NSW Caselaw
Reported Decision : 47 ACSR 686
New South Wales Supreme Court
CITATION : Macks v Valamios Produce (No 2) [2003] NSWSC 1044 revised - 12/11/2003 HEARING DATE(S) : 10/11/03 JUDGMENT DATE : 12 November 2003
JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Application for security for costs dismissed
CATCHWORDS : CORPORATIONS - winding up - application on grounds of insolvency - strong evidence of insolvency even apart from s.459C presumption - plaintiff seen by defendant as contingent or prospective creditor but claims to be direct creditor - plaintiff is trustee in bankruptcy - whether security for costs mandatory under s.462(4) - whether security for costs should be ordered LEGISLATION CITED : Corporations Act 2001 (Cth), s.459C, 462(4) Adsett v Berlouis (1992) 37 FCR 201 Re Austral Group Investment Management Ltd [1993] 2 NZLR 693 CASES CITED : Australia and New Zealand Banking Group Ltd v Ringrong Pty Ltd (unreported, FCA, 11 September 1995) Cowell v Taylor (1885) 31 ChD 34 Riot Nominees Pty Ltd v Suzuki Australia Pty Ltd (1981) 34 ALR 653 Timbertown Community Enterprises Ltd v Holiday Coast Credit Union Ltd (1997) 15 ACLC 1679 PARTIES : Peter Ivan Macks as Trustee for Efstratios Valamios and Constantina Valamios - Plaintiff Valamios Produce Pty Limited - Defendant FILE NUMBER(S) : SC 5299/03 COUNSEL : Mr J T Johnson - Plaintiff Mr R K Newton - Defendant SOLICITORS : Sally Nash & Co - Plaintiff Brown & Partners - Defendant
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate