In the matter of BBY Limited (Receivers and Managers appointed) (in liquidation) (No 2)

[2018] NSWSC 346

Supreme Court of NSW

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Catchwords

1. Corporations
2. › Winding up
3. › Conduct of liquidation
4. › Application for directions - Distribution of assets
5. › Distribution of client segregated accounts
6. › the manner in which funds should be distributed per Corporations Regulations reg 7.8.03 - whether reg 7.8.03(6) should be applied separately to each client segregated account
7. › whether liquidators should pool all (or some) of the client segregated accounts
8. › held pooling not directed across product lines.
1. Corporations
2. › Winding up
3. › Conduct of liquidation
4. › Application for directions - Distribution of assets
5. › Distribution of recoveries
6. › Returned collateral - whether some or all of the recoveries are beneficially owned or held on trust for clients
7. › how recoveries and returned collateral should be distributed having regard to Corporations Regulations
8. › held recoveries and returned collateral held on trust for clients.
1. Corporations
2. › Winding up
3. › Conduct of liquidation
4. › Application for directions - Distribution of assets
5. › Low balances
6. › whether the Liquidators are justified in treating clients with a low balance in a client segregated account or recovery as having no entitlement to participate
7. › held, justified in treating as having no entitlement.
1. Corporations
2. › Winding up
3. › Conduct of liquidation
4. › Application for directions - Distribution of assets
5. › Interest
6. › whether interest earned on client segregated accounts and recoveries is beneficially owned or held on trust for clients
7. › held, interest held on trust for relevant clients