By -

Key decisions

Property

Court’s interim appointment of receiver to sell parties’ business set aside

In Scott [2019] FamCAFC 9 (24 January 2019) the wife worked as practice manager in a professional practice in which the husband worked as a professional until 2016, a year after separation, when he set up his own practice. A month earlier the Court appointed an independent interim manager to run the practice and directed the parties to remain involved in the business, subject to the manager’s discretion. In 2018 when the wife sought an order that the manager no longer be required to involve the husband in decisions, the husband sought the discharge of the manager and the appointment of a receiver. Cleary J removed the manager and appointed a receiver on the basis that the business was dysfunctional and each party would have the chance to buy the business from the receiver. The Full Court (Ainslie-Wallace, Ryan and Watts JJ) said (from [22]):

You've reached the end of this article preview

There's more to read! Subscribe to LSJ today to access the rest of our updates, articles and multimedia content.

Subscribe to LSJ

Already an LSJ subscriber or Law Society member? Sign in to read the rest of the article.

Sign in to read more