In the matter of LSW Group Pty Ltd; In the matter of ACN 092 138 442 Pty Limited (in liquidation) [2015] NSWSC 1433

Supreme Court New South Wales

Medium Neutral Citation: In the matter of LSW Group Pty Ltd; In the matter of ACN 092 138 442 Pty Limited (in liquidation) [2015] NSWSC 1433 Hearing dates: 08 May 2015 Date of orders: 08 May 2015 Decision date: 08 May 2015 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Application for vacation of hearing granted. Catchwords: PROCEDURE – application to vacate hearing – balance of prejudice to parties of granting adjournment – where defendants' case entirely unprepared – whether defendants authors of own prejudice – reasons explaining unpreparedness. Legislation Cited: (Cth) Corporations Act 2001, s 536 Category: Procedural and other rulings Parties: In Proceedings 2010/245866: Ozem Kassem and Bruno Secatore as Liquidators of ACN 092 138 442 Pty Limited (in liquidation) (first plaintiff/first respondent) ACN 092 138 442 Pty Limited (in liquidation) (second plaintiff/second respondent) The LSW Group Pty Ltd ACN 116 130 593 (first defendant/second applicant) Geoffrey Ronald Buckfield (second defendant/third applicant)

In Proceedings 2010/245867: Ozem Kassem and Bruno Secatore as Liquidators of ACN 092 138 442 Pty Limited (in liquidation) (first plaintiff/first respondent) ACN 092 138 442 Pty Limited (in liquidation) (second plaintiff/second respondent) Bristrol Custodians Limited ARBN 119 748 702 (first defendant/first applicant) The LSW Group Pty Ltd ACN 116 130 593 (second defendant/second applicant) Geoffrey Ronald Buckfield (third defendant/third applicant) Bristrol Custodians (Australia) Pty Limited ACN 160 638 728 (fourth defendant/fourth applicant) Custodial Services (Aust) Pty Limited ACN 129 671 683 (fifth defendant/fifth applicant) Giovanni Holdings Pty Limited ACN 143 185 246 (sixth defendant/sixth applicant) Representation: Counsel: M Condon SC w N Mirzai (plaintiffs/respondents) B Nolan (defendants/applicants)