Anthony McInerney SC and Luke Livingston recently appeared via Microsoft Teams for the Deputy Commissioner of Taxation before the Full Court of the Federal Court in an appeal brought by Mr Changran Huang (also known as Huang Xiangmo) from a worldwide freezing order. Late last year, the Federal Court entered judgment against Mr Huang, in favour of the Deputy Commissioner, in the sum of approximately $140 million for tax-related liabilities. Mr Huang contends that the freezing order should be confined to his assets located in Australia and not assets located overseas, including in jurisdictions where enforcement may be difficult, particularly China and Hong Kong. The appeal provides an opportunity for the Full Court to clarify the circumstances in which a freezing order may be made against the worldwide assets of a judgment debtor or prospective judgment debtor. The Full Court has reserved its judgment.
Sydney Morning Herald article can be found here.
