Ellie Abraham Barikhan v Vincenzo Francesco Cagnoni [2023] NSWSC 745

Supreme Court New South Wales

Medium Neutral Citation: Ellie Abraham Barikhan v Vincenzo Francesco Cagnoni [2023] NSWSC 745 Hearing dates: 13-14 March 2023 Date of orders: 30 June 2023 Decision date: 30 June 2023 Jurisdiction: Equity - Real Property List Before: Williams J Decision: See conclusion and orders at [158]-[159] Catchwords: EQUITY — Resulting trusts — where first defendant purchased property using proceeds of bank loan plus funds paid by plaintiffs — where evidence of actual intention that plaintiffs' payment was a loan by plaintiffs to first defendant — no resulting trust MORTGAGES AND SECURITIES — unregistered second mortgagee — order for judicial sale — whether mortgagee or mortgagor should be appointed to effect sale CONTRACTS — Proper construction of terms of deed of loan concerning rate of interest — no question of principle Legislation Cited: Civil Procedure Act 2005 (NSW) ss 100, 101 Cases Cited: Almona Pty Ltd v Parklea Corporation Pty Ltd (2021) 392 ALR 457; [2021] NSWCA 171 Bosanac v Commissioner of Taxation (2022) 96 ALJR 976; (2022) 405 ALR 424; (2022) 115 ATR 35; (2022) 18 ABC(NS) 521; (2022) 65 Fam LR 508; [2022] HCA 34 County Securities Pty Ltd v Challenger Group Holdings Pty Ltd [2008] NSWCA 193 Electricity Generation Corporation v Woodside Energy Ltd (2014) 251 CLR 640; (2014) 88 ALJR 447; (2014) 306 ALR 25; (2014) 7 ARLR 361; [2014] HCA 7 King Investment Solutions Pty Ltd v Hussain (2005) 64 NSWLR 441; (2005) 1 BFRA 577; [2005] NSWSC 1076 Mango Media Pty Ltd v Mertes (2006) 14 BPR 26,971 [2006] NSWSC 1460 Simic v New South Wales Land and Housing Corp (2016) 260 CLR 85; (2016) 91 ALJR 108; (2016) 339 200; [2016] HCA 47 Watson v Foxman (1995) 49 NSWLR 315 Texts Cited: N/A Category: Principal judgment Parties: Ellie Abraham Barikhan (First Plaintiff) George Barikhan (Second Plaintiff) Vincenzo Francesco Cagnoni (First Defendant) ING Bank (Australia) Limited (ACN 000 893 292) (Second Defendant) Representation: Counsel: Mr M W Young SC with Ms C Langford (Plaintiffs) Mr E Yin (First Defendant) N/A (Second Defendant)