (Cth) Insolvency, Restructuring and Dissolution Act 2018 (Singapore) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Agar v Hyde (2000) 201 CLR 552; [2000] HCA 41 Horizon Capital Fund (Luxembourg Business Registration No. B218924) v Insurance Australia Ltd; Horizon Capital Fund (Luxembourg Business Registration No. B218924) v Tokio Marine & Nichido Fire Insurance Co. Ltd [2023] NSWSC 389 Rossiter v Core Mining Limited [2015] NSWSC 360 Category: Procedural rulings Parties: Horizon Capital Financial S.A. R.L (Numero d'immatriculation B218902) (First Plaintiff) Horizon Capital Financial S.A. R.L (Numero d'immatriculation B218924) (Second Plaintiff) BCC Trade Credit Pty Ltd (First Defendant) Tokio Marine & Nichido Fire Insurance Co Ltd (Second Defendant) Lemarc Agromond Pty Ltd (Third Defendant) Lemarc Agromond Pte Ltd (UNE 201507555G) (Fourth Defendant) Lemarc Agromond Limited (2034446) (Fifth Defendant) Representation: Counsel: D H Mitchell with M Caristo (Plaintiffs) B Yin (First and Second Defendants)