In the matter of Cardinal Group Pty Limited (in liquidation) [2015] NSWSC 1761

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Cardinal Group Pty Limited (in liquidation) [2015] NSWSC 1761 Hearing dates: 9 November 2015 Decision date: 25 November 2015 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Plaintiffs be granted leave to file an Amended Statement of Claim in the form of Annexure "A" to the Notice of Motion filed 8 September 2015. The Plaintiffs pay the costs thrown away by reason of the amendment Catchwords: PRACTICE AND PROCEDURE – application to amend Statement of Claim – where amendments sought to extend the period within which unfair preferences, insolvent transactions and voidable transactions were pleaded – where amendments affected by Corporations Act 2001 (Cth) s 588FF(3) – whether to allow amendments pursuant to Civil Procedure Act 2005 (NSW)

CORPORATIONS – winding up – interpretation of 'transaction' under Corporations Act 2001 (Cth) s 588FF(1). Legislation Cited: - Civil Procedure Act 2005 (NSW) ss 56, 57, 58, 64, 65, 65(2)(c), 65(3) - Corporations Act 2001 (Cth) ss 9, 588FA, 588FC, 588FE, 588FF, 588FF(1), 588FF(3), 588FF(3)(a), 588FF(3)(b), 588FG(2) - Judiciary Act 1903 (Cth) s 79 Cases Cited: - Aon Risk Services Australia Ltd v Australian National University [2009] HCA 27; (2009) 239 CLR 175 - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - BP Australia Ltd v Brown [2003] NSWCA 216; (2003) 58 NSWLR 322 Capital Finance Australia Ltd v Tolcher [2007] FCAFC 185 - Davies v Chicago Boot Co Pty Ltd (No 2) [2007] SASC 12; (2007) 96 SASR 164 - Dymocks Book Arcade Pty Ltd v Capral Ltd [2011] NSWSC 1423 - Farah Constructions Pty Ltd v Say-Dee Pty Ltd [2007] HCA 22; (2007) 230 CLR 89 - Fortress Credit Corporation (Australia) II Pty Ltd v Fletcher [2015] HCA 10; (2015) 89 ALJR 425 - Gordon v Tolcher [2006] HCA 62; (2006) 231 CLR 334 - Grant Samuel Corporate Finance Pty Ltd v Fletcher [2015] HCA 8; (2015) 89 ALJR 401 - Greig v Stramit Corporation Pty Ltd [2004] 2 Qd R 17 - Hall v Poolman [2009] NSWCA 64; (2009) 71 ACSR 139 - New Cap Reinsurance Corporation Ltd (in liq) v Reaseguros Alianza SA [2004] NSWSC 787; (2004) 186 FLR 175 - Re Employ (No 96) Pty Ltd (in liq) [2013] NSWSC 61; (2013) 93 ACSR 48 - Rodgers v Federal Commissioner of Taxation (1998) 88 FCR 61; 29 ACSR 270 - Star v National Australia Bank Limited [1999] NSWSC 305; (1999) 30 ACSR 583 Category: Procedural and other rulings Parties: Cardinal Group Pty Limited (in liquidation) (First Plaintiff) Richard Andrew Stone and Peter William Marsden in their capacity as joint and several liquidators of Cardinal Group Pty Limited (in liquidation) (Second Plaintiff) Sydney Recycling Park Pty Limited (formerly known as NSW Investments Pty Limited) (Defendant) Representation: Counsel: M A Karam/G P Gee (Plaintiffs) J Giles SC/J Granger (Defendant)