Kure v He [2022] NSWSC 1240

Supreme Court New South Wales

Medium Neutral Citation: Kure v He [2022] NSWSC 1240 Hearing dates: 29-31 March; 1 April and 11 June 2021; written submissions; and 26 July 2022; written submissions Decision date: 15 September 2022 Jurisdiction: Equity Before: Lindsay J Decision: Subject to allowing the parties an opportunity to be heard as to an award of prejudgment interest and costs, judgment is to be entered for the plaintiff in the sum of $1,105,513.04, with his statement of claim otherwise dismissed. Catchwords: EVIDENCE – Onus of proof – Claims for recovery of debt and equitable compensation for misappropriation EQUITY – Equitable remedies – Equitable compensation – Misappropriation by fiduciary LIMITATION OF ACTIONS – Debt – Payable otherwise than on demand LIMITATION OF ACTIONS – Equity – Application of limitation periods by analogy – Fraudulent concealment – Discovery with reasonable diligence Legislation Cited: Civil Procedure Act 2005 NSW Evidence Act 1995 NSW Limitation Act 1969 NSW Cases Cited: Applegate v Moss [1971] 1 QB 406 Atanaskovic v Birketu Pty Ltd [2019] NSWSC 1006 Bartlett v Barclays Bank Trust Co Limited (No 1) [1980] Ch 515 Black v S Freedman and Company (1910) 12 CLR 105 Briginshaw v Briginshaw (1938) 60 CLR 336 Brown v NSW Trustee and Guardian [2012] NSWCA 431 Coshott v Sakic (1998) 44 NSWLR 667 Edmunds v Edmunds [1935] VLR 177 Fox v Percy (2003) 214 CLR 118 Gerace v Auzhair Supplies Pty Ltd [2014] NSWCA 181 Heperu Pty Ltd v Bell Pty (2009) 76 NSWLR 230 Hospital Products Ltd v United States Surgical Corporation (1984) 156 CLR 41 In the matter of Italasia Pty Ltd [2017] NSWSC 811 Jack v Smail (1905) 2 CLR 684 Jones v Dunkel (1959) 101 CLR 298 King v Victor Parsons & Co [1973] 1 WLR 29 Maguire v Makaronis (1997w 188 CLR 449 Ogilvie v Adams [1981] VR 1041 Scott Fell v Boyd (1911) 13 CLR 230 Steinberg v Federal Commissioner of Taxation (1975) 134 CLR 640 Sze Tu v Lowe (2014) 89 NSWLR 317 Volonakis v Erceg [2019] NSWSC 1875 Watson v Foxman (1995) 49 NSWLR 315 Young v Queensland Trustees Ltd (1956) 99 CLR 560 Texts Cited: P. Handford, Limitation of Actions Thomson Reuters, 4th ed, 2017; Laws of Australia Meagher, Gummow and Lehane's Equity: Doctrines and Remedies (LexisNexis, Butterworths, Australia, 5th edition, 2015) P.W. Young, C. Croft and M.L. Smith, On Equity (Lawbook Co, Sydney, 2009] Category: Principal judgment Parties: Plaintiff: Hiromichi Kure (also known as Kuandao Wu) Defendant: Xin Mei He Representation: Counsel: Plaintiff: M Young SC Defendant: NJ Kidd SC