Malayan Banking Berhad v Vietnam Industrial Investments Ltd [2024] NSWSC 830

Supreme Court New South Wales

Medium Neutral Citation: Malayan Banking Berhad v Vietnam Industrial Investments Ltd [2024] NSWSC 830 Hearing dates: On the papers Date of orders: 08 July 2024 Decision date: 08 July 2024 Jurisdiction: Equity - Corporations List Before: McGrath J Decision: Defendant to pay the plaintiff's costs as a gross sum and on an indemnity basis Catchwords: COSTS — application by plaintiff for lump sum costs order and indemnity costs — factors relevant to the court's discretion when quantifying costs — contractual entitlement to indemnity costs — unreasonable conduct in opposing winding up application — HELD — gross sum costs awarded on indemnity basis Legislation Cited: A New Tax System (Goods and Services) Tax Act 1999 (Cth) ss 38-190(1) Civil Procedure Act 2005 (NSW) s 98 Corporations Act 2001 (Cth) s 466(2) Cases Cited: A1 Catering Services Pty Ltd v Manassen Holdings Pty Ltd (No 2) [2024] NSWSC 530 Abigroup Limited v Sandtara Pty Limited [2002] NSWCA 45 Cappello v HomeBuilding Pty Ltd [2023] NSWCA 109 Dee-Tech Pty Limited & Anor v Neddam Holdings Pty Limited (No 2) [2012] NSWSC 517 Gomba Holdings (UK) Ltd v Minories Finance [1993] Ch 171 at 194; [1992] 4 All E.R. 588 Harrison v Schipp (2002) 54 NSWLR 738; [2002] NSWCA 213 Hoho Property Pty Ltd v Bass Finance No 37 Pty Ltd [2022] NSWSC 1062 Kyabram Property Investments Pty Ltd v Murray [2006] NSWSC 54 Penson v Titan National Pty Ltd (No 3) [2015] NSWCA 121 Rail Corporation New South Wales v Leduva Pty Ltd [2005] NSWSC 138 Re Vietnam Industrial Investments Pty Ltd [2022] NSWSC 1411 Category: Costs Parties: Malayan Banking Berhad (a licensed bank incorporated in Malaysia with Company No. 196001000142) (Plaintiff) Vietnam Industrial Investments Ltd (in liquidation) (Defendant) Representation: Solicitors: Squire Patton Boggs (Plaintiff) Lavan (Defendant) File Number(s): 2022/00251844 Publication restriction: Nil