NSW Caselaw
New South Wales Supreme Court
CITATION : ASIC v Somerville & Ors (No 2) [2009] NSWSC 998 This decision has been amended. Please see the end of the judgment for a list of the amendments.
HEARING DATE(S) : 10 September 2009
JUDGMENT DATE : 24 September 2009
JURISDICTION : Equity
JUDGMENT OF : Windeyer AJ
DECISION : Orders for disqualification made.
CATCHWORDS : CORPORATIONS - breaches of civil penalty provisions - whether exoneration appropriate - whether prohibition orders should be made - degree of responsibility of particular defendants
LEGISLATION CITED : Corporations Act 2001 (Cth), ss 1317S and 1318
ASIC v Edwards [2006] NSWSC 376 ASIC v Macdonald (No 12) [2009] NSWSC 714 CASES CITED : ASIC v Somerville & Ors [2009] NSWSC 934 Commissioner of Corporate Affairs (WA) v Ekamper (1987) 12 ACLR 519 Re HIH Insurance Ltd: ASIC v Adler (2002) 42 ACSR 80 Rich v ASIC (2004) 220 CLR 129
Australian Securities and Investments Commission (P) Timothy Donald Somerville (D1) Somerville & Co Pty Limited (D2) Nicholas Eugene Jones (D3) Simon Durant (D4) PARTIES : Calvin Bert Rowley (D5) John Lancelot Bradnam (D6) Christopher Paul Martin Jones (D7) Adam Leslie Troost (D8) John William Monsell (D9) Arthur James Wells (D10)
FILE NUMBER(S) : SC 2154/08
J W J Stevenson SC & A J McInerney (P) B A J Coles QC & P M Barham (D1&2) In person (D3) In person (D4) COUNSEL : D L Cook (D5) In person (D6) In person (D7) P Reynolds (D8) No appearance (D9 & 10)
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