NSW Caselaw
New South Wales Court of Appeal
CITATION: Chahwan v Euphoric Pty Ltd trading as Clay & Michel [2008] NSWCA 52
HEARING DATE(S): 15 February 2008
JUDGMENT DATE: 8 April 2008
JUDGMENT OF: Beazley JA at 1; Tobias JA at 2; Bell JA at 128
DECISION: Appeal dismissed with costs
CATCHWORDS: CORPORATIONS LAW – Application to bring proceedings on behalf of company – Statutory derivative action – Whether applicant acting in good faith in bringing proceedings – Whether in the best interests of the company that applicant be granted leave – Liquidation – Whether statutory derivative action available in circumstances of liquidation – Statutory interpretation – Reading down a defined term in relation to a particular part of the legislative scheme.
Companies Act 1993 (New Zealand) s 165 Corporations Act 2001 (Cth) ss 9, 236, 237, 239, 241, 300, 471B, 473, 477, 479, 506, 511, 536 and 1321 LEGISLATION CITED: Corporations Law (Cth) Contracts Review Act 1980 (NSW) s 7 Trade Practices Act 1974 (Cth) s 51AC
Ayoub & Anor v Euphoric Pty Ltd [2004] NSWCA 457 Aliprandi v Griffiths United Pty Ltd (1991) 6 ACSR 250 Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 B L & G Y International Co Ltd v Hypec Electronics Pty Ltd [2001] NSWSC 705; (2001) 164 FLR 268 Brightwell v R F V Holdings Pty Ltd [2003] NSWSC 7; [2003] 44 ASCR 186 CIC Insurance Ltd v Bankstown Football Club Ltd (1997) 187 CLR 384 Cape Breton Co v Fenn (1881) 17 CCh D 198 Carpenter v Pioneer Park Pty Ltd (2004) NSWSC 1007; (2004) 51 ACSR 299 Charlton v Baber [2003] NSWSC 745; (2003) 47ACSR 31 Christianos v Aloridge Pty Ltd (1995) 59 FCR 273 Cooper Brookes (Wollongong) Pty Ltd v Commissioner of Taxation (Cth) (1981) 147 CLR 297 Fiduciary Ltd v Morningstar Research Pty Ltd [2005] NSWSC 442; (2005) 53 ACSR 732; (2005) 23 ACLC 1100 CASES CITED: Foss v Harbottle (1843) 2 Hare 461; 67 ER 189 HPM Pty Ltd v Fear [2002] WASCA 249; (2002) 171 FLR 12 Hedley v Albany Power Centre Ltd (In liq) [2005] 2 NZLR 196 Kamper v Applied Soil Technology Pty Ltd [2004] NSWSC 891; (2004) 211 ALR 337; (2004) 50 ACSR 738 Mahanna v Sovereign Capital Ltd [2004] FCA 1040 Maher v Honeysett & Maher Electrical Contractors [2005] NSWSC 859 Port of Melbourne Authority v Anshun Pty Ltd (1981) 147 CLR 589 Promaco Conventions Pty Ltd v Dedline Printing Pty Ltd [2007] FCA 586; (2007) 159 FCR 486 R v Young [1999] NSWCCA 166; (1999) NSWLR 681 Roach v Winnote Pty Ltd (in liq) [2001] NSWSC 822 Scarel Pty Ltd v City Loan & Credit Corporation Pty Ltd (1988) 17 FCR 344 Scuteri v Lofthouse & Another (2006) VSC 317; (2006) 202 FLR 106 Swansson v Pratt (2002) NSWSC 583; (2002) 42 ASCR 313 Williams v Spautz (1992) 174 CLR 509
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