Crystal Auburn Pty Ltd v I L Wollermann Pty Ltd [2004] FCA 821

FEDERAL COURT OF AUSTRALIA

Crystal Auburn Pty Ltd v I L Wöllermann Pty Ltd[2004] FCA 821 DAMAGES – misleading and deceptive conduct -entitlement todamages under the Trade Practices Act 1974 (Cth) - purchase of business - entry into lease - entry into hire purchase agreement - quantification of damages by measuring difference between the price paid for the business and its true value - expert valuations provided - effect of affirmation on entitlement to damages - subsequent conduct of plaintiffs - whether issue estoppel applies to the assessment - capital contributions - rental payments - whether plaintiff entitled to indemnity on cross‑claim for unpaid rental - unrewarded labour - relocation costs - compensation for anxiety stress and upset - opportunity cost of capital - valuation fee, conveyancing costs, lease preparation and stamp duty - interest on financing. Trade Practices Act 1974 (Cth): ss 52, 75B, 87(2)(a) Crystal Auburn Pty Ltd v IL Wöllerman Pty Ltd [2000] FCA 913 Crystal Auburn Pty Ltd v IL Wöllerman Pty Ltd [2001] FCA 735 Marks v GIO Australia Holdings Ltd (1998) 196 CLR 494 discussed Henville v Walker (2001) 206 CLR 459 referred to I & L Securities Pty Ltd v HTW Valuers (Brisbane) Pty Ltd (2002) 210 CLR 109 referred to Netaf Pty Ltd v Bikane Pty Ltd (1990) 26 FCR 305 considered Argy v Blunts & Lane Cove Real Estate Pty Ltd (1990) 26 FCR 112 cited Gould v Vaggelas (1985) 157 CLR 215 discussed Potts v Miller (1940) 64 CLR 282 referred to Jaldiver Pty Ltd v Nelumbo Pty Ltd [1992] FCA 906 cited Henjo Investments Pty Ltd v Collins Marrickville Pty Ltd (No 2) (1989) 40 FCR 76 referredto McAllister v Richmond Brewing Co (NSW) Pty Ltd (1942) 42 SR (NSW) 187 considered Alati v Kruger (1955) 94 CLR 216 followed Thayananthan v Minister for Immigration and Multicultural and Indigenous Affairs [2003] FCA 1054 referred to Blair v Curran (1939) 62 CLR 464 discussed O'Neill v Medical Benefits Fund of Australia (2002) 122 FCR 455 cited JLW (Vic) Pty Ltd v Tsiloglou [1994] 1 VR 237 cited Radferry Pty Ltd v Starborne Holdings Pty Ltd [1998] FCA 1689 cited Australian Competition and Consumer Commission v Top Snack Foods Pty Ltd (1999) 21 ATPR ¶41‑708 cited Maridakis v Kouvaris (1975) 5 ALR 197 at 199 referred to Karacominakis v Big Country Developments Pty Ltd [2001] ANZ Conv R 577; [2000] NSWCA 313 referred to Karedis Enterprises Ltd & Greenfriars Pty Ltd v Rita Antonious and Michael Antonious (1995) 17 ATPR ¶41‑427 applied Jacara Pty Ltd v Perpetual Trustees WA Ltd (2000) 185 ALR 463 cited Pine River Pty Ltd v Scorda [2001] WASC 105 considered AV & MS Adamson, Valuation of Company Shares and Businesses (7th edn), LBC, Sydney, 1986 Australian Property Institute, Professional Practice 2002, API, Canberra, 2001 W Lonergan, The Valuation of Businesses, Shares and Other Equity, Longman Professional, Melbourne, 1992