First Netcom Pty Ltd v Telstra Corp Ltd [2000] FCA 1269

FEDERAL COURT OF AUSTRALIA

First Netcom Pty Ltd v Telstra Corporation Ltd [2000] FCA 1269 EQUITY – interlocutory injunctions – undertaking as to damages – nature of – security for contingent liability under an undertaking – whether condition of injunction requiring security may be imposed retrospectively EQUITY – asset preservation orders – whether such orders may give the successful applicant priority in the event of bankruptcy or winding up WORDS & PHRASES – "usual undertaking as to damages" Federal Court Rules Os 32, 34 Telstra Corporation Ltd v First Netcom Pty Ltd (1997) 19 ATPR 41-574 referred to Telstra Corporation Ltd v First Netcom Pty Ltd (1997) 19 ATPR 41-575 referred to Air Express Ltd v Ansett Transport Industries (Operations) Pty Ltd (1979) 146 CLR 249 considered National Australia Bank v Bond Brewing Holdings Ltd (1990) 169 CLR 271 referred to Select Personnel Pty Ltd v Morgan & Banks Pty Ltd (1988) 12 IPR 167 referred to Commodity Ocean Transport Corporation v Basford Unicorn Industries Ltd ("The Mito") [1987] 2 Lloyds Rep 197 considered Tucker v New Brunswick Trading Company of London [1880] 44 Ch D 249 considered F-Hoffman-La Roche & Co AG v Secretary of State for Trade and Industry (1975) AC 295 referred to Cardile v LED Builders Pty Ltd (1999) 198 CLR 380 cited Jackson v Sterling Industries Ltd (1986) 162 CLR 612 considered FIRST NETCOM PTY LIMITED v TELSTRA CORPORATION LIMITED N 543 OF 2000 BEAUMONT, BURCHETT & EMMETT JJ 8 SEPTEMBER 2000 SYDNEY

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY N 543 OF 2000

ON APPEAL FROM A SINGLE JUDGE OF THE FEDERAL COURT OF AUSTRALIA

BETWEEN: FIRST NETCOM PTY LIMITED

APPELLANT

AND: TELSTRA CORPORATION LIMITED

RESPONDENT JUDGE: BEAUMONT, BURCHETT & EMMETT JJ