Snell v Glatis (No 2) [2020] NSWCA 166

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Snell v Glatis (No 2) [2020] NSWCA 166 Hearing dates: 25 June 2020; 15 July 2020 Decision date: 06 August 2020 Before: Bell P at [1]; Meagher JA at [8]; Leeming JA at [9]. Decision: 1. Grant leave to the appellant to rely on the further amended notice of appeal filed 26 June 2020. 2. Appeal allowed in part. 3. Set aside orders 7-14 made on 27 November 2019. 4. Direct the parties to supply agreed short minutes of order, or, in default of agreement, minutes of the orders each seeks and submissions not exceeding 5 pages in support, within 28 days of today, with submissions in response within 14 days thereafter, with a view to the remaining issues to be determined on the papers including the costs of the appeal (unless otherwise agreed). Catchwords: CORPORATIONS – oppression – remedies – compulsory buy-out or winding up – many instances of oppressive conduct over many years – companies not actively trading – principal assets real estate and loans – primary judge ordered compulsory buy-out – appellant required to pay $66 million within 30 days – appellant elderly and unwell – relevance of inability to pay – forensic decision not to adduce evidence of financial circumstances – subject to pecuniary orders remedying particular items of oppression, winding up ordered Legislation Cited: Corporations Act 2001 (Cth), ss 232, 233 Uniform Civil Procedure Rules 2005 (NSW), r 36.16 Cases Cited: Allways Resources Holdings Pty Ltd v Samgris Resources Pty Ltd [2017] QSC 74; 121 ACSR 1 Asia Pacific Joint Mining Pty Ltd v Allways Resources Holdings Pty Ltd [2018] 3 Qd R 520; [2018] QCA 48 Australian Hardboards Ltd v Hudson Investment Group Ltd (2007) 70 NSWLR 201; [2007] NSWCA 104 Boateng v Dharamdas [2019] NSWCA 233 Clark Equipment Credit of Australia Ltd v Como Factors Pty Ltd (1988) 14 NSWLR 552 Crawley v Short [2009] NSWCA 410; 76 ACSR 286 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd [1998] NSWSC 413; 28 ACSR 688 Haviland v McLeary (1894) 15 NSW Eq 22 House v The King (1936) 55 CLR 419; [1936] HCA 40 In the matter of OTS (Australia) Pty Ltd [2017] NSWSC 175 Munstermann v Rayward; Rayward v Munstermann [2017] NSWSC 133 Re a Company (1986) 2 BCC 99,453 Re Hollen Australia Pty Ltd [2009] VSC 95; 27 ACLC 199 Ross v Lane Cove Council (2014) 86 NSWLR 34; [2014] NSWCA 50 Short v Crawley (No 30) [2007] NSWSC 1322 Short v Crawley (No 38) [2008] NSWSC 917; 67 ACSR 627 Snell v Glatis [2020] NSWCA 78 Tomanovic v Argyle HQ Pty Ltd [2010] NSWSC 152 Texts Cited: E Daniell, The Practice of the High Court of Chancery (5th ed 1871), Vol 1 W Parker, The Practice in Equity (The Law Book Co of Australasia Ltd, 1930) Category: Principal judgment Parties: Keith Eddy Snell (Appellant) Christopher Glatis (First Respondent) Glatis Family Limited Partnership (Second Respondent) Owen Francis Culley (Third Respondent) Scientific Management Associates Pty Ltd (Fourth Respondent) Scientific Management Associates (Australia) Pty Ltd (Fifth Respondent) Scientific Management Associates (Victoria) Pty Ltd (Sixth Respondent) Scientific Management Associates (Operations) Pty Ltd (Seventh Respondent) Representation: Counsel: D L Cook SC, A Fernon (Appellant) N J Kidd SC, J Foley (First and Second Respondents)