Re United Medical Protection & ors (No.4) [2002] NSWSC 516

Reported Decision : 42 ACSR 218 (2002) 20 ACLC 1647

New South Wales Supreme Court

CITATION : Re United Medical Protection & ors (No.4) [2002] NSWSC 516 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2545/02, 2543/02 HEARING DATE(S) : 7 June 2002 JUDGMENT DATE : 11 June 2002

2545/02 United Medical Protection Ltd (Applicant) Commonwealth of Australia (appearing by leave, though not a party) PARTIES : 2543/02 Australasian Medical Insurance Ltd (Applicant) Commonwealth of Australia (appearing by leave, though not a party) JUDGMENT OF : Austin J

Mr J T Gleeson SC with Mr R A Dick (Applicant) COUNSEL : Mr A J Meagher SC with Mr J E Marshall (Commonwealth of Australia) Mr S G Finch SC with Mr F Gleeson (amicus curiae) SOLICITORS : Freehills (Applicant) Australian Government Solicitor (Commonwealth of Australia) CATCHWORDS : CORPORATIONS - provisional liquidation - powers - whether court can empower provisional liquidator to exercise constitutional power under 'special contracts' - whether approval should be given and directions made for provisional liquidator to enter into further arrangements with Commonwealth LEGISLATION CITED : Corporations Act 2001 (Cth), ss 9, 472, 477, 479, 513A, 588FA, 588FC, 588FF, 588FG Insurance Contracts Act 1984 (Cth), ss 40(3), 58, 58(2), 58(3), 58(4), 60 Bailey v New South Wales Medical Defence Union Ltd (1995) 184 CLR 399 Butterell v Docker Smith Pty Ltd (1997) 41 NSWLR 129 Butterell v The Douglas Group Pty Ltd (2000) 35 ACSR 398 CASES CITED : Ding v Sylvania Waterways Ltd (1999) 46 NSWLR 424 Re United Medical Protection Limited (No 2) [2002] NSWSC 458 Re United Medical Protection Limited (No 3) [2002] NSWSC 488 Re United Medical Protection Limited [2002] NSWSC 413 DECISION : Matter stood over to allow provision of further information