NSW Caselaw
Reported Decision : 53 ACSR 295 (2005) 23 ACLC 536
New South Wales Court of Appeal
CITATION: Sims and Singleton as Liquidators of Enron Australia Pty Limited v TXU Electricity Limited & Anor [2005] NSWCA 12
HEARING DATE(S): 7 December 2004
JUDGMENT DATE: 11 February 2005
JUDGMENT OF: Spigelman CJ at 1; Sheller JA at 45; Brownie AJA at 46
DECISION: Appeal dismissed with costs
CATCHWORDS: CORPORATIONS - liquidation - disclaimer of onerous property - whether s 568(1B) of the Corporations Act empowers the Court to make an order varying contractual rights and liabilities that is not necessary in order to release the company or its property from liability
Bankruptcy Act 1883, 46 & 47 Vict, c 52 LEGISLATION CITED: Corporations Act 2001 (Cth): Pt 5.6 Div 7A; s568(1B)(b) Insolvency Act 1986 (UK)
Anthony Hordern & Sons Ltd v Amalgamated Clothing & Allied Trades Union of Australia (1932) 47 CLR 1 Bowtell v Goldsborough Mort (1905) 3 CLR 444 CIC Insurance Ltd v Bankstown Football Club Ltd (1997) 187 CLR 384 Global Television Pty Ltd v Sportsvision Australia Pty Ltd (in liq) (2000) 35 ACSR 484 Hindcastle Ltd v Barbara Attenborough Associates Ltd [1997] AC 70 K&S Lake City Freighters Pty Ltd v Gordon & Gotch Limited (1985) 157 CLR 309 Nintendo Co Ltd v Centronics Systems Pty Ltd (No 2) (1994) 181 CLR 13 Project Blue Sky Inc v Australian Broadcasting Authority (1998) 194 CLR Re Middle Harbour Investments Limited (in liq) (No 2) [1977] 2 NSWLR 652 CASES CITED: R v Wallis; Ex parte Employers Association of Wool Selling Brokers & HV McKay Massey Harris Pty Ltd (1949) 78 CLR 529 R v Young (1999) 46 NSWLR 681 Re Lavies; Ex parte Stephens (1877) 7 Ch D 127 Re Moser (1884) 13 QBD 738 Re Park Air Services plc (2000) 2 AC 172 Re Yates; Ex parte Walsh & Johnson (1925) 37 CLR 36 Stradling v Morgan (1560) 1 Plowd 199; 75 ER 305 Switz Pty Ltd v Glowbind Pty Ltd (2000) 48 NSWLR 661 Tokyo Mart Pty Ltd v Campbell (1988) 15 NSWLR 275
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