In the matter of Synergy Medical Imaging Pty Ltd [2021] NSWSC 579

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Synergy Medical Imaging Pty Ltd [2021] NSWSC 579 Hearing dates: 17 & 19 May 2021 Date of orders: 21 May 2021 Decision date: 21 May 2021 Jurisdiction: Equity - Corporations List Before: Williams J Decision: See orders at [94]. Catchwords: CONTRACTS – declaration as to effect of terms of settlement pursuant to Civil Procedure Act 2005 (NSW), s 73 - implied terms – implied obligation of good faith – implied obligation to do all things necessary to enable each party to have the benefit of the contract – whether Court's power under Civil Procedure Act 2005 (NSW), s 73 extends to ordering one party to indemnify another party where contract did not include any indemnity Legislation Cited: Civil Procedure Act 2005 (NSW) ss 29, 73 Supreme Court Act 1970 (NSW) s 66 Cases Cited: BP Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266 Central Exchange Ltd v Anaconda Nickel Ltd [2002] WASCA 94 Cordon Investments Pty Ltd v Lesdor Properties Pty Ltd [2012] NSWCA 184 Gorczynski v Bendigo and Adelaide Bank Ltd [2016] NSWCA 170 Hung v Warner; Re Bellpac Pty Ltd (recs and mgrs. apptd) (in liq) [2013] FCAFC 48 Katter v Melhem (2015) 90 NSWLR 164; [2015] NSWCA 213 Lawrence v Ciantar [2020] NSWCA 89 Secured Income Real Estate (Aust) Ltd v St Martins Investments Pty Ltd (1979) 144 CLR 596 Category: Principal judgment Parties: VC Investments Pty Ltd (ACN 161 700 974) (First Plaintiff) Virgil Chan (Second Plaintiff) Tomjo Nominees Pty Ltd (ACN 161 754 196) (Sixth Defendant) Thomas MacDougall (Seventh Defendant) Devpri Pty Ltd (ACN 161 772 710) (Eight Defendant) Ajay Thakorlal (Ninth Defendant) Gularbre Pty Ltd (ACN 161 983 035) (Tenth Defendant) Shane Gavin Fernando (Eleventh Defendant) L Gibbs Enterprises Pty Ltd (ACN 600 426 248) (Twelfth Defendant) Leesa Gibbs (Thirteenth Defendant) Representation: Counsel: Mr M Karam with Mr Q Noakhtar (Plaintiffs) Mr T Hollo (6th to 9th Defendants) Mr A J Bulley (17 May 2021) and Mr P Kaluski (19 May 2021, solicitor) (10th to 11th Defendants) Mr A Gallimore (12th to 13th Defendants) Solicitors: Sparke Helmore (Plaintiffs) Baker Love Lawyers (6th to 9th Defendants) Moray & Agnew Lawyers (10th to 11th Defendants) Butlers Business Lawyers Pty Ltd (12th to 13th Defendants) File Number(s): 2020/195497 Publication restriction: N/A