New Cap Reinsurance Corporation Holdings Limited and the Corporations Law [2001] NSWSC 1001

New South Wales Supreme Court

CITATION : New Cap Reinsurance Corporation Holdings Limited and the Corporations Law [2001] NSWSC 1001 revised - 7/11/2001 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 5128/99 HEARING DATE(S) : 05/11/01 JUDGMENT DATE : 5 November 2001

In the matter of NEW CAP REINSURANCE CORPORATION HOLDINGS LIMITED (ARBN 076 137 249) and the Corporations Law PARTIES : JOHN RAYMOND GIBBONS Plaintiff JUDGMENT OF : Santow J

D R PRITCHARD (Plaintiff) S EPSTEIN, SC (ASC P/L & 4 Ors (Mr Saville; Saville Group)) COUNSEL : A BLACK (Solicitor) (Macquarie Equities/ Macquarie Equity Markets Ltd) G M COLMAN (John Trowbridge Consultant P/L) T A ATKINS (solicitor) (Phillips Fox - William Peck) T J SCHEINBERG (solicitor) (PWC (Elsa Payne/ Pat Murray) Henry Davis York (Plaintiff) Deacons (ASC P/L & 4 Ors (Mr Saville; Saville Group)) SOLICITORS : Mallesons Stephen Jaques (Solicitor) (Macquarie Equities/ Macquarie Equity Markets Ltd) Clayton Utz (John Trowbridge Consultant P/L) Freehills (Phillips Fox - William Peck) Blake Dawson Waldron (PWC (Elsa Payne/ Pat Murray) CATCHWORDS : CORPORATIONS - Procedure - Liquidator - Costs of unsuccessful disputants claimed out of proceeds of winding up in relation to opposition to handing over documents earlier produced in examination in context of Liquidator's application for directions - Costs should instead follow event. CASES CITED : Farrow Finance Co Ltd (in Liq) v ANZ Executors and Trustee Co Ltd (1997) 23 ACSR 521 DECISION : Costs to follow event.