In the matter of Owston Nominees No 2 Pty Limited (in liquidation) (receivers and managers appointed) [2013] NSWSC 538

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Owston Nominees No 2 Pty Limited (in liquidation) (receivers and managers appointed) [2013] NSWSC 538 Hearing dates: 12 April 2013 Decision date: 10 May 2013 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Injunctive relief not granted. Summons for examination set aside. Orders for production set aside. Catchwords: CORPORATIONS - winding up - liquidators - whether liquidator should be restrained from engaging law firm to act in relation to any summons for examination under s 596A and 596B Corporations Act 2001 (Cth) - whether a conflict of interest arose as a result of a solicitor acting for a director and shareholder of the company in liquidation in other proceedings and the liquidator of the company in examinations. CORPORATIONS - whether summons for examination and orders for production be set aside - whether issued for improper purpose - whether material non-disclosure in affidavit in support of the application for examination summons. Legislation Cited: - Corporations Act 2001 (Cth) ss 530B, 530B(2), 530B(5), 530C, 588E, 596A, 596B -Uniform Civil Procedure Rules 2005 (NSW) r 49.19 Cases Cited: - Ausmedic Australia Pty Ltd v Whiteley Medical Supplies Pty Ltd [2012] NSWSC 1270 - Aboriginal and Torres Strait Island Commission v Jurnkurakurr Aboriginal Resource Centre Aboriginal Corporation (in liq) (1992) 10 ACSR 121 - Bovis Lend Lease Pty Ltd v Wily [2003] NSWSC 467; (2003) 45 ACSR 612 - Cleveland Investments Global Ltd v Evans [2010] NSWSC 567 - Evans v Wainter Pty Ltd (2005) 145 FCR 176 - Hamilton v Oades (1989) 166 CLR 486 - Kallinicos v Hunt [2005] NSWSC 1181; (2005) 64 NSWLR 561 - Re Allebart Pty Ltd (in liq) and the Companies Act [1971] NSWLR 24 - Re Club Superstores Australia Pty Ltd (in liq) (1993) 10 ACSR 730 - Re Kala Capital Pty Ltd (in liq) [2012] NSWSC 1073 - Re Laurie Cottier Productions Pty Ltd (1992) 9 ACSR 513 - Re Mendarma Pty Ltd (in liq) [2006] NSWSC 1306 - Re New Tel Ltd (in liq); Evans v Wainter Pty Ltd [2005] FCAFC 114 (2005) 24 ACSR 284; (2005) 145 FCR 176 - Re Pruzanski; ex parte Horne [2000] FCA 151 - Re Shepard (in his capacity as administrator of Hunter Bulk Materials Pty Ltd) (subject to a deed of company arrangement) [2011] NSWSC 467; (2011) 83 ACSR 436 - Re Southern Equities Corporation Ltd (in liq); Bond & Coboche v England (1997) 25 ACSR 394 - Re Westgate Wool Co Pty Ltd (in liq) [2006] SASC 372; (2006) 60 ACSR 570 - Southern Hotels Pty Ltd, Re Temple [2000] FCA 1406 - Wily Re LED (South Coast) Pty Ltd [2009] NSWSC 946; (2009) 76 NSWLR 428 Category: Interlocutory applications Parties: Jeffery Laurence Herbert as Liquidator of Owston Nominees No. 2 Pty Limited (in liquidation) (receivers and managers appointed) (Plaintiff) Angas Securities Limited (First Defendant) Mortgage Funds Management Limited (Fourth Defendant) Representation: Counsel: M. Green/B. Oliak (Plaintiff/Respondent) B.C. Hower (First and Fourth Defendants/Applicants and Matthew John Hower - Applicant) Solicitors: Hudson Law (Plaintiff/Respondent) Kelly & Co (First and Fourth Defendants/Applicants and M.J. Hower - Applicant) File Number(s): 2013/56558