NSW Caselaw
Reported Decision : 76 ACSR 26
New South Wales Supreme Court
CITATION : Paul's Retail Pty Ltd v Morgan [2009] NSWSC 1222
HEARING DATE(S) : 22/10/09
JUDGMENT DATE : 13 November 2009
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Orders for review of remuneration. Order that conduct and determination of review be referred to registrar.
CATCHWORDS : CORPORATIONS - voluntary administration - remuneration of administractor in voluntary administration - remuneration of administrator of deed of company arrangement - where remuneration determined by meeting of creditors - application for review of remuneation by the court - whether administrator precluded by contract or estoppel from seeking such review - certain factual questions canvassed - meaning of words spoken in conversation between two experienced insolvency practitioners - references to "cap" and "capped" in relation to remuneration - discussion of process of "review" of remuneration by court - whether "review" warranted in this case - the form of the "review"
Corporations Act 2001 (Cth), Part 5.3A. ss 435C(1(b), 436E, 449E, 473, 499(3), 1480(6), LEGISLATION CITED : Corporations Amendment (Insolvency) Act 2007 Supreme Court (Corporations) Rules 1999, rule 9.2A
CATEGORY : Principal judgment
Berjaya Group (Aust) Pty Ltd v Ariff [2009] NSWSC 569 Gidley re Aliance Motor Body Pty Ltd [2006] FCA 102; (2006) 150 FCR 345 GIS Electrical Pty Ltd v Melsom [2001] WASC 314 R v Toohey; Ex parte Meneling Station Pty Ltd [1982] HCA 69; (1982) 158 CLR 327 Re Anderson Group Pty Ltd; Mann v Anderson [2002] NSWSC 764; (2002) 20 ACLC 1607 CASES CITED : Re Carlovers Carwash Ltd [2005] NSWSC 879; (2005) 54 ACSR 696 Re Jick Holdings Pty Ltd [2009] NSWSC 574; (2009) 72 ACSR 387 Re Korda; Stockford Ltd [2004] FCA 1682; (2004) 140 FCR 424 Re Solfire Pty Ltd (No 2) [1999] 2 QdR 182 Venetian Nominees Pty Ltd v Conlan (1998) 20 WAR 96 Wellnora Pty Ltd v Fiorentino [2008] NSWSC 483; (2008) 66 ACSR 229
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