Ryan v UPG 322 Pty Ltd [2023] NSWSC 1293

Supreme Court New South Wales

Medium Neutral Citation: Ryan v UPG 322 Pty Ltd [2023] NSWSC 1293 Hearing dates: 23 October 2023; further written submissions ending 25 October 2023 Date of orders: 31 October 2023 Decision date: 31 October 2023 Jurisdiction: Equity - Expedition List Before: Parker J Decision: See [96] Catchwords: EQUITY – specific performance – contract for sale of land – corporate purchaser's obligations guaranteed by sole shareholder and director – purchaser defaulted under contract – specific performance ordered against purchaser – whether decree available as against guarantor – whether decree against guarantor premature – order made against purchaser and guarantor jointly and severally requiring payment of purchase price on settlement GUARANTEE AND INDEMNITY – actions to enforce guarantee – construction of guarantee – where guarantee of the performance of all obligations of the purchaser under the contract, including payment of all money payable – where guarantee given as principal Legislation Cited: Nil Cases Cited: Ascherson v Tredegar Drydock and Wharf Co Ltd [1909] 2 Ch 401 Caird Seven Pty Ltd v Attia (No 3) (2016) 92 NSWLR 457 Dougan v Ley (1946) 71 CLR 142 Eastern Counties Railway Co v Hawkes (1855) 5 HL Cas 331; 10 ER 928 Fairborne Pty Ltd v Strata Store Noosa Pty Ltd [2009] QSC 250 Ierino v Gutta (2012) 43 WAR 372 In re Anderson-Berry [1928] Ch 290 Jowitt v Callaghan (1938) 38 SR (NSW) 512 McGuinness v Norwich and Peterborough Building Society [2012] 2 All ER (Comm) 265 Moschi v Lep Air Services Ltd [1973] AC 331 Newcombe v Chapple (1985) 3 BPR 9391 Stimpson v Smith [1999] Ch 340 Sunbay Projects Pty Ltd v PR Wieland Holdings Pty Ltd [2010] QSC 368 Sunbird Plaza Pty Ltd v Maloney (1988) 166 CLR 245 Thomas v Nottingham Incorporated Football Club Ltd [1972] Ch 596 Turner v Bladin (1951) 82 CLR 463 Wharf Street Pty Ltd v Amstar Learning Pty Ltd [2004] QCA 256 Texts Cited: Cheshire & Fifoot Law of Contract, Seddon NC, Bigwood RA (LexisNexis, 12th Australian Edition, 2023) Corbin on Contracts, Perillo JM (Vol 12, 2012, LexisNexis) Heydon on Contract, Heydon JD (Lawbook Co, 2019) Meagher, Gummow & Lehane's Equity Doctrines & Remedies, Heydon JD, Leeming ML and Turner PG (5th ed, 2015, LexisNexis Butterworths) The Principles of Equitable Remedies, Spry ICF (Lawbook Co, 9th ed, 2014) Category: Principal judgment Parties: Michael Carl Ryan (Plaintiff) UPG 322 Pty Limited (First Defendant) Bhart Bhushan (Second Defendant) Representation: Counsel: A J McInerney SC/ E Dunlop (Plaintiff) G A Sirtes SC/ M Sheldon (First and Second Defendants)