ASIC v Adler & 4 Ors [2002] NSWSC 401

New South Wales Supreme Court

CITATION : ASIC v Adler & 4 Ors [2002] NSWSC 401 revised - 08/05/2002 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2753/01 HEARING DATE(S) : 6 May 2002 JUDGMENT DATE : 6 May 2002

In the matter of HIH Insurance Limited (in provisional liquidation) ACN 008 636 575 and HIH Casualty and General Insurance Limited (in provisional liquidation) ACN 008 482 291

Australian Securities & Investments Commission (Plaintiff} PARTIES : Rodney Stephen Adler (First Defendant) Raymond Reginald Williams (Second Defendant) Dominic Fodera (Third Defendant) Adler Corporation Pty Ltd (ACN 054 924 373) (Fourth Defendant) Lynda Sharon Adler (Fifth Defendant) JUDGMENT OF : Santow J

R B S Macfarlan QC/ A Abadee (Plaintiff) COUNSEL : B W Walker, SC (First and Fourth Defendants) P Crutchfield (Second Defendant) J E Sexton, SC (Third Defendant) Jan Redfern, Solicitor for ASIC (Plaintiff) Gilbert & Tobin (First and Fourth Defendant) SOLICITORS : Arnold Bloch Leibler (agent: Sparke Helmore) (Second Defendant) Dibbs Crowther & Osborne (Third Defendant) Speed and Stracey (Fifth Defendant) CATCHWORDS : PROCEDURE - Late application to claim contribution or indemnity - Power and discretion of Court after liability determined when only relief to be argued. LEGISLATION CITED : Corporations Act 2001; s1317H Supreme Court Act Pt 6 r2; s78(1) CASES CITED : Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 Queensland v JL Holdings Pty Limited (1997) 189 CLR 146 DECISION : Application not permitted at present stage.