Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Dresna Pty Ltd v Linknarf Management Services Pty Ltd (in liq) [2006] FCAFC 193
EQUITY – fiduciary obligations – respondent agrees to sell supermarket business to appellant – lessor's consent withheld – appellant and respondent agree to sue lessor – non-disclosure by respondent to appellant of knowledge that lessor had conditional agreement to grant lease to third party – respondent sells supermarket to third party – whether the litigation agreement gave rise to fiduciary obligations – whether fiduciary obligations breached
Held: (Heerey and Bennett JJ) No fiduciary obligations, (Gyles J) fiduciary obligations existed but not breached.
Dresna Pty Ltd v Linknarf Management Services Pty Ltd (in Liq) [2006] FCA 540 affirmed Hospital Products Ltd v United States Surgical Corporation (1984) 156 CLR 41 at 68 cited Lehmann v McArthur (1868) LR 3 Ch App 496 at 501 followed United Dominions Corporation Ltd v Brian Pty Ltd (1985) 157 CLR 1 at 12 distinguished West Layton Ltd v Ford [1979] QB 593 followed Bickel v Duke of Westminster [1977] QB 517 at 523-524 followed Re Town Investments Ltd Underlease [1954] Ch 301 at 314-315 cited Buck v Bavone ((1976) 135 CLR 110 at 118-119 cited Minister for Immigration and Ethnic Affairs v Wu Shan Liang (1996) 185 CLR 259 at 276-277 cited Keech v Sandford (1726) 2 Eq Cas Abr 741, 25 ER 223 cited Expectation Pty Ltd v PRD Realty Pty Ltd (2004) 140 FCR 17 cited Concrete Pty Limited v Parramatta Design & Developments Pty Ltd [2006] HCA 55 cited State Rail Authority of New South Wales v Earthline Constructions Pty Ltd (in liq) (1999) 160 ALR 588; (1999) 73 ALJR 306 cited McKay v Dick (1881) 6 App Cas 251 cited Butts v O'Dwyer (1952) 87 CLR 267 cited Secured Income Real Estate (Australia) Limited v St Martins Investments Proprietary Limited (1979) 144 CLR 596 cited Eddadock Pty Ltd v Denning Properties Pty Ltd [2002] NSWSC 208 cited Tamsco Ltd v Franklins Ltd (2001) 10 BPR 19,077; [2002] ANZ ConvR 491; (2002) NSW ConvR 56-018; (2002) Q ConvR 54-573; [2001] NSWSC 1205 cited Demagogue Pty Ltd v Ramensky (1992) 39 FCR 31 cited Fraser v NRMA Holdings Limited (1995) 55 FCR 452 cited Australian Naturalcare Products Pty Ltd v McGrath; in the matter of Pan Pharmaceuticals Limited (in liq) [2006] FCA 1403 cited Cubillo v Commonwealth (2001) 112 FCR 455 at [462]–[465] applied
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