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Company Law

Analysis - guidance - compliance

09 MAY 2014

BAILEY AND OTHERS v ANGOVE’S PTY LIMITED

BAILEY AND OTHERS v ANGOVE’S PTY LIMITED
Court of Appeal
Patten, Lewison and Sharp LLJ
7 March 2014

PATTEN LJ:
[1] The principal issue on this appeal is whether the respondent, Angove’s Pty Limited (“Angove”), is entitled to payment of the sums of A$570,843.22 and A$302,773.86 plus accrued interest which are currently held in escrow pending the outcome of this litigation pursuant to a revised undertaking between the joint liquidators of D & D Wines International Limited (“D&D”) and Angove dated 26 July 2012.

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