NSW Caselaw
Reported Decision : (2003) 45 ACSR 290 (2003) 21 ACLC 1226
New South Wales Supreme Court
CITATION : Dean-Willcocks v ACG Engineering [2003] NSWSC 353 HEARING DATE(S) : 28 April 2003 JUDGMENT DATE : 29 April 2003 JURISDICTION: Equity JUDGMENT OF : Austin J DECISION : Declaration that the plaintiff holds the Administration Fund in trust for the Deed Creditors
CATCHWORDS : CORPORATIONS - liquidation and voluntary administration - administration under deed of company arrangement - fund is established under deed but not distributed before company goes into liquidation - whether fund is held solely for deed creditors, or for all creditors including post-deed creditors LEGISLATION CITED : Corporations Act 2001 (Cth) ss 444D, 444G Corporations Regulations Reg 5.3A.07 and Schedule 8A Barclays Bank Ltd v Quistclose Investments Ltd [1970] AC 567 Carreras Rothmans Ltd v Freeman Matthew Treasure Ltd (in liq) [1995] 1 All ER 155 Re Australian Elizabethan Theatre Trust (1999) 30 FCR 491 CASES CITED : Re GB Nathan Pty Ltd (in liq) (1991) 24 NSWLR 674 Re Spargold Enterprises Pty Ltd; ex parte McDonald [1999] NSWSC 63 Tito v Waddell (No 2) [1977] 3 All ER 129 Twinsectra Ltd v Yardley [2002] 2 All ER 377 PARTIES : Ronald John Dean-Willcocks (P) ACG Engineering Pty Ltd (in liquidation) (D) FILE NUMBER(S) : SC 2091/03 COUNSEL : Mr G Cussen (Solicitor) (P) SOLICITORS : Kemp Strang (P)
IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION
AUSTIN J
TUESDAY 29 APRIL 2003
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