Horizon Capital Fund (Registration Number B218924) v BCC Trade Credit Pty Ltd [2023] NSWSC 1253

Supreme Court New South Wales

Medium Neutral Citation: Horizon Capital Fund (Registration Number B218924) v BCC Trade Credit Pty Ltd [2023] NSWSC 1253 Hearing dates: 20 October 2023 Date of orders: 25 October 2023 Decision date: 25 October 2023 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Plaintiff granted leave to continue proceedings against Hong Kong and Labuan companies; dissolved United Kingdom company removed as defendant Catchwords: CIVIL PROCEDURE – whether plaintiff should have leave to continue proceedings against Hong Kong company – whether Labuan company and United Kingdom company should be removed as defendants Legislation Cited: Companies Act 2006 (UK) c 46 Companies Ordinance (Hong Kong) cap 622 Companies (Winding Up and Miscellaneous Provisions) Ordinance (Hong Kong) cap 32 Corporations Act 2001 (Cth) Cross-Border Insolvency Act 2008 (Cth) Labuan Companies Act 1990 (Malaysia) Rules of Court 2012 (Malaysia) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Agar v Hyde (2000) 201 CLR 552; [2000] HCA 41 Deputy Commissioner of Taxation v Australian Securities and Investments Commission [2011] FCA 219 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 Fund (Registration Number B218924) (Plaintiff) BCC Trade Credit Pty Ltd (First Defendant) Tokio Marine & Nichido Fire Insurance Co. Ltd. (Second Defendant) Longview Resources (AU) Pty Ltd (Third Defendant) Longview Resources (HK) Limited (CR 1107401) (in liq) (Fourth Defendant) Longview Resources (LABUAN) Ltd (NBIN LL10421) (Fifth Defendant) Longview Resources (UK) Ltd (CRN 11 507 683) (dissolved) (Sixth Defendant) Representation: Counsel: D H Mitchell with M Caristo (Plaintiff)