Abignano Nominees Pty Ltd v Altius Pty Ltd [2022] NSWSC 1739

Supreme Court New South Wales

Medium Neutral Citation: Abignano Nominees Pty Ltd v Altius Pty Ltd [2022] NSWSC 1739 Hearing dates: 16, 17 and 18 November 2021, 11 February 2022, 22 August 2022; Parties' Schedule of Agreed Facts and of Issues in Dispute received 29 August 2022 Date of orders: 16 December 2022 Decision date: 16 December 2022 Jurisdiction: Common Law Before: Walton J Decision: (1) Direct the parties to confer and agree upon short minutes of order reflecting the terms of this judgment. The plaintiff is to file the short minutes of order to the Associate to Walton J by 12:00pm on Friday 23 December 2022. (2) In the event that the parties are unable to reach agreement, direct that each party is to provide to the Court a competing set of short minutes of order by 12:00pm on Friday 23 December 2022. (3) The matter will be dealt with on the papers thereafter unless the Court requires, or the parties request, the matter to be relisted. (4) Liberty to apply. Catchwords: CONTRACTS – proceedings under Statement of Claim and Cross Claim – proceeds of amounts payable under loans – whether payable under holding costs contribution and option agreement – common understanding – representations – Australian Consumer Law – directions Legislation Cited: Trustee Act 1925 (NSW), s 9 Cases Cited: Application by Christopher Cranney pursuant to s 78 of the Crimes (Appeal and Review) Act 2001 (NSW) [2022] NSWSC 1005 Cape Lambert Resources Ltd v MCC Australia Sanjin Mining Pty Ltd (2013) 298 ALR 666; [2013] WASCA 66 Cherry v Steele-Park (2017) 96 NSWLR 548; [2017] NSWCA 295 Codelfa Construction Pty Ltd v State Rail Authority of NSW (1982) 149 CLR 337; [1982] HCA 24 Ecosse Property Holdings Pty Ltd v Gee Dee Nominees Pty Ltd (2017) 261 CLR 544; [2017] HCA 12 Electricity Generation Corporation v Woodside Energy Ltd (2014) 251 CLR 640; [2014] HCA 7 Franklins Pty Ltd v Metcash Trading Ltd (2009) 76 NSWLR 603 International Air Transport Association v Ansett Australia Holdings Ltd (2008) 234 CLR 151; [2008] HCA 3 Investors Compensation Scheme Ltd v West Bromwich Building Society [1998] 1 WLR 896 Jones v Dunkel [1959] 101 CLR 298; HCA 8 Pacific Carriers Ltd v BNP Paribas (2004) 218 CLR 451; [2004] HCA 35 Maggbury Pty Ltd v Hafele Australia Pty Ltd (2001) 210 CLR 181; [2001] HCA 70 Mainteck Services Pty Ltd v Stein Heurtey SA (2014) 89 NSWLR 633; [2014] NSWCA 184 Masterton Homes Pty Ltd v Palm Assets Pty Ltd (2009) 261 ALR 382; [2009] NSWCA 234 McGrath v Sturesteps (2011) 81 NSWLR 690; [2011] NSWCA 315 Mount Bruce Mining Pty Ltd v Wright Prospecting Pty Ltd (2015) 256 CLR 104; [2015] HCA 37 Newey v Westpac Banking Corporation [2014] NSWCA 319 Proctor v Jetway Aviation Pty Ltd [1984] 1 NSWLR 166 Reardon Smith Line Ltd v Hansen-Tangen [1976] 1 WLR 989 Royal Botanic Gardens and Domain Trust v South Sydney City Council (2002) 240 CLR 45 Technomin Australia Pty Ltd v Xstrata Nickel Australasia Operations Pty Ltd (2014) 48 WAR 261; [2014] WASCA 164 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165; [2004] HCA 52 Western Export Services Inc v Jireh International Pty Ltd (2011) 282 ALR 604; [2011] HCA 45 WIN Corporation Pty Ltd v Nine Network Australia Pty Ltd (2016) 341 ALR 467; [2016] NSWCA 297 Zhu v Treasurer of the State of New South Wales (2004) 218 CLR 530; [2004] HCA 56 Category: Principal judgment Parties: Abignano Nominees Pty Ltd (First Plaintiff / Second Cross-Defendant) Avich Holdings Pty Ltd (Second Plaintiff / Third Cross-Defendant) Gennaro Abignano (Third Plaintiff / Fourth Cross-Defendant) B & J Abignano Pty Ltd (Fourth Plaintiff until 20 March 2020 / Fifth Cross-Defendant) Altius Pty Ltd (Defendant / First Cross-Claimant) Sheridan Claire Peterkin (Second Cross-Claimant) Jerolu Investments Pty Ltd (Third Cross-Claimant) SP Two Pty Ltd (Fourth Cross-Claimant) Representation: Counsel: D Neggo (Plaintiffs and Cross-Defendants) T Lynch SC (Defendant and Cross-Claimants)