Tyche Asset Management Pty Ltd v Flyland Development Group Pty Ltd [2021] NSWSC 1283

Supreme Court New South Wales

Medium Neutral Citation: Tyche Asset Management Pty Ltd v Flyland Development Group Pty Ltd [2021] NSWSC 1283 Hearing dates: 24 September 2021 Date of orders: 24 September 2021 Decision date: 24 September 2021 Jurisdiction: Equity - Duty List Before: Henry J Decision: Freezing orders extended against the Second Defendant. See [82]. Catchwords: CIVIL PROCEDURE – Interim preservation – Freezing orders – whether material matters not disclosed at ex parte hearing – whether freezing orders should be dissolved or continued Legislation Cited: Property and Stock Agents Act 2002 (NSW), ss 3, 3A, 9 Uniform Civil Procedure Rules 2005 (NSW), rr 6.3, 25.11 Cases Cited: Aristocrat Technologies Australia Pty Ltd v Allam (2016) 327 ALR 595; [2016] HCA 3 Axis Medical & Rehabilitation Pty Ltd as trustee for Axis Trust trading as Astir Australia v Tuantab [2020] NSWSC 486 Cardile v LED Builders Pty Ltd (1999) 198 CLR 380; [1999] HCA 18 Cenric Group Pty Ltd v Bundanoon Sandstone Pty Ltd (No 2) [2018] NSWSC 1878 Gold Ribbon (Accountants) Pty Ltd (in liq) v Sheers [2003] 1 Qd R 683; [2002] QSC 400 Hayden v Teplitzky (1997) 74 FCR 7 Investmentsource Corp Pty Ltd v Knox Street Apartments Pty Ltd (2002) 56 NSWLR 27; [2002] NSWSC 710 Mineralogy Pty Ltd v Western Australia [2020] QSC 344 Nexdius Pty Ltd v Exposure Scientific LLC [2017] NSWSC 1608 Ninemia Maritime Corporation v Trave Schiffahrtsgesellschaft mbH & Co KG 'The Niedersachsen' [1983] 1 WLR 1412; [1984] 1 All ER 398 Nutek Constructions Pty Ltd v Slotwinski [2017] NSWSC 1795 Papas v Grave [2013] NSWCA 308 Patterson v BTR Engineering (Aust) Ltd (1989) 18 NSWLR 319 Pavey & Matthews Ltd v Paul (1987) 162 CLR 221; [1987] HCA 5 Principal Financial Group Pty Ltd v Vella [2011] NSWSC 327 Samimi v Seyedabadi [2013] NSWCA 279 Savcor Pty Ltd v Cathodic Protection International APS (2005) 12 VR 639; [2005] VSCA 213 Thomas A Edison v Bullock (1912) 15 CLR 679; [1912] HCA 72 Texts Cited: Nil Category: Procedural rulings Parties: Tyche Asset Management Pty Ltd (First Plaintiff) Auzenith Holdings Pty Ltd trading as PHD Realty (Second Plaintiff) Flyland Development Group Pty Ltd (First Defendant) Li Fan (Second Defendant) Ke Yang (Third Defendant) Representation: Counsel: F Maghami (Plaintiffs) D Fleming (Solicitor) (Defendants)