Lorebray Pty Ltd v Liddy [2022] NSWSC 1633

Supreme Court New South Wales

Medium Neutral Citation: Lorebray Pty Ltd v Liddy [2022] NSWSC 1633 Hearing dates: 22 July 2022 Date of orders: 29 November 2022 Decision date: 29 November 2022 Jurisdiction: Equity Before: Henry J Decision: Applicants to be joined as plaintiffs to these proceedings and granted leave to continue to prosecute these proceedings as second to fifth plaintiffs: see [70]. Catchwords: CIVIL PROCEDURE –– application by beneficiaries to be joined as plaintiffs where trustee declines to continue to prosecute proceedings against beneficiary – whether special or exceptional circumstances exist – whether claim advanced against beneficiary has merit – where trustee neither consents nor opposes application but seeks indemnity for past and future costs backed by security – whether trustee should be made a defendant – application granted on condition that indemnity provided to trustee in relation to future costs Legislation Cited: Civil Procedure Act 2005 (NSW) Court Suppression and Non-publication Orders Act 2010 (NSW) Limitation Act 1969 (NSW) Trustee Act 1925 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Alexander v Perpetual Trustees WA Ltd (2003) 216 CLR 109; [2004] HCA 7 Bhagat v Australian Securities Commission (1995) 16 ACSR 536 Celermajer Holdings Pty Ltd v Kopas [2011] NSWSC 619 Cellarit Pty Ltd v Cawarrah Holdings Pty Ltd (No 2) [2018] NSWCA 266 Chahwan v Euphoric Pty Ltd trading as Clay & Michael & anor [2009] NSWSC 805 Cong v Shen [2019] NSWSC 1675 Dean v Antunes [2016] NSWSC 1845 In the matter of Canberra Babington Pty Ltd [2021] NSWSC 552 In the matter of Lorebray Pty Ltd [2021] NSWSC 1533 In the matter of Wil Brown Management Pty Ltd [2022] NSWSC 207 Lamru Pty Ltd v Kation Pty Ltd (1998) 44 NSWLR 432 Macedonian Orthodox Community Church St Petka Incorporated v His Eminence Petar The Diocesan Bishop of The Macedonian Orthodox Diocese of Australia and New Zealand (2008) 237 CLR 66; [2008] HCA 42 Pearson v Commissioner of Taxation (2001) 116 FCR 357; [2001] FCA 1427 Ramage v Waclaw (1988) 12 NSWLR 84 TAL Life Ltd v Shuetrim; MetLife Insurance Ltd v Shuetrim [2016] NSWCA 68 Treadtel International Pty Ltd v Cocco [2016] NSWCA 360 Category: Procedural rulings Parties: Lorebray Pty Limited (ACN 052 110 175) (Plaintiff) Christine Liddy (Defendant) John Christopher McNamee (First Applicant) Peter John McNamee (Second Applicant) Stephen John McNamee (Third Applicant) Philippa Margaret Hardy (Fourth Applicant) Representation: Counsel: R K Jameson (Plaintiff) G O'Mahoney (Defendant) M K Condon SC (Applicants)