In the matter of Australian International Yacht Club Pty Limited [2021] NSWSC 636

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Australian International Yacht Club Pty Limited [2021] NSWSC 636 Hearing dates: 20 – 23 April 2021 (last submissions 21 May 2021) Decision date: 04 June 2021 Jurisdiction: Equity - Corporations List Before: Black J Decision: Judgment for the Fourth Defendant against First, Second and Third Defendants. First Defendant removed as director of Fourth Defendant. First Defendant to transfer shares in Fourth Defendant to First Plaintiff. First, Second and Third Defendants to pay 50% of the Plaintiffs' costs. Catchwords: CIVIL PROCEDURE — Stay of proceedings — Pending appeal — Whether reasons to grant stay of proceedings. COSTS — Party/Party — Exceptions to general rule that costs follow the event — Offers of compromise. COSTS — Party/Party — Exceptions to general rule that costs follow the event —Calderbank offers — Whether unreasonable not to have accepted Calderbank offer. Cases Cited: - Alexander v Cambridge Credit Corp Ltd (1985) 2 NSWLR 685 - Aquaqueen International Pty Ltd v Titan National Pty Ltd [2015] NSWCA 9 - Calderbank v Calderbank [1975] 3 All ER 333 - Jojeni Investments Pty Ltd v Mosman Municipal Council (No 2) [2015] NSWCA 208 - Kalifair Pty Ltd v Digi-Tech (Australia) Ltd (2002) 55 NSWLR 737; [2002] NSWCA 383 - Maitland Hospital v Fisher (No 2) (1992) 27 NSWLR 721 - Miwa Pty Ltd v Siantan Properties Pte Ltd (No 2) [2011] NSWCA 344 - NSW Bar Association v Stevens [2003] NSWCA 95 - Nu Line Construction Group Pty Ltd v Fowler (aka Grippaudo) [2012] NSWSC 816 - Re Alsafe Security Products Pty Ltd atf Alsafe Trust (in liq) [2016] NSWSC 575 - United Muslims New South Wales Inc v Australian Federation of Islamic Councils [2021] NSWSC 421 Category: Costs Parties: Hui Lin and Xiaonan Su (Plaintiffs) Jason Zong (First Defendant) Zhenhua Tang (Second Defendant) J & G Holding Group Pty Ltd (Third Defendant) Australian International Yacht Club Pty Ltd (Fourth Defendant) Representation: Counsel: Mr G Campbell (Plaintiffs) Mr M W Young SC (First Defendant) Mr D Ratnam (Second Defendants)