In the matter of Rivercorp Pty Ltd (receivers and managers appointed) (in liquidation) [2012] NSWSC 1078

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Rivercorp Pty Ltd (receivers and managers appointed) (in liquidation) [2012] NSWSC 1078 Hearing dates: 9 and 16 July 2012 Decision date: 16 July 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Orders made pursuant to Corporations Act 2001 (Cth) s 477(2B) approving retrospective entry by the liquidator into costs agreements. Liquidator's costs of and incidental to application be costs in the liquidation. Catchwords: CORPORATIONS - Application for orders for retrospective approval of liquidator's entry into costs agreements and associated retainers with two firms of solicitors. Legislation Cited: - Corporations Act 2001 (Cth) ss 477(2B), 588FA, 1322, 1322(4) - Legal Profession Act 2004 (NSW) s 324 Cases Cited: - Empire (Aust) Nominees Pty Ltd v Vince [2000] VSC 324; (2000) 35 ACSR 167 - Hutchison v Hillcrest Litigation Services Ltd [2010] NSWSC 934 - Onefone Australia Pty Ltd v One.Tel Ltd [2010] NSWSC 498; (2010) 78 ACSR 163 - Re McGrath & Anor (in their capacity as liquidators of HIH Insurance Ltd) [2010] NSWSC 404; (2010) 78 ACSR 405 Category: Interlocutory applications Parties: Robert Boyce Moodie in his capacity as liquidator of Rivercorp Pty Limited (receivers and managers appointed) (in liquidation) (First Plaintiff) Rivercorp Pty Limited (receivers and managers appointed (in liquidation) Representation: Counsel: S. Golledge (9 July 2012) (Liquidator) S. Lipp (16 July 2012) (Liquidator) Solicitors: Polczynski Lawyers (Liquidator) File Number(s): 12/203030