Macquarie Units Pty Ltd v Sunchen Pty Ltd [2023] NSWCA 116

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Macquarie Units Pty Ltd v Sunchen Pty Ltd [2023] NSWCA 116 Hearing dates: 21 September 2022 Date of orders: 26 May 2023 Decision date: 26 May 2023 Before: Meagher JA at [1]; White JA at [111]; Brereton JA at [122] Decision: 1. Extend the time for the filing of the notice of appeal to 10 December 2021. 2. Dismiss the appeal. 3. The appellants pay the respondents' costs of the appeal. Catchwords: CIVIL PROCEDURE — Hearings — Where appellants sought separate inquiry as to assessment of equitable compensation and common law damages — Whether primary judge denied appellants procedural fairness by dismissing claims because they had not proved they suffered any loss COMPANIES — Shares — Rectification of share register — laches defence EQUITY — Defences — Laches — Whether claim to rectification of share register barred by laches Legislation Cited: Corporations Act 2001 (Cth), s 175 Cases Cited: Akierman Holdings Pty Ltd v Akerman (No 2) [2020] NSWSC 970 Artistic Builders Pty Ltd v Elliot & Tuthill (Mortgages) Pty Ltd [2002] NSWSC 16 Burns Philp Trust Co Pty Ltd v Kwikasair Freightliners Ltd (1963) 63 SR (NSW) 492 Cayenne Coal Pty Ltd as Trustee for Boardwalk Resources Trust v Whitehaven Coal Limited (No 2) [2022] NSWSC 1242 Clegg v Edmondson (1857) 8 De GM & G 787 [44 ER 593] Crawley v Short [2009] NSWCA 410; (2009) 76 ACSR 286 Edmonds v Donovan (2005) 12 VR 513; [2005] VSCA 27 Erlanger v The New Sombrero Phosphate Co (1878) 3 App Cas 1218 Fysh v Page (1956) 96 CLR 233; [1956] HCA 13 Grant v John Grant & Sons Pty Ltd (1950) 82 CLR 1; [1950] HCA 54 Hatch v Hatch (1804) 9 Ves 292 [32 ER 615] In re Jarvis [1958] 1 WLR 815 Lindsay Petroleum Co v Hurd (1874) LR 5 PC 221 Nassif v Sun [2021] NSWSC 990 Orr v Ford (1989) 167 CLR 316; [1989] HCA 4 Rowe v Oades (1903) 3 CLR 73 Savage v Lunn [1998] NSWCA 203 Streeter v Western Areas Exploration Pty Ltd (No 2) (2011) 278 ALR 291; [2011] WASCA 17 Twigg v Twigg [2022] NSWCA 68; (2022) 402 ALR 119 Twigg v Twigg (No 4) [2020] NSWSC 1159; (2020) 147 ACSR 389 Warman International Ltd v Dwyer (1995) 182 CLR 544; [1995] HCA 18 Texts Cited: Heydon, Heydon on Contract (2019, LawBook Company) Heydon, Leeming and Turner, Meagher, Gummow & Lehane's Equity: Doctrines and Remedies (5th ed, 2015, LexisNexis Butterworths) Lindley, The Law of Companies (6th ed, 1902, Sweet and Maxwell) Category: Principal judgment Parties: Macquarie Units Pty Ltd (First Appellant) Steve Nassif (Second Appellant) MC 0380 Pty Ltd (Third Appellant) Sunchen Pty Ltd (First Respondent) Jianwei Sun (Second Respondent) Sunshine Group Australia Pty Ltd (Third Respondent) Representation: Counsel: D Sulan SC with J Entwistle (Appellants) NJ Kidd SC (Respondents)