In the matter of Sakr Nominees Pty Limited [2017] NSWSC 668

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Sakr Nominees Pty Limited [2017] NSWSC 668 Hearing dates: 18 April 2017 and 5 May 2017 Decision date: 29 May 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Court allows the liquidator's claim for remuneration and will make orders for the release of the liquidator and deregistration of the company. Catchwords: CORPORATIONS – Winding up – Liquidators – Application by liquidator under Corporations Act 2001 (Cth) s 473(b)(ii) to determine remuneration – where additional work not anticipated at time of creditors' prospective approval of remuneration – whether work performed by liquidator was reasonably necessary Legislation Cited: - Corporations Act 2001 (Cth), ss 473, 480 - Corporations and Other Legislation Amendment (Insolvency Law Reform) Regulation 2017 (Cth) - Corporations Regulations 2001 (Cth), reg 10.25.02(3)(g) - Insolvency Law Reform Act 2016 (Cth) - Supreme Court (Corporations) Rules 1999 (NSW), rr 7.5(3)–7.5(5) Cases Cited: - Macks v Maka [2015] SASC 200; (2015) 110 ACSR 279 - Re AAA Financial Intelligence Ltd (in liq) (No 2) [2014] NSWSC 1270 - Re Banksia Securities Ltd (in liq) (recs and mgrs. apptd) [2017] NSWSC 540 - Re Clout (in his capacity as liquidator of Mainz Developments Pty Ltd) (in liq) [2016] NSWSC 1146; (2016) 115 ACSR 459 - Re Gramarkerr Pty Ltd (No 2) [2014] NSWSC 1405 - Re Gramarkerr Pty Ltd [2014] NSWSC 1299 - Re Idylic Solutions Pty Ltd atf Super Save Superannuation Fund [2016] NSWSC 1292; (2016) 115 ACSR 581 - Re Independent Contractor Services (Aust) Pty Ltd (in liq) (No 2) [2016] NSWSC 106; (2016) 305 FLR 222 - Re Korda; Re Stockford Ltd [2004] FCA 1682; (2004) 140 FCR 424 - Re One.Tel Ltd (in liq) [2014] NSWSC 1892 - Re Primespace Property Investment Limited (in liq) [2016] NSWSC 1821 - Re RR Impex Pty Ltd (in liq) [2013] NSWSC 1667 - Re Sakr Nominees Pty Ltd [2016] NSWSC 709 - Sanderson, as liquidator of Sakr Nominees Pty Ltd (in liq) v Sakr [2017] NSWCA 38 - Templeton v Australian Securities and Investments Commission [2015] FCAFC 137; (2015) 108 ACSR 545 - Thackray v Gunns Plantations Ltd [2011] VSC 380; (2011) 85 ACSR 144 - Venetian Nominees Pty Ltd v Conlan (1998) 20 WAR 96 - Warner, Re GTL Tradeup Pty Ltd (in liq) [2015] FCA 323; (2015) 104 ACSR 633 Category: Principal judgment Parties: Clifford Sanderson as liquidator of Sakr Nominees Pty Limited (Plaintiff) Marie Sakr (First Defendant) Norman Sakr (Second Defendant) Antoinette Sakr (Third Defendant) Tony Sakr (Fourth Defendant) Sakr Bros Pty Limited (in liquidation) (Fifth Defendant) Representation: Counsel: L E Hulmes (Plaintiff)