Arcfab v Boral, Arcfab v Flyash [2002] NSWSC 1188

Reported Decision : 43 ACSR 573 (2003) 21 ACLC 151

New South Wales Supreme Court

CITATION : Arcfab v Boral, Arcfab v Flyash [2002] NSWSC 1188 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2530/01, 2531/01, 2532/01 HEARING DATE(S) : 4 November, 2 December 2002 JUDGMENT DATE : 11 December 2002

Arcfab Pty Ltd (P) 2530/01, 2531/01, 2532/01 PARTIES : Boral Ltd (D) 2530/01, 2531/01 Flyash Australia Ltd (D) 2532/01 JUDGMENT OF : Austin J

COUNSEL : Mr M Dempsey with Mr M Henry (A/D) Mr V F Kerr (R) SOLICITORS : Murphy & Maloney (A/D) Williams Lawyers, Bowral (R) CATCHWORDS : CORPORATIONS - deed of company arrangement - deed incorporating s 553C of Corporations Act - claims by and against company extinguished by deed of company arrangement - whether, after termination of deed, company can sue to recover net amount claimed from defendant Corporations Act 2001 (Cth) ss 444A, 444D, 444H, 553C LEGISLATION CITED : Corporations Regulations Reg 5.3.A.06 & Sch 8A cl 2, 6 & 8 Supreme Court Rules Pt 31 r 2 ABB Engineering Constructions Pty Ltd v Freight Rail Corporation [1999] NSWSC 1037 Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 Citicorp Australia Ltd v Official Trustee in Bankruptcy (1996) 71 FCR 550 GM & AM Pearce and Co Pty Ltd v RGM Australia Pty Ltd [1998] 4 VR 888 CASES CITED : Gye v McIntyre (1999) 171 CLR 609 Hathway v Cavanagh [2002] NSWSC 1113 Metal Manufactures Ltd v Hall (as administrator of Transtate Pty Ltd) [2002] NSWSC 298 Stein v Blake [1996] AC 243 Young v Sherman [2002] NSWCA 281 DECISION : See under heading "Conclusion"