Capitalink Pty Ltd v Whitnall [2022] NSWDC 396

District Court New South Wales

Medium Neutral Citation: Capitalink Pty Ltd v Whitnall [2022] NSWDC 396 Hearing dates: 31 August 2022 Date of orders: 5 September 2022 Decision date: 05 September 2022 Jurisdiction: Civil Before: Abadee DCJ Decision: See paragraph 87 Catchwords: CIVIL PROCEDURE – costs - security for costs – plaintiff as trustee company – suit against guarantor arising from the principal builder's alleged failure to complete construction works - plaintiff's reliance upon right of indemnity and proposed arrangements to secure right of indemnity through proposed charge and deed of priority – whether security adequate as alternative to 'cash' security ordered by the Court – consideration of quantum Legislation Cited: Civil Procedure Act 2005 (NSW) s 60 Corporations Act 2001 (NSW) s 1335 Land Title Act 1994 (Qld) s 126 Uniform Civil Procedure Rules 2005 (NSW) r 42.41 Cases Cited: Allstate Life Insurance Co v ANZ Banking Group (1995) 134 ALR 187 April Fine Paper Macao Commercial Offshore Ltd v Moore Business Systems Australia Ltd (2009) 75 NSWLR 619 Blue Oil Energy Pty Ltd v Tan [2014] NSWCA 81 Chief Disruption Officer Pty Ltd atf the McDonald Family Trust v Michel, in the matter of Laava ID Pty Ltd [2022] FCA 148 Cornelius v Global Medical Solutions Australia Pty Ltd (2014) 98 ACSR 301 Emanuel Management Pty Ltd (in liq) v Foster's Brewing Group Ltd & Ors [2003] QCA 552 Les & Zelda Investments Pty Ltd v Whitehaven Coal Ltd [2020] NSWSC 1091 Pioneer Park Pty Ltd (in liq) v ANZ Banking Group (2007) 65 ACSR 383 REAC Ltd v HIH Casualty and General Insurance Ltd (in liq) [2003] FCA 803 Rosengrens Ltd v Safe Deposit Centres Ltd [1984] 3 All ER 198 Street v Luna Park Sydney Pty Ltd [2006] NSWSC 1317 Texts Cited: G.E. Dal Pont, Law of Costs (4th ed, electronic version, LexisNexis Butterworths) Category: Costs Parties: M D Whitnall (applicant) Capitalink Pty Ltd (respondent) Representation: Counsel: Ms E Keynes for the applicant (defendant) Mr M Fernandes for the respondent (plaintiff)