NSW Caselaw
Reported Decision : (2006) 24 ACLC 688
New South Wales Supreme Court
CITATION : Hausmann v Smith [2006] NSWSC 682
HEARING DATE(S) : 03/07/07
JUDGMENT DATE : 3 July 2006
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
EX TEMPORE JUDGMENT DATE : 07/03/2006
DECISION : Interlocutory injunction refused
CATCHWORDS : CORPORATIONS - external administration - Part 5.3A administrators and liquidators - sale of company's business - alleged duty to "obtain the best possible price" - such duty allegedly owed to company, to creditors and to shareholders - alleged breach of such duty - whether serious question to be tried - balance of convenience considered
LEGISLATION CITED : Corporations Act 2001 (Cth), ss.180, 181, 420A, 447E, 1321,Part 5.3A
Kinsela v Russell Kinsela Pty Ltd [1983] 2 NSWLR 452 CASES CITED : Masters v Cameron (1954) 91 CLR 353 Naumoski v Parbery (2002) 171 FLR 332 Spies v The Queen (2000) 201 CLR 603
Judith Hausmann and Howard Studniberg as parners known as the "H & J Partnership" - First Plaintiff Ganeden Investments Pty Limited - Second Plaintiff PARTIES : Judith Hausmann and John Landerer - Third Plaintiffs Michael John Morris Smith as Liquidator of ACN 099 115 698 Pty Limited - First Defendant ACN 099 115 698 Pty Limited - Second Defendant
FILE NUMBER(S) : SC 3474/06
COUNSEL : Mr C.C. Branson QC/Mr G. Lucarelli - Plaintiffs Mr A.J. Fernon - Defendants
SOLICITORS : Landerer & Company - Plaintiffs McCabe Terrill - Defendants
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