Sassine v Ray & Sons Construction Pty Limited [2012] NSWSC 1307

Supreme Court New South Wales

Medium Neutral Citation: Sassine v Ray & Sons Construction Pty Limited [2012] NSWSC 1307 Hearing dates: 25 October 2012 Decision date: 26 October 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Detailed orders proposed, subject to undertakings being offered by the parties. Catchwords: CORPORATIONS - Winding up - Application for winding up and appointment of liquidator - Just and equitable ground - Application made in circumstances of shareholder deadlock and breakdown of confidence between shareholders -Whether mismanagement or lack of confidence in the conduct of management of the company's affairs. Legislation Cited: - Civil Procedure Act 2005 (NSW) ss 56-58 - Corporations Act 2001 (Cth) ss 461(1)(k), 467(4), 482 - Supreme Court (Corporations) Rules 1999 (NSW) r 2.2 - Uniform Civil Procedure Rules 2005 (NSW) Pt 20 Cases Cited: - Australian Securities and Investments Commission v Letten (No 10) [2011] FCA 498 - Belgiorno-Zegna v Exben Pty Ltd [2000] NSWSC 884; (2000) 35 ACSR 305 - Cumberland Holdings Ltd v Washington H Soul Pattinson & Co Ltd (1977) 2 ACLR 307; - Deputy Commissioner of Taxation (Cth) v Casualife Furniture International Pty Ltd [2004] VSC 157; (2004) 9 VR 549 - Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd [2001] NSWCA 97; (2001) 37 ACSR 672 - Nassar v Innovative Precasters Group Pty Ltd [2009] NSWSC 342; (2009) 71 ACSR 343 - Tomanovic v Argyle HQ Pty Ltd [2010] NSWSC 152 - Tomanovic v Global Mortgage Equity Corporation Pty Ltd [2011] NSWCA 104; (2011) ACSR 121 Category: Interlocutory applications Parties: George Sassine (Plaintiff) Ray & Sons Construction Pty Ltd (First Defendant) Charlie Sassine (Second Defendant) John Sassine (Fourth Defendant) Representation: Counsel: M. Pesman (Plaintiff) Submitting appearance (First Defendant) M.K. Rollinson (Second and Fourth Defendants) Solicitors: HWL Ebsworths (Plaintiff) Submitting appearance (First Defendant) City Attorneys (Second and Fourth Defendants) File Number(s): 07/257927