Fedorovitch v St Aubins Pty Ltd (No 2) [1999] NSWSC 776

Reported Decision : [1999] 17 ACLC 1558

New South Wales Supreme Court CITATION : Fedorovitch v St Aubins Pty Ltd (No 2) [1999] NSWSC 776 CURRENT JURISDICTION : Equity FILE NUMBER(S) : 5152/97 HEARING DATE(S) : 21/07/99 JUDGMENT DATE : 21 July 1999

Serge Fedorovitch and Mary Fedorovitch (P) PARTIES : St Aubins Pty Ltd (D1) Robert Frederick King (D2) Christine Wendy Lopacinski (D3) JUDGMENT OF : Young J

R D Wilson (P) COUNSEL : I E Davidson (D2) A Enright (D3) A W M Dickinson & Son (P) SOLICITORS : Teece Hodgson & Ward (D2) Jenny Bull & Company (D3) CATCHWORDS : Corporations [33]- Internal dispute- Oppression- Home unit company- Remedy- Who should buy out whom- How shares valued- No element of compensation may be added- How capital gains tax dealt with. Valuation [24]- Shares- Home unit company- Whether capital gains tax relevant ACTS CITED : Corporations Law ss 246AA, 246AA(2), 246AA(2)(e) (UK) Companies Act 1948 s 210 Re A Company; Ex parte Shooter [1990] BCLC 384 Re Bodaibo Pty Ltd (1992) 6ACSR 509 Re Brenfield Squash Racquets Club Ltd [1996] 2 BCLC 184 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (1998) 28 ACSR 688 Joondalup Gates Pty Ltd v Minister for Lands (1996) 33 ATR 327 CASES CITED : Kontos v Roads and Traffic Authority (1992) 75 LGRA 218 Kizquari Pty Ltd v Prestoo Pty Ltd (1993) 10 ACSR 606 O'Neill v Phillips [1991] 1 WLR 1092 Provan v HCL Real Estate Ltd (1992) 24 ATR 238 Russellan Pty Ltd v Roads and Traffic Authority (1992) 75 LGRA 263 Wilton-Davies v Kirk [1998] 1 BCLC 274 DECISION : See para 43