Hamilton v Donovan Oates Hannaford Mortgage Corporation Ltd [2007] NSWSC 10

61ACSR 82 Reported Decision : 207 FLR 163 (2007) 25 ACLC 95

New South Wales Supreme Court

CITATION : Hamilton v Donovan Oates Hannaford Mortgage Corporation Ltd [2007] NSWSC 10

HEARING DATE(S) : 05/10/06

JUDGMENT DATE : 29 January 2007

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Declaratory relief refused

CATCHWORDS : CORPORATIONS - voluntary administration - administrator's lien for debts and remuneration - whether equitable lien can be asserted in addition to statutory lien - whether equitable lien may enjoy higher priority than corresponding statutory lien - whether, in the circumstances, any separate equitable lien enjoyed priority over interest of legal mortgagee

Corporations Act 2001 (Cth), Chapter 2K, Part 5.3A, ss.437A. 439A, 443A, 443D, 443E, 443F, 556, LEGISLATION CITED : Fires Prevention (Metropolis) Act 1774 (Imp) Real Property Act 1900

Commonwealth Bank of Australia v Butterell (1994) 35 NSWLR 64 Dean-Willcocks v Nothintoohard Pty Ltd (2005) 53 ACSR 587 Dean-Willcocks v Nothintoohard Pty Ltd [2006] NSWCA 311 CASES CITED : Lockwood v White (2005) 11 VR 402 Re Universal Distributing Co Ltd (1933) 48 CLR 171 Shirlaw v Taylor (1991) 31 FCR 222 Sinnott v Bowden [1912] 2 Ch 414 Weston v Carling Constructions Pty Ltd (2000) 35 ACSR 100

William James Hamilton and Pino Fiorentino - Plaintiffs PARTIES : Donovan Oates Hannaford Mortgage Corporation Limited - First Defendant Perfection Developments Pty Limited (in Liquidation) - Second Defendant Lloyd & Lloyd Pty Limited, Kentona Pty Limited, Offshore Printing Pty Limited, Hodkinson Holdings Pty Limited, Sirius Capital Pty Limited, Smartspace Developments Pty Limited - Third Defendants