Daewoo v Suncorp-Metway [2000] NSWSC 35

[2000] 48 NSWLR 692 Reported Decision : [2000] 155 FLR 54 [2000] 33 ACSR 481 (2000) 18 ACLC 212

New South Wales Supreme Court

CITATION : Daewoo v Suncorp-Metway [2000] NSWSC 35 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 4548/99 HEARING DATE(S) : 8, 10 & 14 December 1999 JUDGMENT DATE : 11 February 2000

PARTIES : Daewoo Australia Pty Ltd (P) Suncorp-Metway Ltd (D) JUDGMENT OF : Austin J

COUNSEL : D J Hammerschlag (P) J Sheahan SC (D) SOLICITORS : Blake Dawson Waldron (P) Corrs Chambers Westgarth (D) CATCHWORDS : CORPORATIONS - companies - winding up - statutory demand - whether demand expressed in foreign currency falls within s 459E - whether failure to make demand in Australian currency is a defect within s 459J(1)(a) - whether failure to state address in New South Wales is such a defect - whether affidavit complies with s 459E without expressing deponent's belief in the truth of matters deposed to - whether facts provided 'some other reason' for setting demand aside under s 459J(1)(b) Corporations Law ss 109U, 459C, 459E, 459J, 467, 553, 588G LEGISLATION CITED : Corporations Regulation 1.0.03 and Form 509H Income Tax Assessment Act 1936 (Cth) s 218 Supreme Court Rules Part 80A Rule 15(1) and Form 154FA Alcatel Australia Ltd & Anor v PRB Holdings Pty Ltd (1998) 27 ACSR 708 Anscorp Pty Ltd v GRS Nominees Pty Ltd (Federal Court of Australia, Olney J, unreported, 11 March 1994) Australia and New Zealand Banking Group Ltd v Cawood [1987] 1 Qd R 131 Beta Trading Co Pty Ltd v Specialised Laminators (1997) 15 ACLC 270 Brown Boveri (Australia) Pty Ltd v Baltic Shipping Co (1989) 15 NSWLR 448 Case of Mixed Money; Gilbert v Brett (1604) Davie's (Ireland) 18; 2 State Trials 114; Co Litt 207a and b) Chippendale Printing Co Pty Ltd v Deputy Commissioner of Taxation (1995) 15 ACSR 682 Choice Investments Ltd v Jeromnimon and Midland Bank Ltd [1981] QB 149 Deputy Commissioner of Taxation v Conley (Federal Court of Australia, Full Court, 21 October 1998, unreported) Deputy Commissioner of Taxation v CYE International Pty Ltd (No 1) (1985) 10 ACLR 303 Ehrensperger v Anderson (1848) 3 Exch 148 GoldSpar Australia Pty Ltd v KWA Design Group Pty Ltd (1999) 17 ACLC 456 Help Desk Institute Pty Ltd v Adams (Supreme Court of New South Wales, Young J, unreported, 18 November 1998) Hoare Bros Pty Ltd v Deputy Commissioner of Taxation 135 ALR 677 International Factors (Singapore) Pty Ltd v Speedy Tyres Pty Ltd (1991) 5 ACSR 250 Jolley v Mainka (1933) 49 CLR 242 Kalamunda Meat Wholesalers Pty Ltd v Reg Russell & Sons Pty Ltd (1994) 51 FCR 446 Kezarne Pty Ltd v Sydney Asbestos Removal Services Pty Ltd 29 ACSR 11 Liu v Minister for Immigration and Multicultural Affairs (1997) 72 FCR 345 Maschinenfabrik Augsburg-Nurenburg Aktiengesellschaft v Altikar Pty Ltd [1984] 3 NSWLR 152 Master Paving Pty Ltd v Heading Contractors Pty Ltd (1997) 15 ACLC 1025 CASES CITED : MEC Import Sales Pty Ltd v Iozzelli (1998) 29 ACSR 229 Mercantile Credits Ltd v Foster Clarke (Aust) Ltd (1964) 112 CLR 169 Miliangos v George Frank (Textiles) Ltd [1976] AC 443 Portrait Express (Sales) Pty Ltd v Kodak (Australasia) Pty Ltd (1996) 14 ACLC 1,095 Re Ad-A-Cab Holdings Pty Ltd (1996) 14 ACLC 1,763 Re Ikin; ex parte Lambourghini Tractors of Australia Pty Ltd (1985) 4 FCR 582 Re Presha Engineering (Aust) Pty Ltd (1983) 1 ACLC 675 Re Rickett, ex parte Insecticide Activated Products Ltd v Official Receiver [1949] 1 All ER 737 Re United Railways of Havana and Regla Warehouses Ltd [1961] AC 1007 Scandon Pty Ltd v Dome Supplies Pty Ltd (1995) 13 ACLC 1,256 Seymour v Serian (NSW CA, unreported, 15 November 1983) Spencer Constructions Pty Ltd v G & M Aldridge Pty Ltd (1997) 76 FCR 452 Sturdy Components Pty Ltd v Burositzmobelfabrik Friedrich W Dauphin Gmbh & Co [1999] NSW SC 595 Swiss Bank Corporation v State of New South Wales (1993) 33 NSWLR 63 The Despina R [1979] AC 685 The Halcyon the Great [1975] 1 WLR 515 Topfelt Pty Ltd v State Bank of New South Wales Ltd (1993) 47 FCR 226 Vehicle Wash Systems Pty Ltd v Mark VII Equipment Inc (1997) 25 ACSR 709 Vishipco Line v Chase Manhattan Bank, 754 F.2d 452 (1985) Ward v Kidswin (1626) Latch 77 Watson v Lee (1979) 144 CLR 374 Woodhouse A C Israel Cocoa Ltd v Nigerian Produce Marketing Co Ltd [1972] AC 741 DECISION : Summons to set aside demand dismissed