In the matter of Mycorp Pty Ltd [2014] NSWSC 899

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Mycorp Pty Ltd [2014] NSWSC 899 Hearing dates: 24 April, 1 and 19 May 2014 Decision date: 04 July 2014 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Determination that the charge of contempt against defendant is proven beyond reasonable doubt. Catchwords: PROCEDURE - contempt, attachment and sequestration - contempt of court - where court ordered that parties take reasonable steps to cause all cash takings for businesses to be deposited into bank accounts subject to payments to creditors and employees in cash if "required" - whether respondent had breached court order - whether respondent was an employee or creditor entitled to unpaid wages in relevant period - whether payment in cash was "required" - whether terms of court order were clear and unambiguous - whether respondent held an honest and reasonable belief.

WORDS AND PHRASES - "required". Legislation Cited: - Corporations Act 2001 (Cth) ss 237 - Fair Work Act 2009 (Cth) s 323 - Landlord and Tenant Act 1948 (Vic) s 37 - Supreme Court Rules 1970 (NSW) Pt 42, 55 - Uniform Civil Procedure Rules 2005 (NSW) Pt 40 Cases Cited: - Advan Investments Pty Ltd v Dean Gleeson Motor Sales Ltd [2003] VSC 201 - Anderson v Hassett [2007] NSWSC 1310 - Athens v Randwick City Council [2005] NSWCA 317; (2005) 64 NSWLR 58 - Australian Competition and Consumer Commission v Hughes [2001] FCA 38 - Australian Consolidated Press Ltd v Morgan [1965] HCA 21; (1965) 112 CLR 483 - Australian Meat Industry Employees Union v Mudginberri Station Pty Ltd [1986] HCA 46; (1986) 161 CLR 98 - Australian Securities and Investments Commission v Sigalla (No 3) [2010] NSWSC 1076 - Australian Securities and Investments Commission v Sigalla (No 4) [2011] NSWSC 62; (2011) 80 NSWLR 113 - Baker v Paul [2013] NSWCA 426 - Beattie & Sutherland v Osman (No 4) [2009] NSWSC 834; (2009) 73 ACSR 220 - Brown v Lusk [1956] VLR 285 - De Marco v Ellis [1949] VLR 97 - Farahbakht v Midas Australia Pty Ltd [2006] NSWSC 1322 - Firstmac Fiduciary Services Pty Ltd v-Gilmour (No 3) [2013] NSWSC 570 - Fitzgerald v Masters [1956] HCA 53; (1956) 95 CLR 420 - Hollis v Vabu Pty Ltd [2001] HCA 44; (2001) 207 CLR 21 - Iberian Trust Ltd v Founders Trust & Investment Company Ltd [1932] 2 KB 87 - Kiely v Loose [1948] VLR 181 - Kirkpatrick v Kotis [2004] NSWSC 1265; (2004) 62 NSWLR 567 - Louis Vuitton Malletier SA v Design Elegance Pty Ltd [2006] FCA 83; (2006) 149 FCR 494 - Mareva Building Consultants v Zevon [2013] ACTCA 28 - Massoud v NRMA Insurance Ltd (1995) 62 NSWLR 657 - Microsoft Corporation v Marks (No 1) (1996) 69 FCR 117; 139 ALR 99 - Mosman Municipal Council v Kelly (No 3) [2009] NSWLEC 92 - National Australia Bank Ltd v Juric [2001] VSC 375 - Pang v Bydand Holdings Pty Ltd [2011] NSWCA 69 - Stevens v Brodribb Sawmilling Co Pty Ltd [1986] HCA 1; (1986) 160 CLR 16 - Universal Music Australia Pty Ltd v Sharman Networks Ltd [2006] FCAFC 41; (2006) 150 FCR 110 - Witham v Holloway [1995] HCA 3; (1995) 183 CLR 525 - Wyszenko v Wyszenko [2012] NSWSC 732 Zomojo Pty Ltd v Hird (No 5) [2014] FCA 537 Category: Interlocutory applications Parties: Fred Fajloun (Plaintiff/Respondent) George Khoury (First Defendant/Applicant) Mycorp Group Pty Ltd (Second Defendant) Moonstone River Pty Ltd (Third Defendant) Summer Tides Pty Ltd (Fourth Defendant) Snowy Falls Pty Ltd (Fifth Defendant) Telnac Pty Ltd (Sixth Defendant) Representation: Counsel: M Condon SC (Plaintiff/Respondent) J C Kelly SC (First Defendant/Applicant) Solicitors: Sage Lawyers (Plaintiff/Respondent) Bamford Lawyers (First Defendant/Applicant) File Number(s): 2012/350220