Stone v ACN 000 337 940 Pty Ltd [2008] NSWSC 1058

Reported Decision : 68 ACSR 242

New South Wales Supreme Court

CITATION : Stone v ACN 000 337 940 Pty Ltd [2008] NSWSC 1058

HEARING DATE(S) : 07/10/08

JUDGMENT DATE : 9 October 2008

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Proceedings adjourned.

CATCHWORDS : CORPORATIONS - deregistered company - application for order that ASIC reinstate registration - applicant wishes to pursue proceedings against company in Dust Diseases Tribunal - whether plaintiff may proceed direct against insured without reinstatement of company's registration - not shown that he can - various factors relevant to whether reinstatement "just" - company in liquidation immediately before deregistration - need to re-install liquidator - former liquidator should be appointed unless unable or unwilling to act

LEGISLATION CITED : Corporations Act 2001 (Cth), ss 601AG, 601AH(2), 601AH(3). 601AH(5)

CATEGORY : Principal judgment

Almario v Allianz Australia Workers Compensation (NSW) Insurance Ltd [2005] NSWCA 19; (2005) 62 NSWLR 148 Australian Competition and Consumer Commission v Australian Securities and Investments Commission [2000] NSWSC 316; (2000) 34 ACSR 232 Del Borrello v Australian Securities and Investments Commission [2008] WASC 48 Gorman v Australian Securities and Investments Commission [2008] FCA 962 CASES CITED : Hutchinson v Australian Securities and Investments Commission [2001] VSC 465; (2001) 40 ACSR 198 J P Morgan Portfolio Services Ltd v Deloitte Touche Tohmatsu [2008] FCA 433; (2008) 65 ACSR 636 Orica Ltd v CGU Insurance Ltd [2003] NSWCA 331; (2003) 59 NSWLR 15 Pagnon v WorkCover Queensland [2000] QCA 421; [2001] 2 QdR 492 Ramantanis v G & M Excavations Pty Ltd [2003] NSWSC 250; (2004) 22 ACLC 22 Suncorp Metway Insurance Ltd v Clonmel Pty Ltd [2000] QSC 135; [2001] 2 QdR 94