NSW Caselaw
Reported Decision : 52 ACSR 115 (2005) 23 ACLC 188
New South Wales Supreme Court
CITATION : ASIC v Michalik & Ors [2004] NSWSC 1259 HEARING DATE(S) : 20 December, 2004 JUDGMENT DATE : 20 December 2004 JURISDICTION: Equity Division JUDGMENT OF : Palmer J DECISION : Each Defendant sentenced to eighteen months imprisonment; First Defendant fined $120,000; Second Defendant fined $80,000; Defendants ordered to pay indemnity costs.
CATCHWORDS : CONTEMPT OF COURT - CORPORATIONS - ASIC commences proceedings against Defendants alleging contraventions of Corporations Act - Defendants restrained by interlocutory orders from dealing with assets or leaving Australia - in deliberate disobedience of orders, Defendants realise assets and attempt to flee - discussion of relevant factors for consideration in determining punishment. LEGISLATION CITED : - Corporations Act 2001 (Cth) - s.911A, s.911B - Supreme Court Rules 1970 (NSW) - Pt 55 r.6, r.7, r.10, r.13 - Australian Competition & Consumer Commission v Hughes (2004) 207 ALR 116 - Australian Competition & Consumer Commission v World Netsafe Pty Ltd (2003) 133 FCR 279 - ASIC v Matthews (2001) 39 ACSR 110 - Court of Appeal Registrar v Craven (No 2) (1995) 120 FLR 464 - Marriage of Tate (No 3), Re (2003) 30 Fam LR 427 CASES CITED : - Principal Registrar of the Supreme Court of New South Wales v Jando (2001) 53 NSWLR 527 - Registrar of the Court of Appeal v Maniam (No 2) (1992) 26 NSWLR 309 - Registrar of the Court of Appeal v Raad (unrep.) NSWCA, 9 June 1992 - Ryan v Wright (No 2) [2004] NSWSC 1019 - Von Doussa v Owens (No 3) (1982) 31 SASR 166 - Wood v Staunton (No 5) (1996) 86 A Crim R 183 - Young v Jackman (unrep.) NSWCA 2 June 1993 Australian Securities and Investments Commission - Plaintiff PARTIES : Andrzej Janusz Michalik - First Defendant (aka Tomas Tomaszewski and Stanislav Konstanty Krawczyk) Martin Michalik - Second Defendant Kilahim Pty Ltd - Third Defendant FILE NUMBER(S) : SC 4434/04 COUNSEL : D.R. Stack - Plaintiff D.E. Grieve QC, B. Slowgrove - Defendants SOLICITORS : Australian Securities & Investments Commission - Plaintiff Dennis & Co - Defendants
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