Management 3 Group Pty Ltd (In Liq) v Lenny's Commercial Kitchens Pty Ltd (No 2) [2012] FCAFC 92

FEDERAL COURT OF AUSTRALIA

Management 3 Group Pty Ltd (In Liq) v Lenny's Commercial Kitchens Pty Ltd (No 2) [2012] FCAFC 92 Citation: Management 3 Group Pty Ltd (In Liq) v Lenny's Commercial Kitchens Pty Ltd (No 2) [2012] FCAFC 92

Appeal from: Management 3 Group Pty Ltd (in liq) v Lenny's Commercial Kitchens Pty Ltd (No 2) [2011] FCA 663

Parties: MANAGEMENT 3 GROUP PTY LTD (IN LIQUIDATION) (ACN 100 863 036) and ANDREW REGINALD YEO AND GESS MICHAEL RAMBALDI (AS LIQUIDATORS OF MANAGEMENT 3 GROUP PTY LTD (IN LIQUIDATION) (ACN 100 863 036) v LENNY'S COMMERCIAL KITCHENS PTY LTD (ACN 009 044 295) and SINO IRON PTY LTD (ACN 058 429 708)

File number: VID 735 of 2011

Judges: LANDER, GILMOUR & GORDON JJ

Date of judgment: 25 June 2012

Catchwords: PRACTICE AND PROCEDURE – pre-judgment interest – date from which interest is to run – interest to run until judgment is entered – rate at which interest accrues – whether penalty interest rate or Reserve Bank of Australia cash rate plus 4% – Practice Note CM16 Pre-judgment Interest – Federal Court of Australia Act 1976 (Cth), ss 51A, 52

Legislation: Federal Court of Australia Act 1976 (Cth) Federal Court Rules 2011 (Cth) Penalty Interest Rates Act 1983 (Vic)

Cases cited: AA Shi Pty Ltd v Avbar Pty Ltd (No 5) [2010] FCA 971 Alec Finlayson Pty Ltd v Armidale City Council (unreported, Burchett J, 6 March 1998) Batchelor v Burke (1981) 148 CLR 448 Borthwick v The Elderslie Steamship Company Limited (No 2) [1905] 2 KB 516 EMCL Pty Ltd v Esanda Finance Corporation Ltd (No 2) (1998) 160 ALR 382 Fair Work Ombudsman v Ramsey Food Processing Pty Ltd (2011) 198 FCR 174 GEC Marconi Systems Pty Ltd (t/as Easams Australia) v BHP Information Technology Pty Ltd (2003) 201 ALR 55; [2003] FCA 688 Holtby v Hodgson (1889) 24 QBD 103 Hungerfords v Walker (1989) 171 CLR 125 Kalls Enterprises Pty Ltd (In liquidation) v Baloglow (No 3) [2007] NSWCA 298 Kazar v Kargarian (2011) 197 FCR 113 Kettle Chip Company Pty Ltd v Apand Pty Ltd (No 2) (1998) 83 FCR 466 Lactos Fresh Pty Ltd v Finishing Services Pty Ltd (No 2) [2006] FCA 748 Markets Nominees Pty Ltd v Commissioner of Taxation [2012] FCA 262 MBP (SA) Pty Ltd v Gogic (1991) 171 CLR 657 McCormick v Riverwood International (Australia) Pty Ltd [2000] FCA 32 Nagy v Masters Dairy Ltd (1996) 150 ALR 273 Namol Pty Ltd v AW Baulderstone Pty Ltd (No 2) (1993) 47 FCR 388 Nicol v Allyacht Spars Pty Ltd (No 2) (1988) 165 CLR 306 Primus Telecommunications Pty Ltd v Kooee Communications Pty Ltd [2011] FCA 8 Rafferty v Time 2000 West Pty Ltd (No 5) [2010] FCA 873 Thompson v Faraonio (1979) 24 ALR 1 Todorovic v Waller (1981) 150 CLR 402 Wheeler v Page (1982) 31 SASR 1 White Industries (Qld) Pty Ltd v Flower & Hart (2000) 103 FCR 559