B J McAdam Pty Limited ACN 000 288 639 v Jax Tyres Pty Limited ACN 000 955 840 [2012] FCA 600

FEDERAL COURT OF AUSTRALIA

B J McAdam Pty Limited ACN 000 288 639 v Jax Tyres Pty Limited ACN 000 955 840 [2012] FCA 600 Citation: B J McAdam Pty Limited ACN 000 288 639 v Jax Tyres Pty Limited ACN 000 955 840 [2012] FCA 600

Parties: B J MCADAM PTY LIMITED ACN 000 288 639, BRUCE JAMES MCADAM, MERIM HOLDINGS PTY LTD ACN 112 224 807 and SHIRLEY MARLENE MCADAM v JAX TYRES PTY LIMITED ACN 000 955 840, JAX FRANCHISING SYSTEMS PTY LIMITED ACN 060 109 891, JAX TYRES INVESTMENTS PTY LIMITED ACN 112 266 832, IAN FREDERICK HURRELL, VAKOFA PTY LIMITED ACN 003 318 625, COLNAGOW INVESTMENTS PTY LTD ACN 128 667 532, QUICKFIT TYRE SERVICE PTY LTD ACN 071 116 615, JAX QUIKFIT FRANCHISING SYSTEMS PTY LIMITED ACN 112 050 058, CHYLOS PTY LIMITED ACN 001 402 562, VALNOCK PTY LIMITED ACN 010 596 077, JAX TYRES FINANCE PTY LIMITED ACN 112 213 895 and JEFFERY DAVID BOARD

File number: NSD 402 of 2010

Judge: PERRAM J

Date of judgment: 6 June 2012

Catchwords: PRACTICE AND PROCEDURE – Interlocutory injunction – interlocutory application to restrain declaration of dividend by first defendant – application listed for hearing – meeting of board of first defendant scheduled prior to hearing of application – board intending to declare dividend – further interlocutory application made on urgent basis to restrain declaration of dividend until listed hearing – whether injunction would preserve status quo – whether damages an adequate remedy – assessment of balance of convenience

Date of hearing: 6 June 2012

Place: Sydney

Division: GENERAL DIVISION

Category: Catchwords