CORPORATIONS - application by liquidator of company against former directors for breach of statutory directors' duties under the Corporations Act 2001 (Cth) (Act) and claims for compensation under s 1317H of the Act - claims that each director was involved in the other's contraventions - claims that directors breached duty to prevent insolvent trading under s 588G of the Act and for compensation under s 588M of the Act - whether the first defendant was a de facto or shadow director of the company - where the defendants ran the business together and made decisions jointly - where satisfied first defendant was a de facto director - where company made payments to the defendants without any commercial justification or reason - where defendants did not appear at the hearing or file any evidence - where satisfied payments made in contravention of s 180(1), s 181(1) and s 182 of the Act - compensation ordered under s 1317H of the Act - whether the company was actually insolvent or presumed to be insolvent - where satisfied the company did not maintain books and records as required by s 286 of the Act - presumed insolvency established pursuant to s 588E(4) of the Act - lack of financial records insufficient to form conclusive assessment of company's financial position to establish actual insolvency - orders made under s 588M(2) of the Act - contraventions established - declarations made
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