Corporations Case Law Update: 19 April 2012

The Federal Court has handed down its judgment in MG Corrosion Consultants Pty Ltd v Gilmour [2012] FCA 383 (16 April 2012).

This was a Corporations case, following is the summary of the catchwords:

Freezing orders – appointment of an external administrator – s 440D of the Corporations Act 2001 (Cth) – proceeding – in relation to – any of its property – legal or equitable estate or interest – a thing in action – chose in action – bare right to litigate – third parties – Mareva type order – undertaking – discretionary considerations – dissipation or disposal of assets – Div 7.4  of the Federal Court Rules 2011 (Cth) – good arguable case – inference – danger or real risk 

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