In the matter of VG Sotir Investments Pty Limited [2017] NSWSC 1381

Supreme Court New South Wales

Medium Neutral Citation: In the matter of VG Sotir Investments Pty Limited [2017] NSWSC 1381 Hearing dates: 15 September 2017 Decision date: 15 September 2017 Jurisdiction: Equity - Corporations List Before: Black J Decision: Stand the matter over in order to give the Plaintiff the opportunity to bring in a consent of liquidator and any undertaking for the funding of the costs of that liquidator. Catchwords: CORPORATIONS — Dissolution — Reinstatement – where Plaintiff seeks to reinstate company to bring proceedings – where company's liabilities exceed assets – where company's directors would be in deadlock – whether Plaintiff person aggrieved – whether reinstatement just. Legislation Cited: - Corporations Act 2001 (Cth), ss 198F, 290, 601AH(2) Cases Cited: - Australian Competition and Consumer Commission v Australian Securities and Investments Commission [2000] NSWSC 316; (2000) 174 ALR 688; 34 ACSR 232 - Collie v Merlaw Nominees Pty Ltd (in liq) [2001] VSC 39; (2001) 37 ACSR 361 - Donmastry Pty Ltd v Albarran [2004] NSWSC 632; (2004) 49 ACSR 745 - Georgios Sotiropoulos as Executor of the Estate of the Late Maria Sotiropoulos v Vlasios Sotiropoulos [2015] NSWSC 855 - Lemery Holdings Pty Ltd v Reliance Financial Services Pty Ltd [2008] NSWSC 1344; (2008) 74 NSWLR 550 - Re Combined Building Consultants Pty Ltd [2011] FCA 439 - Re Frozen Puppies Dot Com Pty Ltd [2014] NSWSC 1890 - Re KGB Export Pty Ltd [2012] NSWSC 1077 - Re Tamsin Pty Ltd (1994) 13 ACSR 136 Category: Principal judgment Parties: Vlasios Vasilios Sotiropoulos (Plaintiff) Australian Securities and Investments Commission (First Defendant) Georgios Vasilios Sotiropoulos (Second Defendant) Representation: Counsel: M W Sneddon (Plaintiff) J G Harrowell (Solicitor – Second Defendant)