NSW Caselaw
Reported Decision : 71 ACSR 65
New South Wales Supreme Court
CITATION : Parkview Constructions Pty Ltd v Tayeh & Ors [2009] NSWSC 186
HEARING DATE(S) : 06/03/09
JUDGMENT DATE : 24 March 2009
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Leave to proceed granted under s 440D. Proceedings otherwise dismissed.
CATCHWORDS : CORPORATIONS - voluntary administration - deed of company arrangement - deed provides for creation of creditors' trust and execution of related implementation deed and charge - all such steps taken immediately after deed became binding - creditor applies for order under s 445D terminating deed of company arrangement - but deed already terminated by s 445C(c) upon completion of specified steps - no capacity to terminate again - reliance by plaintiff on s 447A in submissions in reply - claim for order terminating deed ab initio - whether new case can be mounted in submissions in reply - whether, in any event, s 447A order could have effect of terminating deed of company arrangement ab initio - where independently created rights and obligations have arisen from creditors' trust and related implementation deed and charge - comment on use of Part 5.3A to create scheme of administration outside Part 5.3A
Building and Construction Industry Security of Payment Act 1999, s 25 LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.3A, ss 436A(1), 440D, 444G, 445C. 445D, 445H, 447A, 459G, 459J(1)(b), 553C Supreme Court (Corporations) Rules 1999, rule 2.2
CATEGORY : Principal judgment
Australasian Memory Pty Ltd v Brien [2000] HCA 30; (2000) 200 CLR 270 Gye v McIntyre [1991] HCA 60; (1991) 171 CLR 609 Hoath v Connect Internet Services Pty Ltd [2006] NSWSC 158; (2006) 229 ALR 566 Hughes; Re Croesus Mining NL [2007] FCA 498 CASES CITED : Kyle House Pty Ltd v ACN 000 016 213 Pty Ltd [2007] NSWSC 224 MYT Engineering Pty Ltd v Mulcon Pty Ltd [1999] HCA 24; (1999) 195 CLR 636 Parkview Constructions Pty Ltd v Sydney Civil Excavation Pty Ltd [2009] NSWSC 61 Reed Constructions Australia Ltd v DM Fabrications Pty Ltd [2007] NSWSC 1190; (2005) 25 ACLC 1463 Veolia Water Solutions & Technologies (Australia) Pty Ltd v Kruger Engineering Australia Pty Ltd (No 3) [2007] NSWSC 459 Wellnora Pty Ltd v Fiorentino [2008] NSWSC 483; (2008) 66 ACSR 229
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