This document provides a case summary of Central Management Pty Ltd, including the legal issues, facts, statutes, and court decision. It discusses the position of Mr. Henderson as a de facto director and fiduciary duties arising as a director of the company. The court decision highlights the breach of Sections 180, 181, 182, and 183 of the Corporations Act 2001 by Mr. Henderson and the implications of the decision for directors and companies.

500 word Case Study

Complete a 500 word case study on the Supreme Court case 'In the matter of Central Management (NSW) Pty Ltd (in liquidation) ACN 139 989 852 [2017] NSWSC 1258'. The case study should analyze the legal reasoning, application of common law principles, and interpretation of statute law in the case.

Read the case summary of Central Management Pty Ltd and the legal issues, facts, statutes, and court decision involved.

Central Management Pty Ltd - Case Summary

Central Management Pty Ltd

The case of Fodare Pty Ltd v Shearn

Presentation

The article discusses the breach of directors duties under Corporation Act 2001 in ASIC v Cassimatis (No. 8) [2016] FCA 1023. It covers the consequences of breach, facts of the case, cause of action, decision of the court, and reasoning of the court. The case highlights the role of AISC in situations where the conduct of the corporation has a severe detrimental effect on the clients.

Breach of Directors Duties under Corporation Act 2001 - ASIC v Cassimatis (No. 8) [2016] FCA 1023

In this case study&nbsp;we will discuss about NSW and below are the summaries point:-


	Did Mr Henderson breach his duties as director of Central Management Pty Ltd before resigning on 31 December 2010?
	Was Mr Henderson a de facto director of Central Management Pty Ltd after 31 December 2010?
	Is Central Management Pty Ltd entitled to recover monies from PP Hotel Investments and Mr Henderson?
	Mr Henderson was a director of Central Management Pty Ltd until 31 December 2010 and also a director and major shareholder of PP Hotel Investments.
	Mr Henderson permitted payments of money by Central Management Pty Ltd to ME Bank and Bundy Central on behalf of PP Hotel Investments loans, both before and after his resignation.
	Central Management Pty Ltd sought to recover money from PP Hotel Investments and Mr Henderson, alleging breach of director duties.
	The court found that there was a loan between PP Hotel Investments and Central Management Pty Ltd, and that Mr Henderson breached his director duties prior to 31 December 2010.
	The court held that Mr Henderson was not a de facto director of Central Management Pty Ltd after his resignation, despite his involvement in correspondence and consulting by other companies.
	Central Management Pty Ltd was entitled to recover the money it paid to PP Hotel Investments and the banks before 31 December 2010.
	Mr Henderson and PP Hotel Investments were ordered to pay 60% of the costs of the proceedings for Central Management Pty Ltd.


University of Melbourne

Central Management Pty Ltd (in liquidation) ACN 139 989 852 [2017] NSWSC 1258

This case study analyses the breach of director duties by Mr Gonzo under the Corporations Act and the legal implications he faces. It discusses the relevant sections of the Act and compares it with similar cases. Mr Gonzo breached sections 181, 182, 183 & 184 of the Act by not working in good faith, using information for personal benefit and improper use of his position. He is liable for criminal penalties.

Breach of Director Duties under Corporations Act: Case of Mr Gonzo

Company Law Case Study 2022

This case study examines the landmark case of Asden Developments Pty Ltd (in Liq) v Dinoris (No 3) - [2016], focusing on the duties of liquidators under the Corporations Act, 2001. The case involved allegations of missing funds and improper distribution of proceeds from the sale of a company asset. We delve into the specific provisions of the Act, the arguments presented by both the plaintiff and the defendants, and the court's final decision. This analysis provides valuable insights into the legal framework governing liquidators' responsibilities and the potential consequences of failing to meet those obligations.

Central Management Pty Ltd

End of preview

The case of Fodare Pty Ltd v Shearn

Breach of Directors Duties under Corporation Act 2001 - ASIC v Cassimatis (No. 8) [2016] FCA 1023

Central Management Pty Ltd (in liquidation) ACN 139 989 852 [2017] NSWSC 1258

Breach of Director Duties under Corporations Act: Case of Mr Gonzo

Company Law Case Study 2022

Asden Developments Pty Ltd (in Liq) v Dinoris (No 3) - [2016]: A Case Study on Liquidator's Duties

Central Management Pty Ltd

End of preview

The case of Fodare Pty Ltd v Shearnlg...

Breach of Directors Duties under Corporation Act 2001 - ASIC v Cassimatis (No. 8) [2016] FCA 1023lg...

Central Management Pty Ltd (in liquidation) ACN 139 989 852 [2017] NSWSC 1258lg...

Breach of Director Duties under Corporations Act: Case of Mr Gonzolg...

Company Law Case Study 2022lg...

Asden Developments Pty Ltd (in Liq) v Dinoris (No 3) - [2016]: A Case Study on Liquidator's Dutieslg...

The case of Fodare Pty Ltd v Shearn

Breach of Directors Duties under Corporation Act 2001 - ASIC v Cassimatis (No. 8) [2016] FCA 1023

Central Management Pty Ltd (in liquidation) ACN 139 989 852 [2017] NSWSC 1258

Breach of Director Duties under Corporations Act: Case of Mr Gonzo

Company Law Case Study 2022

Asden Developments Pty Ltd (in Liq) v Dinoris (No 3) - [2016]: A Case Study on Liquidator's Duties