In the matter of Featherston Resources Limited; Tetley & ors v Weston & ors [2014] NSWSC 1139

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Featherston Resources Limited; Tetley & ors v Weston & ors [2014] NSWSC 1139 Hearing dates: Monday, 14 July 2014 Decision date: 22 August 2014 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Proceedings dismissed. Plaintiffs to pay defendants' costs. Catchwords: CORPORATIONS - types of companies - foreign corporations - whether a registered foreign company is a company "registered under this Act" - held, it is not CORPORATIONS - membership, rights and remedies - members' remedies and internal disputes - derivative actions - whether statutory derivative action available in respect of registered foreign company - held, not available CORPORATIONS - winding up - liquidators - supervisory jurisdiction - jurisdiction to permit creditor or contributory to bring proceedings in name of company in liquidation - whether available in respect of company subject to foreign administration - held, not available CORPORATIONS - winding up - generally - stay of proceedings - whether application for leave to bring derivative action is a proceeding against the company or in respect of its property - held, it is not PRIVATE INTERNATIONAL LAW - stay of proceedings - generally - forum non conveniens - application under (CTH) Trans-Tasman Proceedings Act 2010 Legislation Cited: (CTH) Corporations Act 2001, s 5(7), s 9, s 112, Part 2A.2, s 117, s 118, s 119, Pt 2C.1, s 167A, s 168, s 169, s 172, 180, 181, 182, 183, Part 2F.1A, s 236, s 237, s 440D, s 444E, s 445D, s 447D, s 447E, s 471B, s 500(2), s 511, Part 5B.1, Part 5B.2, Div 1, Div 2, Part 5.7, Part 5.7B, Part 5.8, s 583, s 585, 596, 597, s 601CD, s 601CE, s 601CM, s 601CN (CTH) Trans-Tasman Proceedings Act 2010, s 17, s 19, s 20 (CTH) Service and Execution of Process Act 1992, s 20 (CTH) Jurisdiction of Courts (Cross-Vesting) Act 1987, s 5 (NZ) Companies Act 1993, s 165, Part 15A, s 239ACS, s 239ACU, s 239ADS (NZ) Trans-Tasman Proceedings Act (NSW) Uniform Civil Procedure Rules r 13.4 Cases Cited: Aliprandi v Griffith Vintners Pty Ltd (in liq) (1991) 6 ACSR 250 BHP Billiton Ltd v Schultz (2004) 221 CLR 400 BioAg Pty Ltd v Hickey [2007] NSWSC 296 British American Tobacco Australia Ltd v Gordon [2007] NSWSC 230 Cape Breton Co v Fenn (1881) 17 Ch D 198 Carpenter v Pioneer Park Pty Limited (2008) 66 ACSR 564 Chahwan v Euphoric Pty Ltd [2008] NSWCA 52; (2008) 245 ALR 780 Commissioner for Revenue (ACT) v Slaven [2009] FCA 744; (2009) 178 FCR 334 Ebbage v Manthey [2001] QSC 4 Fargro Ltd v Godfroy [1986] 1 WLR 1134 Ferguson v Wallbridge (1935) 3 DLR 66 Holding Redlich Lawyers v Reef Cove Resort Limited [2009] QSC 378 Hu v PS Securities Pty Ltd (as trustee of the Joseph Family Trust) [2011] NSWSC 303 In the matter of CGH Engineering Pty Ltd [2014] NSWSC 1132 (CGH Engineering) In the matter of Featherston Resources Limited (Receiver and Manager Appointed) (Administrators Appointed) [2014] NSWSC 12 In the Matter of Staway Pty Ltd (in liq) (Receivers and Managers Appointed) [2013] NSWSC 819 James Hardie & Coy Pty Ltd v Barry (2000) 50 NSWLR 357 Konamaneni v Rolls Royce Industrial Power (India) Ltd [2002] 1 WLR 1269 Lloyd-Owen v Bull (1936) 4 DLR 273 MG Corrosion Consultants Pty Ltd v Gilmour [2012] FCA 383; (2012) 202 FCR 354 Oates v Consolidated Capital Services Ltd (2009) 76 NSWLR 69 Peninsula Group v Kintsu Co Ltd (1984) 44 NSWLR 534 (Kintsu) Ragless v IPA Holdings Pty Limited (in liq) (2008) 65 ACSR 700 Ramsay v Featherston Resources Limited [2013] NSWSC 1923 Re Bank of Gibraltar and Malta (1865) LR 1 Ch APP 69 Re Dominion Portland Cement Co Ltd (No 2) [1919] NZLR 478 Re Imperial Bank of China India and Japan (1866) LR 1 Ch App 339 Spiliada Maritime Corporation v Cansulex Ltd [1987] AC 460 Syndicate Mortgage Solutions Pty Ltd v El-Sayed [2010] NSWSC 348 Virgtel Ltd v Zabusky [2006] 2 Qd R 81 (Virgtel Limited v Zabusky) Wenham v General Credits Ltd (Supreme Court (NSW), McLelland J, 16 November 1988, unrep) Category: Interlocutory applications Parties: Glenn Tetley (1st plaintiff) Lyndsey Banfield (2nd plaintiff) Douglas Best (4th plaintiff) AXL Limited (5th plaintiff) Jacqueline and Quentin Partis (7th plaintiff) Toby Iaccarino (8th plaintiff) William Godfrey (10th plaintiff) S Harold Koppe (11th plaintiff) Julian Management Services P/L (12th plaintiff) Josephine Gregan and John Percival (14th plaintiff) Charlene and Christopher Watts (15th plaintiff) Thiry-Three Trading Pty Limited (16th plaintiff) Emma Weston (1st defendant) Simon Kember (2nd defendant) Timothy Goodacre (3rd defendant) FRCN Pty Ltd (4th defendant) Featherston Resources Limited (5th defendant) Adveco Fertilisers Pty Ltd (6th defendant) James Mollison (7th defendant) Driftwood Capital Pty Ltd (8th defendant) Plaman Group Pty Ltd (9th defendant) Representation: Counsel: C Withers w C Botsman & P Meagher (plaintiffs) T M Faulkner (1st & 4th defendants) A W Smith w T Yeh (2nd & 3rd defendants) J Svelha (7th & 8th defendants) A J Sullivan QC w M Izzo (9th defendant) Solicitors: Ashlaw Legal Services (plaintiffs) HWL Ebsworth (1st & 4th defendants) ELaw legal Services (2nd & 3rd defendants) Hicksons (7th & 8th defendants) King & Wood Mallesons (9th defendant) File Number(s): 2013/377035