de Vries v Rapid Metal Developments (Australia) Pty Ltd

Receivers liability for taking possession of unidentifiable mixed assets


Receivers often come into possession of assets that have many owners, are mixed up and cannot be identified. Here one of the owners claimed hiring costs and replacement costs of the scaffolding under a contract. Section 419A(2) of the Corporations Act was considered by the Court and important points were made as to what claims can be made against a Receiver under that section.

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Reference Info:Decision | Australia

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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