NSW Caselaw
Reported Decision : 74 ACSR 496
New South Wales Supreme Court
CITATION : Cussen & Ors v Sultan & Ors [2009] NSWSC 1114
HEARING DATE(S) : 23.03.09, 24.03.09, 25.03.09, 26.03.09, 27.03.09, 31.03.09, 01.04.09, 02.04.09, 21.05.09, 22.05.09, 12.10.09 (supplementary submissions received 01.10.09, 09.10.09)
JUDGMENT DATE : 20 October 2009
JUDGMENT OF : Nicholas J
DECISION : Par 229
CATCHWORDS : CORPORATIONS - liquidators' claims under s 588FF(1) - whether transactions uncommercial under s 588FB(1) - whether transactions entered into in good faith - whether defences under s 588FG(2) proved - whether discretion to decline order under s 588FF - whether allowance should be made for amount invested in the company - consideration of general principles of construction and application of statutory provisions - Corporations Act 2001 (Cth) s 9 'transaction', s 588FB(1), s 588FC, s 588FE(3), s 588FF(1), s 588FG(2)
LEGISLATION CITED : Acts Interpretation Act 1901 (Cth) Corporations Act 2001 (Cth)
CATEGORY : Principal judgment
Ali v Nationwide News [2008] NSWCA 183 Cashflow Finance v Westpac Banking Corporation [1999] NSWSC 671 Capital Finance Australia Ltd v Tolcher [2007] FCAFC 185; (2007) 165 FCR 83 Cussen as liquidator of Akai Pty Ltd (in liq) v Commissioner of Taxation [2004] NSWCA 383; (2004) 51 ACSR 530 D'Aloia v FCT (2004) 203 ALR 609 Downey v Aira Pty Ltd (1996) 14 ACLC 1068 Mann v Sangria Pty Ltd [2001] NSWSC 172; (2001) 38 ACSR 307 McDonald v Hanselmann (1998) 28 ACSR 49 Olifent v Australian Wine Industries Pty Ltd (1996) 130 FLR 195 Pegulan Floor Coverings Pty Ltd v Carter (1997) 24 ACSR 651 CASES CITED : Queensland Bacon Pty Ltd v Rees [1966] HCA 21; (1966) 115 CLR 266 Re Emanuel; Macks v Blacklaw & Shadforth Pty Ltd (1997) 147 ALR 281 Rothmans Exports Pty Ltd v Mistmorn Pty Ltd (in liq) (1994) 125 ALR 442 Sands & McDougall (Wholesale) Pty Ltd (in liq) v Commissioner of Taxation (1996) 22 ACSR 383 Sutherland v Eurolinx Pty Ltd [2001] NSWSC 230; (2001) 37 ACSR 477 Sheahan Pty Ltd v Murdock & Gediz Pty Ltd [2008] SADC 5 Smith v DCT (1997) 23 ACSR 611 Spedley Securities Ltd (in liq) v Western United Ltd (in liq) (1992) 27 NSWLR 111 Tosich Construction Pty Ltd (in liq) v Tosich (1997) 23 ACSR 466 VR Dye & Co v Peninsula Hotels Pty Ltd (in liq) [1999] VSCA 60; [1999] 3 VR 201 Welcome Homes Real Estate Pty Ltd v Ziade Investments Pty Ltd [2007] NSWCA 167
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