James v Andrews [2001] NSWSC 1149

Reported Decision : (2002) 20 ACLC 425

New South Wales Supreme Court

CITATION : James v Andrews [2001] NSWSC 1149 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 3431/00 HEARING DATE(S) : 6/12/01 JUDGMENT DATE : 6 December 2001

Geoffrey James (P1) Cowra Processors Pty Ltd (In liq) (P2) PARTIES : Denis Andrews (D1) Brian Kelly (D2) Mt Erin Pacific (NZ) Ltd (D3) JUDGMENT OF : Young CJ in Eq

LOWER COURT Supreme Court (Master) JURISDICTION : LOWER COURT 3431/00 FILE NUMBER(S) : LOWER COURT Acting Master Berecry JUDICIAL OFFICER :

COUNSEL : G Blake (Appellant) D J Durston (Respondent) SOLICITORS : Addisons (Appellant) The Argyle Partnership (Respondent) CATCHWORDS : CONSTITUTIONAL LAW [16]- State legislation- Extra-territorial operation- Corporations Law- Effective to enable overseas directors to be pursued for trading whilst insolvent. CORPORATIONS LAW [258]- Misfeasance- Overseas directors bound by provisions making them personally liable for insolvent trading. LEGISLATION CITED : Constitution Act 1902, s 5 Corporations Law ss 588G, 588M Agar v Hyde (2000) 74 ALJR 1219 Broken Hill South Ltd v Commissioner of Taxation (NSW) (1937) 56 CLR 337 CBS Productions Pty Ltd v O'Neill [1985] 1 NSWLR 601 Commissioner of Stamp Duties (NSW) v Millar (1932) 48 CLR 618 Cox v Tomat (1972) 126 CLR 105 Danae Investment Trust PLC v Macintosh Nominees Pty Ltd (1993) 11 ACSR 523 Dempster v National Companies and Securities Commission (1993) 9 WAR 215 CASES CITED : Foster v Aloni [1951] VLR 481 Horn v York Paper Company Ltd (1990) 3 ACSR 417 Ingram v Ingram (1938) 38 SR (NSW) 407 Johnson v Commissioner of Stamp Dutes (NSW) [1956] AC 331 National Companies & Securities Commission v Brierley Investments Ltd (1988) 14 NSWLR 273 Re Al Fawwaz [2001] 4 All ER 149 The Myer Emporium Ltd v Commissioner of Stamp Duties (1967) 68 SR NSW) 220 Welker v Hewett (1969) 120 CLR 503 White v Briggs Thurburn Acraman & Co (1843) 5 Dunlop (Court of Sessions) 1148 DECISION : Appeal dismissed with costs.