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Timbercorp Almond Apportionment Hearing Updates

Company Name

Timbercorp Group of Companies (In Liquidation)

Type of Appointment

Liquidation

Date of Appointment

23 April 2009

Appointees

Craig Shepard and Leanne Chesser and Mark Korda and Mark Mentha

Liquidation Profile

Liquidation: 29 June 2009

Warning

Information for Scheme Members and Creditors of Timbercorp Ltd Group of Companies (In Liquidation) (ASX: TIM) ('Timbercorp')

Access to information about the Timbercorp liquidations contained on this web page (and any links thereto) is limited to Scheme Members and creditors of Timbercorp  (and any professional advisors of such Scheme Members or creditors).  In order to access information regarding the liquidations of Timbercorp, you must declare as follows:

 “I declare that I am a Scheme Member or creditor of Timbercorp (or a professional advisor thereto) and I agree not to communicate any information contained on this web page (and any links thereto) to any person other than another Scheme Member or Creditor of Timbercorp without the express written consent of the liquidators or unless otherwise compelled by law.

I indemnify KordaMentha and the liquidators of Timbercorp in respect of any liability to which they are exposed in the event that this declaration is false and as a consequence of that falsity.”

By clicking Proceed below you declare and acknowledge the above statement:

 
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Creditors Timbercorp Almond Apportionment Hearing Updates

Purpose

The purpose of this page is to provide a central point of contact for the distribution of information to Grower Investors who have invested in the Almond Schemes for which Timbercorp Securities Limited (In Liquidation) (“TSL”) acts as Responsible Entity (“RE”). The documents and information provided on this page will be updated on a regular basis. Grower Investors are urged to check this page in the first instance should they have any queries or would like an update as to the status of the Almond Schemes.


Current Status

Sale of Assets

  • The Timbercorp owned almond orchards and attached water rights have been sold to Olam International Group for approximately $128 million. The sale was completed on 2 December 2009.

  • These sale proceeds are being held on trust until proceedings in the Supreme Court determine the apportionment of the proceeds between secured creditors and Grower Investors. The hearing commenced in February 2011 with final submissions heard on 22 March 2011. By the order of the Court, Clarendon Lawyers were funded from the sale proceeds to represent Grower Investors.

  • Judgment was delivered by the Supreme Court on 15 June 2011 and was subsequently appealed on 11 July 2011.

Appointment Contacts: Australia

Timbercorp Hotline
T: +61 3 8623 3333



Relevant links

Creditors forms and information - Australia

Download Documents

Judgement of 15 June 2011

Judgement of 15 June 2011

8902kb

Court Proceedings

Affidavit of Mark Anthony Korda (3 March 2010)

1069kb

Affidavit of Ross Whyte McClymont [Blake Dawson Waldron] (15 December 2009)

1248kb

Amended Originating Motion [Amended pursuant to the Orders of Justice Davies] (23 December 2009)

211kb

Exhibit MAK-001

178kb

Exhibit MAK-002

8934kb

Exhibit MAK-003

106kb

Exhibit MAK-004

58kb

Exhibit MAK-005

1627kb

Exhibit MAK-006

773kb

Exhibit MAK-007

1854kb

Exhibit MAK-008

3328kb

Exhibit MAK-009

6100kb

Exhibit MAK-010

5181kb

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1171kb

Exhibit MAK-013

1106kb

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1136kb

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1055kb

Exhibit MAK-016

1081kb

Exhibit MAK-017

1024kb

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1004kb

Exhibit MAK-019

1085kb

Exhibit MAK-020

1039kb

Exhibit MAK-021

2533kb

Exhibit MAK-022

4162kb

Exhibit MAK-023

1108kb

Exhibit MAK-024

1130kb

Exhibit MAK-025

2646kb

Exhibit MAK-026

4362kb

Exhibit MAK-027

1506kb

Exhibit MAK-028

3376kb

Exhibit MAK-029

98kb

Exhibit MAK-030

1128kb

Exhibit MAK-031

967kb

Exhibit MAK-032

839kb

Exhibit MAK-033

1067kb

Exhibit MAK-034

720kb

Exhibit MAK-035

267kb

Exhibit MAK-036

718kb

Exhibit MAK-037

711kb

Exhibit MAK-038

754kb

Exhibit MAK-039

118kb

Exhibit MAK-040

218kb

Exhibit MAK-041

240kb

Exhibit MAK-042

890kb

Exhibit MAK-043

1105kb

Exhibit MAK-044

1837kb

Exhibit MAK-045

85kb

Exhibit MAK-046

2916kb

Exhibit MAK-047

1388kb

Exhibit MAK-048

1703kb

Exhibit MAK-049

5538kb

Exhibit MAK-050

235kb

Exhibit MAK-051

225kb

Exhibit MAK-052

167kb

Exhibit MAK-053

175kb

Exhibit MAK-054

58kb

Exhibit MAK-055

2183kb

Exhibit MAK-056

146kb

Exhibit MAK-057

292kb

Exhibit MAK-058

342kb

Exhibit MAK-059

102kb

Exhibit MAK-060

61kb

Exhibit MAK-061

147kb

Exhibit MAK-062

812kb

Exhibit MAK-063

211kb

Exhibit MAK-064

499kb

Exhibit MAK-065

85kb

Exhibit MAK-066

73kb

Exhibit MAK-067

764kb

Exhibit MAK-070

375kb

Exhibit MAK-071

258kb

Exhibit MAK-072

3516kb

Exhibit MAK-073

121kb

Exhibit MAK-074

1023kb

Exhibit MAK-075

161kb

General Form of Order Justice Davies (22 December 2009)

1107kb

Minute of Order (22 March 2010)

38kb

Minute of Order (23 April 2010)

98kb

Minute of Proposed Consent Orders (2 July 2010)

110kb

Minutes of Consent order (18 February 2010)

60kb

Minutes of consent orders (9 March 2010)

87kb

Originating Motion (15 December 2009)

134kb

Summons [BOSI Security Services Ltd, BOS International and Westpac] (15 December 2009)

151kb