Catchwords
CGU Insurance Limited v One.Tel Limited (In Bankruptcy - Deed of Arrangement - Directors and officers liability policy of insurance - Equitable assignment of rights under policy of insurance to trustee under Deed of Arrangement - Trustee commenced proceedings in pursuit of rights under policy of insurance - Deed of Arrangement terminated - Effect of termination - Whether trustee had power to continue proceedings - Whether "loss" suffered under policy of insurance - Whether certain clauses of Deed of Arrangement survived termination.
Trusts – Bare trust - Duties and powers of trustee.
Words and phrases – "loss", "bare trust".
Bankruptcy Act 1966 (Cth) – Pt X.
Conveyancing Act 1919 (NSW) – s 12.