Milicevic & Anor v Ferrari East Pty Ltd & Ors (No 4) [2023] NSWSC 1608

Supreme Court New South Wales

Medium Neutral Citation: Milicevic & Anor v Ferrari East Pty Ltd & Ors (No 4) [2023] NSWSC 1608 Hearing dates: 11 December 2023 Date of orders: 19 December 2023 Decision date: 19 December 2023 Jurisdiction: Equity Before: Henry J Decision: See [69] Catchwords: CONTRACTS — Misleading conduct under statute — Remedies — Measure of damages on a "no transaction" case — Whether plaintiffs established period(s) in respect of which their claim for lost profits and lost management fees should be calculated until 2024 or some other time — Consideration of factual finding of company's liquidation on plaintiffs' counterfactual Legislation Cited: Australian Consumer Law and Fair Trading Act 2012 (Vic) Competition and Consumer Act 2010 (Cth) Fair Trading Act 1987 (NSW) Cases Cited: Berry v CCL Secure Pty Ltd (2020) 271 CLR 151; (2020) 381 ALR 427; [2020] HCA 27 Carter Holt Harvey Woodproducts Australia Pty Ltd v Commonwealth (2019) 268 CLR 524; (2019) 368 ALR 390; [2019] HCA 20 Commonwealth v Amann Aviation Pty Ltd (1991) 174 CLR 64; (1991) 104 ALR 1; [1991] HCA 54 Westpac Banking Corp v Jamieson [2016] 1 Qd R 495; [2015] QCA 050 Wyzenbeek v Australasian Marine Imports Pty Ltd (In Liq) (2019) 272 FCR 373; [2019] FCAFC 167 Category: Principal judgment Parties: Haris Milicevic (First Plaintiff/First Cross-Defendant) Jasmine Milicevic (Second Plaintiff/Second Cross-Defendant) Ferrari East Pty Ltd (First Defendant/Cross-Claimant) Gerard Ferrari (Second Defendant) Bevan Ferrari (Third Defendant) Representation: Counsel: R Clark (Plaintiffs/Cross-Defendants) J Young with A Lim (Defendants/Cross-Claimant)