Nexus Minerals NL v Brutus Constructions Pty Ltd & Anor [1997] FCA 926

FEDERAL COURT OF AUSTRALIA CORPORATIONS LAW - Loss or damage an essential component of damages claim under s 232(8) of the Corporations Law for breach of director's duties. CONTRACTS - Loss of chance - Whether sale of disputed interest compensable for loss of chance - whether a loss of "some value" occasioned.

Sellars v Adelaide Petroleum NL (1994) 179 CLR 332 (Followed) Luna Park (NSW) Ltd v Tramways Advertising Pty Ltd (1938) 61 CLR 285 (Followed) COSTS - discretion to award - award of nominal damages not a basis for costs as of course.

Hughes v Western Australian Cricket Association (Inc) (1986) ATPR 40-748 (Followed) Alltrans Express Ltd v CVA Holdings Ltd [1984] 1 WLR 394 (Followed) Anglo-Cyprian Trade Agencies Ltd v Paphos Wine Industries Ltd [1951] 1 All ER 873 (Followed) Beaumont v Greathead (1846) 2 CB 494 Australian Conservation Foundation v Forestry Commission (1988) 81 ALR 166 (Followed) Henderson v Amadio Pty Ltd, unreported FCA 22 March 1996, Heerey J (Followed) NEXUS MINERALS NL v BRUTUS CONSTRUCTIONS PTY LTD and BOLESLAW WILLIAM KOZYRSKI WAG 137 of 1995 SPENDER, R D NICHOLSON, FINN JJ PERTH 10 SEPTEMBER 1997

IN THE FEDERAL COURT OF AUSTRALIA ) ) WESTERN AUSTRALIAN ) WAG 137 of 1995 ) DISTRICT REGISTRY ) ) GENERAL DIVISION )

On appeal from a single Judge of the Federal Court of Australia

BETWEEN: NEXUS MINERALS NL

Appellant

AND: BRUTUS CONSTRUCTIONS PTY LTD

First Respondent

BOLESLAW WILLIAM KOZYRSKI

Second Respondent

CORAM: SPENDER, R D NICHOLSON, FINN JJ PLACE: PERTH DATED: 10 SEPTEMBER 1997

MINUTES OF ORDER

THE COURT ORDERS THAT: The appeal be dismissed with costs. Note: Settlement and entry of orders is dealt with in Order 36 of the Federal Court Rules.