Harmon International Holdings Pty Ltd v Pashon Electrical Pty Ltd [2021] NSWSC 230

Supreme Court New South Wales

Medium Neutral Citation: Harmon International Holdings Pty Ltd v Pashon Electrical Pty Ltd [2021] NSWSC 230 Hearing dates: 17 September 2020 Date of orders: 15 March 2021 Decision date: 15 March 2021 Jurisdiction: Equity - Commercial List Before: Henry J Decision: Manifest error found. Parties to bring in short minutes of order reflecting these reasons. Catchwords: CONTRACT - construction - expert valuation - where contract provided that expert determination of current day market value is final and binding save for manifest error - whether errors in valuation principle, application of valuation approaches and factual matters amount to manifest error – manifest error found Legislation Cited: Conveyancing Act 1919 (NSW), s 66G Uniform Civil Procedure Rules 2005 (NSW), r 42.1 Cases Cited: Barkat v Roads and Maritime Services [2019] NSWCA 240 Boland v Yates Property Corporation Pty Ltd [1999] HCA 64; 167 ALR 575 Brewarrana Pty Ltd v Commissioner of Highways (No 2) (1973) 6 SASR 541; 32 LGRA 170 Electric Generation Corporation v Woodside Energy Limited (2014) 251 CLR 640; [2014] HCA 7 Funtastic Ltd v Madman Film and Media Pty Ltd [2016] VSC 708 Hill v Forteng Pty Ltd [2018] FCA 1501 Illawarra Community Housing Trust Ltd v MP Park Lane Pty Ltd [2020] NSWSC 751 ISPT Pty Ltd v Melbourne City Council [2008] VSCA 180 Legal & General Life of Australia Ltd v A Hudson Pty Ltd (1985) 1 NSWLR 314 Marroun v Roads and Maritime Services [2012] NSWLEC 199 Maurici v Chief Commissioner of State Revenue (2003) 212 CLR 111; [2003] HCA 8 Minister for Immigration & Multicultural Affairs v Eshetu (1999) 197 CLR 611; [1999] HCA 21 Mount Bruce Mining Pty Ltd v Wright Prospecting Pty Ltd (2015) 256 CLR 104; [2015] HCA 37 Roads and Traffic Authority of New South Wales v Mosca [2006] NSWCA 159; 146 LGERA 335 Shoalhaven City Council v Firedam Civil Engineering Pty Ltd (2011) 244 CLR 305; [2011] HCA 38 Spencer v Commonwealth (1907) 5 CLR 418; [1907] HCA 82 Sydney Water Corporation v Marrickville Council [2014] NSWCA 438 TX Australia Pty Ltd v Broadcast Australia Pty Ltd [2012] NSWSC 4 Veba Oil Supply and Trading GmbH v Petrotrade Inc [2002] 1 Lloyd's Rep 295 Westport Insurance Corporation v Gordian Runoff Ltd (2011) 244 CLR 239; [2011] HCA 37 Texts Cited: Alan Hyam, The Law Affecting Valuation of Land in Australia (6th ed, 2020, The Federation Press) Category: Principal judgment Parties: Harmon International Holdings Pty Ltd (First Plaintiff/First Cross-Defendant) Ali Talanehzar (Second Plaintiff/Second Cross-Defendant)