Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Gandel Metals Pty Ltd, in the matter of Centennial Mining Limited (Subject to Deed of Company Arrangement) v Centennial Mining Limited (No 2) [2020] FCA 633 File number: VID 688 of 2019
Judge: MIDDLETON J
Date of judgment: 15 May 2020
Catchwords: CORPORATIONS – equity – general principles – subrogation – payment of mortgage by third party – presumption of intention by third party to keep mortgage alive – whether displacement of presumption – relevant factors – whether equity of subrogation through payment of mortgage – relevant circumstances – equitable doctrine of subrogation – relevant principles – whether subrogation available into a proportion of the security that represents the third party's payment of the mortgage
Legislation: Mineral Resources (Sustainable Development) Act 1990 (Vic)
Cases cited: Aged Care Services v Macedonian Aged Care and Accommodation Ltd [2012] NSWSC 531 Aged Care Services Pty Ltd v Kanning Services Pty Ltd (2013) 86 NSWLR 174 Austin v Royal (1999) 47 NSWLR 27 Banque Financière de la Cite v Parc (Battersea) Ltd [1998] 1 All ER 737 Bofinger v Kingsway Group Ltd (2009) 239 CLR 269 Boscawen v Bajwa; Abbey National plc v Boscawen [1995] 4 All ER 768 Burston Finance Limited v Speirway Limited [1974] 1 WLR 1648 Challenger Managed Investments Ltd v Direct Money Corporation Pty Ltd [2003] NSWSC 1072 Cheltenham & Gloucester plc v Appleyard [2004] All ER (D) 280 (Mar) Cochrane v Cochrane (1985) 3 NSWLR 403 Equity Trustees Executors and Agency Co Ltd v New Zealand Loan & Mercantile Agency Co Ltd [1940] VLR 201 Ghana Commercial Bank v Chandiram [1960] 2 All ER 865 Highland v Exception Holdings Pty Ltd (In Liq) (2006) 60 ACSR 223 Huizhong Investment Group Pty Ltd v Westpac Banking Corporation Ltd and Ors [2019] NSWSC 524 IIB Global NV & Anor v Scott Darren Pascoe & Ors [2011] NSWSC 1136 In the matter of Harmon International Holdings Pty Ltd [2019] NSWSC 413 Re Wrexham Mold and Connah's Quay Railway Company [1899] Ch D 440 State Bank of New South Wales v Geeport Developments Pty Ltd (1991) 5 BPR 11,947
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