Williams & Kersten Pty Ltd v Walton Construction (Qld) Pty Ltd (in liq), in the matter of Walton Construction (Qld) Pty Ltd (in liq) [2019] FCA 1201
Where creditors of two related companies in liquidation applied for the appointment of a Special Purpose Liquidator (SPL) under Division 90, s 90-15 of the Insolvency Practice Schedule (Corporations). The applicants required the order because they wished to have the SPL investigate bringing, and if appropriate bring, proceedings to recover damages or compensation from a director of the companies, for his alleged involvement in two purported restructuring schemes in breach of his duties as a director, and from a bank for its alleged involvement in the same schemes.
Shane Monks appeared on behalf of the plaintiffs, instructed by Bounty Law.
The judgment is available here.