Ossen Pty Ltd v K&S Developments Pty Ltd (Receivers and Managers Appointed); Clarke v Ossen Pty Ltd [2024] NSWSC 165

Supreme Court New South Wales

Medium Neutral Citation: Ossen Pty Ltd v K&S Developments Pty Ltd (Receivers and Managers Appointed); Clarke v Ossen Pty Ltd [2024] NSWSC 165 Hearing dates: 9 June 2023 Date of orders: 27 February 2024 Decision date: 27 February 2024 Jurisdiction: Equity - Real Property List Before: Richmond J Decision: Parties to bring in short minutes of order to reflect these reasons. Catchwords: EQUITY — contribution — co-ordinate liability — party named as borrower claims they are a guarantor — claim for contribution from third party as the 'true borrower' GUARANTEE AND INDEMNITY — guarantor — right of subrogation Legislation Cited: Contracts Review Act 1980 (NSW) Law Reform (Miscellaneous Provisions) Act 1965 (NSW) Cases Cited: AGC (Advances) Ltd v West (1984) 5 NSWLR 590 Barber v De Prima [2018] NSWSC 601 Burke v LFOT Pty Ltd (2002) 209 CLR 282; [2002] HCA 17 Craythorne v Swinburne (1807) 14 VES JUN 160; 33 ER 482 Elkofairi v Permanent Trustee Co Ltd (2002) 11 BPR 20,841; [2002] NSWCA 413 Friend v Brooker (2009) 239 CLR 129; [2009] HCA 21 Global Consulting Services Pty Ltd v Gresham Property Investments Ltd [2018] NSWCA 255 Greenough v McClelland (1860) 2 El & El 429; 121 ER 162 HIH Claims Support Limited v Insurance Australia Limited (2011) 244 CLR 72 Hollier v Eyre (1842) 9 Cl & Fin 1; 8 ER 313 In the matter of Great Southern Ltd (in liq) [2017] FCA 169 Mahoney v McManus (1981) 180 CLR 370; [1981] HCA 54 Manzo v 555/255 Pitt Street Pty Ltd (1990) 21 NSWLR 7 Montevento Holdings Pty Ltd v Central City Pty Ltd [2021] WASC 154 Official Trustee in Bankruptcy v Citibank Savings Ltd (1995) 38 NSWLR 116 Ogilvie v Ferry [2010] NSWSC 379 Reale Bros Pty Ltd v Reale [2003] NSWSC 666 Rouse v Bradford Banking Co [1894] AC 586 Texts Cited: JD Heydon et al, Meagher, Gummow & Lehane's Equity: Doctrines and Remedies (5th ed, Lexis Nexis, 2015) Category: Principal judgment Parties: Ossen Pty Ltd (Plaintiff/First Cross-Defendant) K & S Developments Pty Ltd (Receivers and Managers Appointed) as trustee for the Midnas Trust (First Defendant/Second Cross-Defendant) Sandra Gail Clarke (Second Defendant/Cross-Claimant) Representation: Counsel: Mr M Young SC (Plaintiff/First Cross-Defendant) Mr A Fernon SC and Ms E Keynes (Second Defendant/Cross-Claimant)