Anderson v Canaccord Genuity Financial Ltd (No 2) [2024] NSWCA 161

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Anderson v Canaccord Genuity Financial Ltd (No 2) [2024] NSWCA 161 Hearing dates: On the papers (final submissions 7 June 2024) Decision date: 05 July 2024 Before: Gleeson JA; Leeming JA; White JA Decision: 1. Dismiss the notices of motion filed by the second, third and fourth respondents on 22 December 2023 with costs. 2. Order that the judgments entered on 7 December 2023 against Ms Garrett, Mr Renauf and PPB attract interest calculated at pre-judgment rates from that day until today, and at post-judgment rates thereafter. 3. Note that the post-judgment interest is not payable on the judgment debts if the amount is paid in full within 28 days from today. 4. Set aside order 4 made in proceeding 2022/00173143 by this Court on 8 December 2023 insofar as it applies to the second, third and fourth respondents. 5. The exhibits to be returned, and the parties have leave to uplift the submissions and affidavits containing information said to be confidential from the Court's file. Catchwords: JUDGMENTS – significance of plaintiff who settles with one defendant and characterises payment as going to costs – meaning and scope of rule against double recovery – significance of plaintiff settling with and releasing a defendant after judgment has been entered – nature of defendants' liability after entry of judgment COSTS – gross sum costs order – costs of long and complex trial and appeal – whether materials sufficient to permit making of gross sum costs order – whether costs associated with after-the-event insurance were disbursements or expenses – significance of costs being necessary, reasonable, and brought about by application for security for costs by ultimately unsuccessful respondents – whether and how costs should be discounted for various matters Legislation Cited: Access to Justice Act 1999 (UK), s 29 Civil Liability Act 2002 (NSW), Pt 4 Civil Procedure Act 2005 (NSW), ss 3, 95, 98, 99, 100, 101 Court Suppression and Non-publication Orders Act 2010 (NSW), ss 8, 11, 12 Legal Profession Act 1987 (NSW) Legal Profession Uniform Law Application Act 2014 (NSW), s 63, Pt 7 Legal Profession Uniform Law (NSW), s 196, Div 7 of Pt 4.3 Queensland Law Society Act 1948 (Qld) Real Property Act 1900 (NSW), s 126 Solicitors Act 1843 (6 & 7 Vic c 73) Supreme Court Act 1935 (SA) Supreme Court Rules 1987 (SA), r 101.16 Uniform Civil Procedure Rules 2005 (NSW), rr 36.16, 42.1 Wrongs Act 1958 (Vic), s 24AA Cases Cited: Anderson v Canaccord Genuity Financial Ltd [2022] NSWCA 168 Anderson v Canaccord Genuity Financial Ltd [2023] NSWCA 294 Anderson v Canaccord Genuity Financial Ltd (No 2) [2022] NSWSC 649 April Fine Paper Macao Commercial Offshore Ltd v Moore Business Systems Australia Ltd (2009) 75 NSWLR 619; [2009] NSWSC 867 Attorney-General (NSW) v Brewery Employes Union of New South Wales (1908) 6 CLR 469; [1908] HCA 94 Australian International Academy of Education Ltd v Dr Nirmal Taluja (No 2) [2011] NSWSC 880 B O Morris Ltd v Perrott and Bolton [1945] 1 All ER 567 Banque Keyser Ullman SA v Skandia (UK) Insurance Co Ltd (No 2) [1988] 2 All ER 880 Baxter v Obacelo Pty Ltd (2001) 205 CLR 635; [2001] HCA 66 Bell Lawyers Pty Ltd v Pentelow (2019) 269 CLR 333; [2019] HCA 29 Berry v British Transport Commission [1962] 1 QB 306 BNM v MGN Ltd [2017] EWCA Civ 1767 Boncristiano v Lohmann [1998] 4 VR 82 Broadway Plaza Investments Pty Ltd v Broadway Plaza Pty Ltd; In the matter of Combined Projects (Arncliffe) Pty Ltd (No 3) [2021] NSWSC 1537 Burford v Allan [1998] SASC 6693 Cachia v Hanes (1994) 179 CLR 403; [1994] HCA 14 Cachia v Isaacs (Court of Appeal (NSW), 23 March 1989, unrep) Cassaniti v Ball as liquidator of RCG CBD Pty Ltd (in liq); Khalil v Ball as liquidator of Diamondwish Pty Ltd (in liq) (2022) 109 NSWLR 348; [2022] NSWCA 161 Castellan v Electric Power Transmission Pty Ltd (1967) 69 SR (NSW) 159 Coleman v Power (2004) 220 CLR 1; [2004] HCA 39 CSR Ltd v Eddy (2005) 226 CLR 1; [2005] HCA 64 Davis v Minister for Immigration, Citizenship, Migrant Services and Multicultural Affairs [2023] HCA 10; 97 ALJR 214 Dimos v Willetts (2000) 2 VR 170; [2000] VSCA 154 Energy & Resource Conservation Co Pty Ltd (in liq) v Abigroup Contractors Pty Ltd (Supreme Court (NSW), 18 March 1998, unrep) FM Capital Partners Ltd v Marino [2018] EWHC 2905 (Comm) FM Capital Partners Ltd v Marino [2021] QB 1; [2020] EWCA Civ 245 Gill v Ethicon Sàrl (No 12) [2023] FCA 902 Greentree v Jaguar Land Rover Australia Pty Ltd (Carriage Application) [2023] FCA 1209 Hamod v New South Wales [2011] NSWCA 375 Harplex Pty Ltd v Konstandellos (2018) 54 VR 174; [2018] VSCA 67 Herbert v HH Law Ltd [2019] EWCA Civ 527; [2019] 4 All ER 835 Houghton v Saunders [2019] NZCA 285 In re Blair & Girling [1906] 2 KB 131 In re Buckwell & Berkeley [1902] 2 Ch 596 In re Remnant (1849) 11 Beav 603; 50 ER 949 Jones v Sutton (No 2) [2005] NSWCA 203 Kea Investments Ltd v Watson [2023] EWHC 1830 (Ch) Landoro (Qld) Pty Ltd (Admin Apptd) v Jensen International Pty Ltd [1999] QCA 318 Legal Services Commissioner v Dempsey [2008] 2 Qd R 272; [2008] QCA 122 Lewis v Doran [2008] NSWSC 186 McGraddie v McGraddie [2015] UKSC 1; [2015] 3 All ER 61 McMillan Investment Holdings PL v Mangos (No 3) [2023] NSWSC 1327 Mills v Walsh [2022] NSWCA 255 Nau v Kemp & Associates Pty Ltd (2010) 77 NSWLR 687; [2010] NSWCA 164 Queensland Bulk Water Supply Authority t/as Seqwater v Rodriguez & Sons Pty Ltd [2021] NSWCA 206 Legal Services Commissioner v Dempsey [2007] QSC 270 Registrar-General (NSW) v Behn (1981) 148 CLR 562; [1981] HCA 36 SAS Trustee Corporation v Budd [2005] NSWCA 366; 3 DDCR 382 Scripture Union v Prime Industrial Pty Ltd [2006] NSWSC 38 The Berry Rural Co Operative Society Ltd v Sepak Industries Pty Ltd (No 4) [2018] NSWSC 1902 Thompson v Australian Capital Television Pty Ltd (1996) 186 CLR 574; [1996] HCA 38 Tomlinson v Ramsey Food Processing Pty Ltd (2015) 256 CLR 507; [2015] HCA 28 Townsend v Stone Toms & Partners (1984) 27 BLR 26 Williamson v Sydney Olympic Park Authority [2022] NSWSC 1618 Texts Cited: J Chitty and T Chitty, Chitty's Treatise on Pleading (6th ed, 1836, Stevens & Sons) G Dal Point, Law of Costs (5th ed, 2021, LexisNexis) Lord Justice Jackson, Review of Civil Litigation Costs: Final Report (Ministry of Justice (UK), December 2009) L Oliver, Law of Costs (1960, Law Book Co) Category: Costs Parties: Daniela Alejandra Anderson (Appellant) Canaccord Genuity Financial Ltd (First Respondent) Nicola Lesleigh Garrett (Second Respondent) Samuel Mark Renauf (Third Respondent) Falcon Prime Pty Ltd (Fourth Respondent) Acorn Capital Ltd (Fifth Respondent) Albany Capital Investors Pty Ltd (Sixth Respondent) Ashington Capital Pty Ltd (in liquidation) (Seventh Respondent) Ashington Management Pty Ltd (in liquidation) (Eight Respondent) Representation: Counsel: P S Braham SC, A Bhasin and S Murray (Appellant) J A Redwood SC and E Bathurst (First Respondent) M Painter SC and T Bagley (Second and Third Respondents) G Ng SC and R Sud (Fourth Respondent)