ACN 117 641 004 Pty Ltd (in liq) v S&P Global, Inc (No 3) [2024] FCA 1238

Federal Court of Australia ACN 117 641 004 Pty Ltd (in liq) v S&P Global, Inc (No 3) [2024] FCA 1238 File numbers: NSD 881 of 2020 NSD 73 of 2021

Judgment of: SHARIFF J

Date of judgment: 25 October 2024

Catchwords: PRACTICE AND PROCEDURE – application for further security for costs – where further security sought for past and future costs on basis of substantial amendments to pleadings – where application resisted on bases of delay and non-entitlement to additional costs claimed – "Rolls-Royce defence" in context of "Rolls-Royce litigation" – application of "broad brush approach" – adjustments made to amounts sought to account for delay and recoverability – further security ordered

Legislation: Federal Court of Australia Act 1976 (Cth) s 56(3) Federal Court Rules 2011 (Cth) r 40.30)

Aqua Blue (Noosa) Pty Ltd v Soil Surveys Engineering Pty Ltd [2010] QSC 176 Brecher v Barrack Investments Pty Ltd [2018] FCA 472 Bryan E Fencott & Assocs Pty Ltd v Eretta Pty Ltd [1987] FCA 102; (1987) 16 FCR 497 Christou v Stanton Partners Australasia Pty Ltd [2011] WASCA 176 Federal Treasury Enterprise (FKP) Sojuzplodoimport v Spirits International B.V. (No 2) [2012] FCA 23 Karl Suleman Enterprises Pty Ltd (in liq) v Pham [2010] NSWSC 886 Les & Zelda Investments Pty Ltd v Whitehaven Coal Ltd [2020] NSWSC 1091 Mathew (SA) Nominees Pty Ltd v Belconnen Automotive Pty Ltd [2019] SASC 39; 133 SASR 408 Misthold Pty Ltd v NSW Historic Sites and Railway Heritage Company Pty Ltd [2022] NSWSC 42 Norcast S.ár.L v Bradken Limited [2012] FCA 765 Cases cited: Olson v Keefe (No 5) [2023] FCA 127 Oswal v Australia and New Zealand Banking Group Ltd [2016] VSC 52 Pathway Investments Pty Ltd v National Australia Bank Ltd [2012] VSC 97 PPK Willoughby Pty Ltd v Baird [2019] NSWCA 48 Re Colorado Products Pty Ltd [2013] NSWSC 611 Robertson v Knott Investments Pty Ltd (No 2) [2010] FCA 796 Sandl Trading Pty Ltd v North American Oil Company & Robert Hicks Pty Ltd [1998] VSC 8 Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2009] NSWSC 563 Truth About Motorways Pty Ltd v Macquarie Infrastructure Investment Management Ltd [2001] FCA 1603 Tucker v McKee [2022] FCA 315 United Commercial Projects Pty Ltd v PHHH Investments No 2 Pty Ltd [2019] VSCA 192 Voxson Pty Ltd v Telstra Corporation Ltd (No 8) [2017] FCA 1427