Jemmark Pty Ltd v 10 Egan Street Pty Ltd [2022] NSWSC 865

Supreme Court New South Wales

Medium Neutral Citation: Jemmark Pty Ltd v 10 Egan Street Pty Ltd [2022] NSWSC 865 Hearing dates: 31 March; 1 April 2022 Date of orders: 30 June 2022 Decision date: 30 June 2022 Jurisdiction: Equity Before: Parker J Decision: See [81]-[82] Catchwords: EQUITY – resulting and constructive trusts – defendant incorporated as special purpose vehicle to purchase property for development – purchase completed with external finance and overdraft – plaintiff's money from another development applied to reduction of overdraft shortly after completion – Bloch v Bloch (1981) 180 CLR 390 – no resulting trust – no common intention constructive trust – plaintiff entitled to equitable proprietary interest by way of failed joint endeavour constructive trust Legislation Cited: Statute of Frauds 1677, 29 Car 2, c 3 Cases Cited: Amit Laundry Pty Ltd v Jain [2017] NSWSC 1495 Baumgartner v Baumgartner (1987) 164 CLR 137 Bijkerk Investments Pty Ltd v Bikic [2020] NSWSC 1336 Bloch v Bloch (1981) 180 CLR 390 Calverley v Green (1984) 155 CLR 242 Muschinski v Dodds (1985) 160 CLR 583 Shepherd v Doolan [2005] NSWSC 42 Woods v McKinlay (No 2) [2021] NSWSC 1510 Zhang v Metcalf [2020] NSWCA 228 Texts Cited: Campbell, J C, 'The consequences of rebutting a presumption of advancement' (2018) 46(3) Australian Bar Review 229 Heydon, J D, Leeming, M J, Turner, P G, Meagher, Gummow & Lehane's Equity: Doctrines & Remedies (LexisNexis Butterworths, 5th ed, 2015) Category: Principal judgment Parties: Jemmark Pty Limited (Plaintiff) 10 Egan Street Pty Limited (Defendant) Representation: Counsel: DA Priestley SC (Plaintiff) ARR Vincent (Defendant)