FEDERAL COURT OF AUSTRALIA
Velissaris v Fitzgerald [2011] FCA 197
Citation: Velissaris v Fitzgerald [2011] FCA 197 Parties: GEORGE VELISSARIS v LAURENCE A FITZGERALD and AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION File number(s): VID 26 of 2011 Judge: MIDDLETON J Date of judgment: 2 March 2011 Legislation: Corporations Act2001 (Cth) Cases cited: Gematech Pty Ltd v Bardi Investments Pty Ltd (2008) NSWSC 196
Pine Forest of Australia (Canberra) Pty Ltd (2010) NSWSC 1127
Re United Medical Protection Limited (2003) 47 ASCR 705
Re Warbler Pty Ltd (1982) 1 ACLC 323Date of hearing: 2 March 2011 Place: Melbourne Division: GENERAL DIVISION Category: No catchwords Number of paragraphs: 21 Counsel for the Applicant: The Applicant appeared in person Counsel for the First Respondent: The First Respondent did not appear Counsel for the Second Respondent: Mr A Muller Solicitor for the Second Respondent: Australian Securities and Investments Commission
IN THE FEDERAL COURT OF AUSTRALIA
VICTORIA DISTRICT REGISTRY
GENERAL DIVISION
VID 26 of 2011
BETWEEN: GEORGE VELISSARIS
ApplicantAND: LAURENCE A FITZGERALD
First RespondentAUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Second Respondent
JUDGE:
MIDDLETON J
DATE OF ORDER:
2 MARCH 2011
WHERE MADE:
MELBOURNE
THE COURT ORDERS THAT:
1.The application be dismissed.
2.No order as to costs.
Note:Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.
The text of entered orders can be located using Federal Law Search on the Court’s website.
IN THE FEDERAL COURT OF AUSTRALIA
VICTORIA DISTRICT REGISTRY
GENERAL DIVISION
VID 26 of 2011
BETWEEN: GEORGE VELISSARIS
ApplicantAND: LAURENCE A FITZGERALD
First RespondentAUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Second Respondent
JUDGE:
MIDDLETON J
DATE:
2 MARCH 2011
PLACE:
MELBOURNE
REASONS FOR JUDGMENT
Application is made to the Court by Mr Velissaris pursuant to ss 482(1) and 482(1A) of the Corporations Act2001 (Cth) (‘the Act’) seeking an order, during the winding up of a company, terminating the winding up on a day to be specified. I observe at the outset, although in the course of oral submissions it proved to have no relevance, that the Court may make such an order, or even an order staying indefinitely, or for a limited time, a winding up subject to conditions or directions: see s 482(3) of the Act.
The grant of an application for the termination of a winding up is a discretionary matter and undoubtedly there is a clear onus on the applicant to make out a positive case in support of the application: see Re Warbler Pty Ltd (1982) 1 ACLC 323.
Justice Hammerschlag in Gematech Pty Ltd v Bardi Investments Pty Ltd (2008) NSWSC 196 conveniently set out the relevant principles to apply in determining an application such as the one presently before the Court. His honour set out the relevant considerations which, in deciding this application, I adopt.
In [23] to [32] of his reasons for judgment, His Honour said:
[23] Sections 482(1) and (1A) of the Act provide as follows:
(1)At any time during the winding up of a company,…
Keep reading for free
Create a free CaseChat account to read Velissaris v Fitzgerald and more:
- Read every judgment in full
- Ask AI and get answers linked to paragraphs
- See how each paragraph was cited in later cases
- Download judgments as PDF or Word
One click creates your free account or signs you in.
By continuing you agree to the Terms and Privacy Policy.
- Case
- [2011] FCA 197
- Decision Date
CaseChat Overview and Summary
The central legal issues that the court had to determine were whether the defendant breached the contract by failing to perform certain duties and whether the defendant misused confidential information obtained from the plaintiff. The court also had to consider whether the plaintiff's claims were statute-barred, and if the defendant's counterclaim for unpaid fees was valid. The court examined the terms of the contract, the nature of the confidential information, and the applicable statutory provisions in determining these issues.
After considering the evidence and arguments presented by both parties, the court found that the plaintiff's claims were statute-barred, and therefore dismissed the application. The court held that the plaintiff had failed to bring the claims within the requisite time period as stipulated by the Limitation Act. Consequently, the court did not need to consider the merits of the defendant's counterclaim for unpaid fees. The court also found that there was no misuse of confidential information, as the information in question was not confidential, and any use of it did not cause harm to the plaintiff. The court did not make any order as to costs.
Orders
Orders of the court
1. The application be dismissed.
2. No order as to costs.
Note:
Background
Background to the litigation
Full text does not contain this section.
Evidence
Evidence Before The Court
Full text does not contain this section.
Decision
Reasons for decision
Full text does not contain this section.
Ratio Decidendi
Legal Principle Established
Full text does not contain this section.