James & Anor v Andrews & Ors [2001] NSWSC 716

New South Wales Supreme Court

CITATION : James & Anor v Andrews & Ors [2001] NSWSC 716 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 3431/00 HEARING DATE(S) : 16 August 2001 JUDGMENT DATE : 23 August 2001

Geoffrey James (First Plaintiff)

Cowra Processors Pty Limited (In Liquidation) (Second Plaintiff) v PARTIES : Denis Andrews (First Defendant)

Brian Kelly (Second Defendant)

Mt Erin Pacific (NZ) Limited (Third Defendant) JUDGMENT OF : Acting Master Berecry

COUNSEL : Ps: Mr D J Durston 2D: Mr G O Blake SOLICITORS : Ps: The Argyle Partnership, Lawyers 2D: Addisons, Solicitors CATCHWORDS : Corporations Law - statutory cause of action - duty of directors - Corporations Act - transitional provisions - external powers of the Commonwealth Supreme Court Rules 1970, Pt 10 r 1A & 2, Pt 11 r 8 Corporations Law, ss 95A, 588G, 588M, 588W LEGISLATION CITED : Corporations Act 2001, Pt 10.1, ss 4, 5, 1383, 1399, 1404 The Constitution, s 51(xxix) & (xxxvii) Corporate Law Reform Bill 1992 Corporations (Commonwealth Powers) Act 2001 John Pfeiffer Pty Ltd v Rogerson (2000) 74 ALJR 1109 Agar v Hyde (2000) 74 ALJR 1219 Hyde v Agar (1998) 45 NSWLR 487 CASES CITED : Voth v Manildra Flour Mills Pty Ltd (1990) 171 CLR 538 Jackson v Spittall (1870) LR 5 CP 542 Distillers Co. v Thompson [1971] AC 458 Polyukhovich v The Commonwealth (1990) 172 CLR 501 Pearce v Florenca (1976) 135 CLR 507 DECISION : See paragraph 24 for orders.