NSW Caselaw
Reported Decision : 58 ACSR 403
New South Wales Supreme Court
CITATION : Krejci as liquidator of Eaton Electrical Services [2006] NSWSC 782
HEARING DATE(S) : 31/07/06
JUDGMENT DATE : 8 August 2006
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Orders fixing remuneration
CATCHWORDS : CORPORATIONS - voluntary administration - voluntary winding up - resolutions at meeting of creditors fixing remuneration of administrator and liquidator - resolutions carried on casting vote of beneficiary of resolutions - whether exercise of casting vote entailed breach of fiduciary duty - where all creditors voting were given notice of application for remedial orders - where certain creditors opposed at meeting made positive decision not to oppose making of remedial orders - nature of remedial orders appropriate to the circumstances
LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.3A, ss.435A, 437A-437F, 439A, 439B(1), 439C(c), 449E, 473(3), 473(6), 499(3), 511(1)(b) Corporations Regulations 2001 (Cth), regs.5.6.19.1, 5.6.21, 5.6.33
Breen v Williams (1996) 186 CLR 71 Kirwan v Cresvale Far East Ltd (2002) 44 ACSR 21 CASES CITED : Re Walker (2005) 54 ACSR 11 Young v Sherman (2001) 40 ACSR 12 Young v Sherman (2002) 170 FLR 86
PARTIES : Peter Krejci as liquidator of Eaton Electrical Services Pty Ltd - Plaintiff
FILE NUMBER(S) : SC 3417/06
COUNSEL : Mr T. Orlizki, Solicitor - Plaintiff
SOLICITORS : Norman Waterhouse - Plaintiff
IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION CORPORATIONS LIST
BARRETT J
TUESDAY, 8 AUGUST 2006
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