In the matter of BCK Holdings Group Pty Ltd [2021] NSWSC 1400

Supreme Court New South Wales

Medium Neutral Citation: In the matter of BCK Holdings Group Pty Ltd [2021] NSWSC 1400 Hearing dates: 20 September 2021 Date of orders: 20 September 2021 Decision date: 20 September 2021 Jurisdiction: Equity - Corporations List Before: Rees J Decision: Refuse leave to bring derivative suit. Catchwords: CORPORATIONS – directors in dispute on matters unrelated to company – plaintiff makes threats to harm the company's project – no indemnity offered – not satisfied as to good faith – plaintiff's claims may largely be brought in oppression suit on foot – not satisfied derivative suit in company's best interests –leave refused. Legislation Cited: Corporations Act 2001 (Cth), s 237 Cases Cited: Blakeney v Blakeney [2016] WASCA 76; (2016) 113 ACSR 398 Chahwan v Euphoric Pty Ltd [2008] NSWCA 52; (2008) 65 ACSR 661 ES Gordon Pty Ltd v Idameneo (No 123) Pty Ltd (1994) 15 ACSR 536 In the matter of Boutique Ettalong Beach Pty Ltd [2020] NSWSC 244 In the matter of Gladstone Pacific Nickel Ltd [2011] NSWSC 1235; (2011) 86 ACSR 432 Mount Gilead Pty Ltd & Hobhouse v L Macarthur-Onslow [2021] NSWSC 948 Oates v Consolidated Capital Services Ltd (2009) 76 NSWLR 69; [2009] NSWCA 183 O'Sullivan v Management Agency and Music Ltd [1985] QB 428 Power v Ekstein [2010] NSWSC 137; (2010) 77 ACSR 302 Scottish Co-operative Wholesale Society Ltd v Meyer [1959] AC 324 South Johnstone Mill Ltd v Dennis (2007) 163 FCR 343; [2007] FCA 1448 Swansson v R A Pratt Properties Pty Ltd [2002] NSWSC 583; (2002) 42 ACSR 313 Taxa Australia Pty Ltd v Wang [2016] NSWSC 1913 True Value Solar Holdings Pty Ltd v Fernandez [2013] VSCA 27 Category: Procedural rulings Parties: Kurt Briggs (Plaintiff) Ben Nicholas (First Defendant) Clint Briggs (Second Defendant) CBBN Investments Pty Ltd (Third Defendant) Representation: Counsel: Mr P Lonergan (Plaintiff) Mr B DeBuse (Defendants)