CORPORATIONS- Liquidators- Independence- Alleged conflict of interest and lack of independence through retainer of solicitor also acting for two directors- Discussion of Re Allebart Pty Ltd (in Liq)- Necessity that independence and impartiality both exist and be seen to exist- Burden on plaintiff to show cause why liquidator should be removed- Due cause to be measured by "the real, substantial, honest interests of the liquidation".
Acts Cited:
Corporations Act, ss 503, 533
Case Details
Citation[2002] NSWSC 573
CourtNSWSC
JurisdictionNew South Wales
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