RNB Equities Pty Ltd v Credit Suisse Investment Services (Australia) Limited [2019] FCA 760

FEDERAL COURT OF AUSTRALIA

RNB Equities Pty Ltd v Credit Suisse Investment Services (Australia) Limited [2019] FCA 760 File number(s): VID 297 of 2019

Judge(s): ANDERSON J

Date of judgment: 28 May 2019

Catchwords: PRACTICE AND PROCEDURE – interlocutory application to set aside originating application – interlocutory application for summary judgment – alleged lack of jurisdiction HIGH COURT AND FEDERAL COURT – jurisdiction of Federal Court of Australia – where federal claim of market manipulation against second respondent – where separate claim against first respondent for breach of product disclosure statement – whether "matter" arising under Corporations legislation or under any laws made by Commonwealth Parliament – accrued jurisdiction – whether common substratum of facts with federal claim – whether separate and disparate from federal claim Held: interlocutory application dismissed – jurisdiction to hear and determine claim in accrued jurisdiction

Legislation: Australian Stock Exchange and National Guarantee Fund Act 1987 (Cth) s 36B(3) Corporations Act 2001 (Cth) Ch 7, Pts 7.2, 7.6, 7.9, ss 9, 791A, 912A, 912A(1)(a), 1022B, 1041A, 1337A(2)(b), 1337B(1) Federal Court of Australia Act 1976 (Cth) ss 19, 31A Judiciary Act 1903 (Cth) ss 39B(1A), 39B(1A)(c) Federal Court Rules 2011 (Cth) r 13.01(1).

Cases cited: Australian Competition and Consumer Commission v Olex Australia Pty Ltd [2017] FCA 222 Australian Securities and Investment Commission v Westpac Banking Corporation (ACN 007 457 141) (No 2) (2018) 357 ALR 240 Australian Securities and Investments Commission v Davidof [2017] FCA 658 Australian Securities and Investments Commission v Edensor Nominees Pty Limited (2001) 204 CLR 559 CGU Insurance Limited v Blakeley (2016) 259 CLR 339 Construction, Forestry, Mining and Energy Union v Australian Industrial Relations Commission (2007) 157 FCR 260 Director of Public Prosecutions (Cth) v JM (2013) 250 CLR 135 Felton v Mulligan (1979) 124 CLR 367 Fencott v Muller (1983) 152 CLR 570 Jackson v Sterling Industries Ltd (1987) 162 CLR 612 Johnson Tiles Pty Ltd v Esso Australia Pty Ltd (2000) 104 FCR 564 LNC Industries Limited v BMW (Australia) Limited (1983) 151 CLR 575 Obacelo Pty Ltd v Taveraft Pty Ltd (1985) 5 FCR 210 Philip Morris Inc v Adam P Brown Male Fashions Pty Ltd (1981) 148 CLR 457 R v Commonwealth Court of Conciliation and Arbitration; Ex parte Barrett (1945) 70 CLR 141 Re Judiciary and Navigation Acts (1921) 29 CLR 257 Re Wakim; Ex parte McNally (1999) 198 CLR 511 Ruhani v Director of Police (2005) 222 CLR 489 Treasury Wine Estates Vintners Limited v Pearson [2019] FCAFC 21