23 Aug 2012
THE OFFICIAL ASSIGNEE V GRANT THORNTON HC AK CIV 2011-404-005724
- Citation
- openlaw-f3088e9d_7899_48ce_8a14_3730959dd0bf.pdf
- Court
- High Court
Section 261(3)(b) does not empower the liquidator to require production of documents that belong to a third party; production of such documents is an extraordinary discretionary power of the Court under s266(2)(b); applying the balancing exercise the Assignee's investigation was bona fide and the public interest and need to investigate Rockforte's collapse outweighed Grant Thornton's confidentiality and burden concerns, therefore an order for production of the requested audit-related documents was granted, leave reserved for further directions and no order as to costs.