NSW Caselaw
Reported Decision : (2002) 20 ACLC 1304
New South Wales Supreme Court
CITATION : Manpac Industries Pty Ltd v Ceccattini [2002] NSWSC 330 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 4440/97 HEARING DATE(S) : 8, 9, 10 April 2002 JUDGMENT DATE : 23 April 2002
Manpac Industries Pty Ltd (P) PARTIES : Gualtiero Ceccattini (D1) Emilio de Michelis (D2) Rocco Mura (D3) JUDGMENT OF : Young CJ in Eq
COUNSEL : W Haffenden (P) J M Ireland QC and C Dimitriadis (D1 & 2) SOLICITORS : Smits Leslie (P) Marsdens (D1 & 2) CATCHWORDS : CORPORATIONS [328] [329] [330]- Personal liability- Insolvent trading- Directors appoint consultant to advise- Whether consultant responsible for advising board as to solvency- Whether directors ought fairly to be excused. LEGISLATION CITED : Corporations Act ss 588G, 588H, 588M, 1317S, 1318 Commonwealth Bank of Australia v Friedrich (1991) 5 ACSR 115 Daniels v Anderson (1995) 37 NSWLR 438 Emwest Products Pty Ltd v Olifent (1996) 22 ACSR 202 Hamilton v BHP Steel (JLA) Ltd 1995) ACLC 1548 CASES CITED : Kenna & Brown Pty Ltd v Kenna (1999) 32 ACSR 430 Melbase Corp Pty Ltd v Segenhoe Ltd (1995) 17 ACSR 187 Partridge v Equity Trustees Executors & Agency Co Ltd (1947) 75 CLR 149 Southern Cross Interiors Pty Ltd v Deputy Commissioner of Taxation (2001) 39 ACSR 305 Statewide Tobacco Services Ltd v Morley (1990) 2 ACSR 405 Tourprint International Pty Ltd v Bott (1999) 32 ACSR 201 DECISION : See para 79.
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