Bridgeport - Advisers & Asset Managers Pty Ltd [2005] NSWSC 757

New South Wales Supreme Court

CITATION : Bridgeport - Advisers & Asset Managers Pty Ltd [2005] NSWSC 757

HEARING DATE(S) : 22/07/05

JUDGMENT DATE : 2 August 2005

Equity Division JURISDICTION : Corporations List

JUDGMENT OF : Barrett J

DECISION : Examinees' application for orders discharging examination summonses and setting aside orders for production refused. Applications for review of various decisions of deed administrators refused.

CATCHWORDS : CORPORATIONS - administration - examinations under Part 5.9 - whether examinations to be undertaken for impermissible purposes - whether abuse of process - whether three day time limit in rule 11.5(2) may be extended - CORPORATIONS - deed of company arrangement - deed administrators defer consideration of claimants claim - whether court should review administrators' decisions

Corporations Act 2001 (Cth), Part 5.9, s.183(1) LEGISLATION CITED : Supreme Court (Corporations) Rules 1999, rule 11.5

David Grant & Co Pty Ltd v Westpac Banking Corporation (1995) 184 CLR 265 Flanders v Beatty (1995) 16 ACSR 324 Mine & Quarry Equipment International Ltd v McIntosh [2005] QCA 186 CASES CITED : Re Markethaven Pty Ltd; Commonwealth v Sheahan [2004] FCA 1301 Re New Tel Ltd; Evans v Wainter Pty Ltd [2005] FCAFC 114 Sandhurst Trustees Ltd v Harvey (2004) 206 ALR 594 Yeomans v Walker (1986) 5 NSWLR 378

Roderick Mackay Sutherland and Sule Arnautovic as Deed Administrators of Bridgeport - Advisers & Asset Managers Pty Limited - Plaintiffs Wealthwise Financial Planning Pty Limited - First Applicant Sentinel Wealth Management Pty Limited - Second Applicant Justin Hooper - Third Applicant PARTIES : Brian May - Fourth Applicant Robert White - Fifth Applicant Karin De Mamiel - Sixth Applicant