Peter Holmes Investments Pty Ltd v S&C Nicola Pty Ltd [2021] NSWSC 1174

Supreme Court New South Wales

Medium Neutral Citation: Peter Holmes Investments Pty Ltd v S&C Nicola Pty Ltd [2021] NSWSC 1174 Hearing dates: 6, 7 & 8 September 2021

Submissions of the plaintiff on the construction issue dated 9 & 13 September 2021 Submission of the defendant on the construction issue dated 9 September 2021 Date of orders: 15 September 2021 Decision date: 15 September 2021 Jurisdiction: Equity - Expedition List Before: Sackar J Decision: See paras [34] and [38] Catchwords: CONTRACTS — Construction — Interpretation — Use of recital in construction of partnership agreement where instrument contains inconsistencies — Determination of timing and method of payment of the parties to the agreement Cases Cited: Australian Guarantee Corp Ltd v Balding (1930) 43 CLR 140; [1930] HCA 10 de L'Isle v Knight [2021] NSWSC 809 Ex parte Dawes; In re Moon (1886) 17 QBD 275 Forbes v Git [1922] 1 AC 256 Re Media Entertainment & Arts Alliance; Ex parte Hoyts Corp Pty Ltd (No 1) (1993) 178 CLR 379; [1993] HCA 40 Taylor v Dexta Corp Ltd (2006) 14 ANZ Insurance Cases 61-712; [2006] NSWCA 310 Texts Cited: J D Heydon, Heydon on Contract (Thomson Reuters, 2019) P Herzfeld and T Prince, Interpretation (2nd ed, Thomson Reuters, 2020) Category: Principal judgment Parties: Peter Holmes Investments Pty Ltd (plaintiff/cross-defendant) S&C Nicola Pty Ltd (defendant/cross-claimant) Representation: Counsel: M Sneddon (plaintiff/cross-defendant) S Golledge SC (defendant/cross-claimant) C G Carroll (defendant/cross-claimant)