Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Petersen Superannuation Fund Pty Ltd v Bank of Queensland Limited [2017] FCA 699 File number: NSD 362 of 2016
Judge: YATES J
Date of judgment: 21 June 2017
Catchwords: COSTS – security for costs – third party litigation funder – whether ATE insurance policy sufficient form of security – consideration of amount of security to be provided
Legislation: Corporations Act 2001 (Cth) s 1335 Federal Court of Australia Act 1976 (Cth) ss 37N, 56, Pt IVA Federal Court Rules 2011 (Cth) r 19.01, Sch 3 Civil Liability (Third Party Claims Against Insurers) Act 2017 (NSW) ss 4, 5, 6, 7, 12 Law Reform (Miscellaneous Provisions) Act 1946 (NSW) s 6, Pt 4 Uniform Civil Procedure Rules 2005 (NSW) r 42.21 Securities Exchange Act of 1934 (US)
Cases cited: Barclays Bank Limited v Quistclose Investments Limited [1970] AC 567 Blue Oil Energy Pty Limited v Tan [2014] NSWCA 81 DIF III Global Co-Investment Fund, L.P. & Anor v BBLP LLC & Ors [2016] VSC 401 Geophysical Services Centre Co v Dowell Schlumberger (ME) Inc [2013] EWHC 147 (TCC) GSM Export (UK) Ltd (In Administration) v Revenue and Customs Commissioners [2014] UKUT 457 (TCC) Health Information Pharmacy Franchising Pty Ltd v Khoo [2010] FCA 438 In the matter of Pioneer Energy Holdings [2013] NSWSC 1366 Jazabas Pty Ltd v Haddad (2007) 65 ACSR 276; [2007] NSWCA 291 Mahlo v Westpac Banking Corporation Ltd [1999] NSWCA 358 Medway Oil and Storage Co Ltd v Continental Contractors Ltd [1929] AC 88 Michael Phillips Architects v Ricklin & Anor [2010] BLR 569 Nasser v United Bank of Kuwait [2001] EWCA 556 NGM Sustainable Developments Limited v Wallis [2015] EWHC 461 (Ch) Oswald v Bailey (1987) 11 NSWLR 715 Premier Motorauctions Ltd v Pricewaterhousecoopers plc [2016] WLR (D) 547; [2016] EWHC 2610 (Ch) Rosengrens Limited v Safe Deposit Centres Limited [1984] 3 All ER 198 Tzaidas v Child (2014) 61 NSWLR 18; [2004] NSWCA 252
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