Bovis Lend Lease v Wily [2003] NSWSC 884

Reported Decision : 47 ACSR 351

New South Wales Supreme Court

CITATION : Bovis Lend Lease v Wily [2003] NSWSC 884 HEARING DATE(S) : 1, 8 July 2003 (and subsequent written submissions) JUDGMENT DATE : 30 September 2003 JURISDICTION: Equity JUDGMENT OF : Austin J DECISION : See under heading "Conclusions"

CATCHWORDS : CORPORATIONS - voluntary administration and winding up - costs orders against deed administrator after termination of deed -whether orders should be limited to assets of company - whether deed administrator entitled to be indemnified for costs -whether deed administrator should be required to pay costs personally LEGISLATION CITED : Corporations Act 2001 (Cth), ss 443D, 445D, 556, 1322 Adsett v Berlouis (1992) 37 FCR 201 Cresvale Far East Ltd v Cresvale Securities Ltd (No 2) (2001) 39 ACSR 62 Deputy Commissioner of Taxation v Portinex Pty Ltd (No 2) (2000) 34 ACSR 422 CASES CITED : Elderslie Finance Corporation Ltd v Australian Securities Commission (1993) 11 ACSR 157 Kirwan v Cresvale Far East Ltd (in liq) (2002) 44 ACSR 21 Re Biposo Pty Ltd; Condon v Rogers (No 3) (1995) 17 ACSR 730 Re NRMA Insurance (No.1) Limited (2000) 33 ACSR 595 Sanderson v Blyth Theatre Co [1903] 2 KB 533 6062/01 Bovis Lend Lease Pty Ltd (P) Andrew Wily (D1) Thomas Javorsky (D2)

1309/02 Bovis Lend Lease Pty Ltd (P, XD) Thomas Javorsky (D1, XC1) Interline Interior Linings Pty Ltd (in liquidation) (administrator appointed) (D2) PARTIES : Interline Interior Linings (NSW) Pty Ltd (D3) Andrew Wily (D4) Tui Turipa Ullrich Gilbert (D5) David Anthony Hurst (D6, XC2)