In the matter of LCW Property Holdings Pty Ltd (deregistered) [2020] NSWSC 71

Supreme Court New South Wales

Medium Neutral Citation: In the matter of LCW Property Holdings Pty Ltd (deregistered) [2020] NSWSC 71 Hearing dates: 10 February 2020 Date of orders: 14 February 2020 Decision date: 14 February 2020 Jurisdiction: Equity - Corporations List Before: Gleeson J Decision: (1) Pursuant to s 601AH(2) of the Corporations Act 2001 (Cth), the Australian Securities and Investments Commission (ASIC) reinstate the registration of LCW Property Holdings Pty Ltd (ACN 629 793 666) (deregistered).

(2) The plaintiffs notify ASIC within 7 days of these orders.

(3) The proceedings be otherwise dismissed.

(4) There be no order as to costs to the intent that each party and interested persons bear their own costs. Catchwords: CORPORATIONS – deregistration by ASIC – reinstatement – where reinstatement will enable creditors to bring claim against company – whether reinstatement should be ordered under s 601AH(2) of Corporations Act 2001 (Cth) – company reinstated Legislation Cited: Corporations Act 2001 (Cth), s 601AH(2) Cases Cited: AMP General Insurance Ltd v Victorian WorkCover Authority [2006] VSCA 236 Arnold World Trading Pty Ltd v ACN 133 427 335 Pty Ltd [2010] NSWSC 1369; (2010) 80 ACSR 670 CGU Workers Compensation (NSW) Ltd v Rockwall Interiors Pty Ltd [2006] NSWSC 690; (2006) 201 FLR 296 Deputy Commissioner of Taxation v Australian Securities and Investments Commission; Re Civic Finance Pty Ltd (deregistered) [2010] FCA 1411; (2010) 81 ATR 456 Deputy Commissioner of Taxation; Re James Hardie Australia Finance Pty Ltd (Deregistered) (2008) 170 FCR 545; [2008] FCA 1181 In the matter of ERB International Pty Ltd (deregistered) [2014] NSWSC 200; (2014) 283 FLR 223 In the matter of Likehart Pty Ltd (deregistered) [2017] NSWSC 884 Mitzev v Fox [2007] NSWCA 273 Pilarinos v Australian Securities and Investments Commission [2006] VSC 301; (2006) 24 ACLR 775 White v Baycorp Advantage Business Information Services Ltd [2006] NSWSC 441; (2006) 200 FLR 125 Category: Principal judgment Parties: Paul Sapienza / Antonella Sapienza (Plaintiffs) Australian Securities and Investment Commission (Defendant) Constandinos Ganatzos / Gavin Duffy / Morgan Talbot (Interested parties) Representation: Counsel: J Hewitt / A Emmerson (Plaintiff) M L Rose (Interested parties)