Focus Management and Business Solutions Pty Ltd, in the matter of Focus Management and Business Solutions Pty Ltd

Case [2011] FCA 1380


FEDERAL COURT OF AUSTRALIA

Focus Management & Business Solutions Pty Ltd, in the matter of Focus Management & Business Solutions Pty Ltd [2011] FCA 1380

Citation: Focus Management & Business Solutions Pty Ltd, in the matter of Focus Management & Business Solutions Pty Ltd [2011] FCA 1380
Parties: IN THE MATTER OF FOCUS MANAGEMENT AND BUSINESS SOLUTIONS PTY LTD
File number: WAD 441 of 2011
Judge: GILMOUR J
Date of judgment: 1 December 2011
Legislation: Corporations Act 2001 (Cth) s 482(1)
Date of hearing: 1 December 2011
Place: Perth
Division: GENERAL DIVISION
Category: No catchwords
Number of paragraphs: 4
Counsel for the Plaintiff: Ms Lyn-Lee Teh
Solicitor for the Plaintiff: Paul Fletcher & Co

IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY

GENERAL DIVISION

WAD 441 of 2011

IN THE MATTER OF FOCUS MANAGEMENT AND BUSINESS SOLUTIONS PTY LTD

IN THE MATTER OF FOCUS MANAGEMENT AND BUSINESS SOLUTIONS PTY LTD
Plaintiff

JUDGE:

GILMOUR J

DATE OF ORDER:

1 DECEMBER 2011

WHERE MADE:

PERTH

THE COURT ORDERS THAT:

1.Pursuant to s 482(1) of the Corporations Act 2001 (Cth) the winding up of Focus Management & Business Solutions Pty Ltd be terminated.

2.There be no order as to costs.   

Note:Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.


IN THE FEDERAL COURT OF AUSTRALIA

WESTERN AUSTRALIA DISTRICT REGISTRY

GENERAL DIVISION

WAD 441 of 2011

IN THE MATTER OF FOCUS MANAGEMENT AND BUSINESS SOLUTIONS PTY LTD

IN THE MATTER OF FOCUS MANAGEMENT AND BUSINESS SOLUTIONS PTY LTD
Plaintiff

JUDGE:

GILMOUR J

DATE:

1 DECEMBER 2011

PLACE:

PERTH

REASONS FOR JUDGMENT

  1. This is an application made under section 482(1) of the Corporations Act 2001 (Cth) (the Act). The applicant is a contributory of Focus Management & Business Solutions Proprietary Limited (Focus). On 27 January 2011 Mr Christopher Michael Williamson was appointed official liquidator of Focus, pursuant to an order of the Supreme Court of Western Australia in proceedings COR222/2010. The applicant seeks orders under the statutory provision that the winding up of Focus be terminated and that there be no orders to costs.

  2. The application is supported by an affidavit of Paul Francis Fletcher, sworn 20 November 2011; as well as by the liquidator, Mr Christopher Michael Williamson, sworn on 17 November 2011; and, finally, by the applicant in the matter, Mr Thierry Tedeschi, sworn 3 November 2011. 

  3. I have had the benefit of detailed written submissions dated 28 November 2011 by the solicitors for the applicant which correctly set out the requirements as to which I must be satisfied before exercising jurisdiction to grant the order sought and so for the reasons contained in those submissions and having regard to the affidavit material to which I have referred, I am satisfied that the orders may and ought be made as sought in the application. 

  4. Accordingly, there will be orders that pursuant to s 482(1) of the Corporations Act 2001 (Cth), the winding up of Focus be terminated, and there be no order as to costs.

I certify that the preceding four (4) numbered paragraphs are a true copy of the Reasons for Judgment herein of the Honourable Justice Gilmour.

Associate:

Dated:       5 December 2011

Details
AGLC
Focus Management and Business Solutions Pty Ltd, in the matter of Focus Management and Business Solutions Pty Ltd [2011] FCA 1380
Case
[2011] FCA 1380
Decision Date

CaseChat Overview and Summary

Focus Management and Business Solutions Pty Ltd was subject to a winding up petition, which led to a legal dispute involving the company and its creditors. The Federal Court was tasked with deciding on the petition and the subsequent winding up of the company. The primary legal issue was whether the winding up of the company should be terminated under section 482(1) of the Corporations Act 2001. This section allows the court to terminate a winding up if it considers it just and equitable to do so.

The court considered several factors in its decision. It examined the history of the company's financial struggles, the steps taken to address these issues, and the prospects for the company's future viability. The court also considered the interests of the creditors and whether terminating the winding up would be in their best interests. After careful deliberation, the court found that terminating the winding up was just and equitable, given the company's efforts to address its financial difficulties and the potential for the company to continue operating successfully.

In light of these findings, the court ordered the winding up of Focus Management and Business Solutions Pty Ltd to be terminated. The court did not make any order regarding costs, reflecting the unique circumstances of the case and the broader interests at stake. This decision allows the company to continue its operations, providing an opportunity for it to recover and potentially fulfill its obligations to creditors.

Orders

Orders of the court

1. Pursuant to s 482(1) of the Corporations Act 2001 (Cth) the winding up of Focus Management & Business Solutions Pty Ltd be terminated.

2. There be no order as to costs.

Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.

Background

Background to the litigation

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Evidence

Evidence Before The Court

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Decision

Reasons for decision

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Ratio Decidendi

Legal Principle Established

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