In the matter of Kimberley Diamond Company Limited [2016] NSWSC 1963

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Kimberley Diamond Company Limited [2016] NSWSC 1963 Hearing dates: 5 February 2016 Date of orders: 05 February 2016 Decision date: 05 February 2016 Jurisdiction: Equity - Corporations List Before: Brereton J Decision: Examination to be held in private. Catchwords: CORPORATIONS – examinations relating to insolvency – application to adjourn examination pending outcome of related criminal proceedings – held, pending criminal proceedings against examinee do not afford basis for adjourning examination

CORPORATIONS – examinations relating to insolvency – public or private examination – whether examination to be held in private where there are pending related criminal proceedings – where no opposition to conducting examination in private court must still consider whether there are special circumstances within meaning of (CTH) Corporations Act 2001, s 597 – held, pendency of a criminal prosecution in this case falls within "special circumstances" to enliven discretion under s 597(4). Legislation Cited: (CTH) Corporations Act 2001, s 596F, s 597, s 597(4) (CTH) Bankruptcy Act 1966, s 541 Cases Cited: Corporate Affairs Commission v Lombard Nash International Pty Limited (No 4) (1987) 12 ACLR 475 Friedrich v Herald and Weekly Times Limited (1989) 1 ACSR 277 Hamilton v Oades [1989] HCA 21; (1989) 166 CLR 486 Mortimer v Brown (1970) 122 CLR 493 Oades v Hamilton (1987) 11 NSWLR 138 Re Clarecastle Pty Limited [2011] NSWSC 490 Re Gordon (1988) 18 FCR 366 Category: Procedural and other rulings Parties: Alexandre Alexander (first applicant) Rodney Sainty (second applicant) Kimberley Diamond Company Pty Limited (in liquidation)(corporation subject to the proceedings) Christopher Michael Williamson (liquidator)(first respondent) Sule Arnautovic (liquidator)(second respondent) Trajan John Kukulovski (liquidator)(third respondent) Representation: Counsel: D R Sulan (applicants) D R Stack (respondents)