John Caines Management Pty Ltd v Adrenalin International Powersports Pty Ltd [2004] FCA 747

FEDERAL COURT OF AUSTRALIA

John Caines Management Pty Ltd v Adrenalin International Powersports Pty Ltd [2004] FCA 747 COSTS – security for costs – appeal – failure to establish impecuniosity of appellants – whether appeal lacks prospect of success – whether relevant that appellants parties who were sued at first instance and who are compelled to appeal to protect their position – whether application for security for costs a tactical manoeuvre by respondents to retain a favourable judgment. Federal Court of Australia Act 1976 (Cth) s 56(1) Federal Court Rules O 52 r 20 Adrenaline International Powersports Pty Ltd v John Caines Management Pty Ltd [2004] FCA 206 discussed Equity Access Ltd v Westpac Banking Corporation (1989) ATPR 40-972 applied Re Riv-Oland Marble Co (Vic) Pty Ltd v Settef SPA (unreported, Federal Court of Australia, Jenkinson J, 2 May 1988) referred to Willey v Synan (1935) 54 CLR 175 referred to Dence v Mason (1879) WN 31 referred to Dence v Mason (1879) 41 LT 573 referred to Morlea Professional Services Pty Ltd v Richard Walter Pty Ltd [1999] FCA 764 referred to Monte v Gianni Versace SpA [2003] FCA 956 referred to JOHN CAINES MANAGEMENT PTY LTD (ACN 006 050 666), PENELOPE ROSEWARNE, LIAM ROSSNEY, PETER BENSON, JIM KNIGHT AND ADRENALIN INTERNATIONAL POWERSPORTS CENTRE PTY LTD (ACN 082 436 137) v ADRENALIN INTERNATIONAL POWERSPORTS PTY LTD (ACN 089 178 594), DAVID ANTHONY ARNOLD, RAYMOND JOHN SOLOMON AND BRUCE VIVIAN THOMAS V 391 of 2004 GRAY J 17 MAY 2004 MELBOURNE

IN THE FEDERAL COURT OF AUSTRALIA

VICTORIA DISTRICT REGISTRY V 391 of 2004

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

BETWEEN: JOHN CAINES MANAGEMENT PTY LTD (ACN 006 050 666)

FIRST APPELLANT

PENELOPE ROSEWARNE

SECOND APPELLANT