Gebo Investments (Labuan) Ltd v Signatory Investments Pty Ltd; Application of Campbell & Ors [2005] NSWSC 544

Reported Decision : 54 ACSR 111 (2005) 23 ACLC 1181

New South Wales Supreme Court

CITATION : Gebo Investments (Labuan) Ltd v Signatory Investments Pty Ltd; Application of Campbell & Ors [2005] NSWSC 544

HEARING DATE(S) : 05/04/05, 06/04/05 Written submissions: 29/04/05, 11/5/05, 12/05/05, 16/05/05, 25/05/05, 26/05/05

JUDGMENT DATE : 9 June 2005

Equity Division JURISDICTION : Corporations List

JUDGMENT OF : Barrett J

DECISION : Amended interlocutory process filed 24 December 2004 dismissed. Interlocutory process filed 29 March 2005 stood over for making of consequential orders.

CATCHWORDS : CORPORATIONS - winding up - jurisdiction to order winding up of "Part 5.7 body" - unregistered foreign company - whether Part 5.7 body status dependent on business currently being carried on in Australia - whether winding up order may be made after business in Australia discontinued - what amounts to carrying on business in Australia

Corporations Act 2001 (Cth), Division 2 Part 5B.2, Part 5.7, ss.9, 21, 205B, 205D, 582(3), 583, 601CL(14) Offshore Companies Act 1990 (Malaysia), ss.2(1), 7, 15 LEGISLATION CITED : Supreme Court Rules, Part 40 rule 9 Trade Practices Act 1974 (Cth), s.52

Actiesselskabet Dampskib "Hercules" v Grand Trunk Pacific Railway Company [1912] 1 KB 222 Australian Securities and Investments Commission v International Unity Insurance (General) Ltd [2004] FCA 1060 Australian Securities and Investments Commission v Edwards (2004) 22 ACLC 1469 Banque des Marchands de Moscou (Koupetschesky) v Kindersley [1950] 2 All ER 105 Corporate Affairs Commission v Drysdale (1978) 141 CLR 236 Dow Jones & Co Inc v Gutnick (2002) 210 CLR 575 40 Dunlop Pneumatic Tyre Co Ltd v Aktien-Gesellschaft Fur Motor Und Motorfahrzeugbau Vorm Cudell & Co [1902] 1 KB 342 Gibson v Barton (1875) LR 10 QB 329 CASES CITED : Hyde v Sullivan (1956) 56 SR (NSW) 113 Luckins v Highway Motel (Carnarvon) Pty Ltd (1975) 133 CLR 164 Okura & Co Ltd v Forsbacka Jernverks Aktiebolag [1914] 1 KB 715 Pearce v Tower Manufacturing & Novelty Co Ltd (1898) 24 VLR 506 Re Hydrodam (Corby) Ltd [1994] 2 BCLC 180 Re Russian Bank for Foreign Trade [1933] 1 Ch 745 Re Wayland (as liquidator of ABC Containerline NV) (2005) 52 ACSR 750 Smith (on behalf of National Parks and Wildlife Service) v Capewell (1979) 142 CLR 509 Starr v Trafalgar Financial Corporation Ltd (1983) 7 ACLR 902