NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of FAI Reinsurances Pty Ltd; In the matter of World Marine & General Insurances Pty Ltd; In the matter of FAI Film Distribution Pty Ltd; In the matter of FAI Film Productions Pty Ltd; In the matter of Fai Films Pty Ltd [2015] NSWSC 2062 Hearing dates: 1 June 2015 Date of orders: 01 June 2015 Decision date: 01 June 2015 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Special leave to distribute surplus and judicial advice given. Catchwords: CORPORATIONS – winding up – application by liquidators for special leave to distribute surplus assets – publication requirements – impossibility of compliance – intent achieved – appropriateness of liquidators' remuneration. Legislation Cited: (NSW) Supreme Court (Corporations) Rules 1999, r 2.11, r 7.9(3)(b) Category: Principal judgment Parties: In proceedings 2001/58767: Anthony Gregory McGrath and Christopher John Honey in their capacity as liquidators of FAI Reinsurances Pty Limited (in liquidation) (subject to a scheme of arrangement) ACN 004 401 138 (applicants)
In proceedings 2001/58779: Anthony Gregory McGrath and Christopher John Honey in their capacity as liquidators of World Marine & Insurances Pty Limited (in liquidation) (subject to schemes of arrangement) ACN 000 093 112 (applicants)
In proceedings 2003/83562: Anthony Gregory McGrath and Christopher John Honey in their capacity as liquidators of FAI Film Distribution Pty Limited (in liquidation) ACN 003 843 963 (applicants)
In proceedings 2004/182170: Anthony Gregory McGrath and Christopher John Honey in their capacity as liquidators of FAI Film Productions Pty Limited (in liquidation) ACN 003 843 918 (applicants)
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