ASIC v Sigalla [2010] NSWSC 1423

New South Wales Supreme Court

CITATION : ASIC v Sigalla [2010] NSWSC 1423

HEARING DATE(S) : 07/12/10

JUDGMENT DATE : 8 December 2010

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Freezing orders to be extended to February 2011.

CATCHWORDS : CORPORATIONS - ASIC investigation - application by ASIC for extension of freezing orders - whether persons concerned may become liable to pay money to "persons aggrieved" - identification of "persons aggrieved" - balancing of interests - extension ordered

LEGISLATION CITED : Corporations Act 2001 (Cth), s 1323(1)

CATEGORY : Principal judgment

Australian Securities and Investments Commission v Ivey (1998) 29 ACSR 391 Australian Securities and Investments Commission v Krecichwost [2007] NSWSC 948; (2007) 64 ACSR 411 Australian Securities and Investments Commission v Banovec (No 2) [2007] NSWSC 961; (2007) 214 FLR 33 CASES CITED : Australian Securities and Investments Commission v Burnard [2007] NSWSC 1217; (2007) 64 ACSR 360 Australian Securities and Investments Commission v Sigalla [2009] NSWSC 1205; (2009) 74 ACSR 710 Re HIH Insurance Ltd; Australian Securities and Investments Commission v Adler (2001) 38 ACSR 266; [2001] NSWSC 451 Re Richstar Enterprises Pty Ltd; Australian Securities and Investments Commission v Carey (No 3) [2006] FCA 433; [2006] 57 ACSR 307

Australian Securities and Investments Commission - Plaintiff Andrew Sigalla - First Defendant PARTIES : John Falconer - Second Defendant Michael Otten - Third Defendant BZI Pty Ltd - Fourth Defendant Dunbar Associates Ltd - Fifth Defendant