In the matter of PrimeSpace Property Investment Limited (in liq) [2017] NSWSC 386

Supreme Court New South Wales

Medium Neutral Citation: In the matter of PrimeSpace Property Investment Limited (in liq) [2017] NSWSC 386 Hearing dates: 4 April 2017 Decision date: 10 April 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: Direction made that liquidators would be justified in commencing proceedings. Catchwords: TRUSTS – Judicial advice as to commencement of proceedings. Legislation Cited: - Corporations Act 2001 (Cth), s 511 - Court Suppression and Non-Publication Orders Act 2010 (NSW) - Trustee Act 1925 (NSW), s 63 Cases Cited: - BCI Finances Pty Ltd v Binetter (No 4) [2016] FCA 1351; (2016) 117 ACSR 18 - Bilta (UK) Ltd (in liq) v Nazir (No 2) [2015] UKSC 23; [2016] AC 1 - Philip Walton trading as Pitcher Walton & Co v Efato Pty Ltd (in liq) [2008] NSWCA 86 - PrimeSpace Property Investment Ltd v Vienne Pty Ltd [2015] FCA 326 - PrimeSpace Property Investment Ltd v Vienne Pty Ltd (No 2) [2015] FCA 367 - Re Ansett Australia Ltd (No 3) [2002] FCA 90; (2002) 115 FCR 409 - Re MF Global Australia Ltd (in liq) [2012] NSWSC 994; (2012) 267 FLR 27 - Re PrimeSpace Property Investment Ltd (in liq) [2016] NSWSC 1113 - Re Primespace Property Investment Ltd (in liq) [2016] NSWSC 1450 - Re Primespace Property Investment Ltd (in liq) [2016] NSWSC 1821 - Re PrimeSpace Property Investment Ltd (in liq) [2016] NSWSC 1891 - Re Willmott Forests Ltd (No 2) [2012] VSC 125; (2012) 88 ACSR 18 Category: Procedural and other rulings Parties: Shaun Robert Fraser (First Plaintiff) Anthony Gregory McGrath (Second Plaintiff) PrimeSpace Property Investment Limited (in liquidation) (Third Plaintiff) Representation: Counsel: F Ashworth (Plaintiffs)