Arena Management Pty Ltd (Admin App) (Rec & Mgrs App) & Anor v Campbell Street Theatre Pty Ltd (No 2) [2010] NSWSC 1230

New South Wales Supreme Court

CITATION : Arena Management Pty Ltd (Admin App) (Rec & Mgrs App) & Anor v Campbell Street Theatre Pty Ltd (No 2) [2010] NSWSC 1230

HEARING DATE(S) : Written submissions by 9 September 2010

JUDGMENT DATE : 26 October 2010

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Palmer J

DECISION : Liquidator personally ordered to pay defendants' costs on indemnity basis.

CATCHWORDS : CORPORATIONS – LIQUIDATORS – COSTS – liquidator's claims failed – whether liquidator personally should pay defendants' costs on indemnity basis – whether liquidator acted prudently and reasonably in prosecuting the proceedings.

CATEGORY : Consequential orders

- Adsett v Berlouis (1992) 37 FCR 201 - Arena Management Pty Ltd (Admin App) (Rec & Mgrs App) & Anor v Campbell Street Theatre Pty Ltd [2010] NSWSC 957 CASES CITED : - Magill v Magill (2006) 231 ALR 277 - Mead v Watson as liquidator of Hypec Electronics [2005] NSWCA 133 - Rajski v Bainton (1990) 22 NSWLR 125

Arena Management Pty Ltd (Admin App) (Rec & Mgrs App) (First Plaintiff) PARTIES : Randall Joubert in his capacity as Administrator of Arena Management Pty Ltd (Admin App) (Second Plaintiff) Campbell Street Theatre Pty Ltd (Defendant)

FILE NUMBER(S) : SC 2010/290258

COUNSEL : G.P. George (Plaintiffs) A.J. McInerney, D.J. Barnett (Defendant)

SOLICITORS : Pateman Legal (Plaintiffs) Piper Alderman Lawyers (Defendant)

2010/290258 Arena Management Pty Ltd (Admin App) (Rec & Mgrs App) & Anor v Campbell Street Theatre Pty Ltd (No 2)

JUDGMENT

26 October, 2010