iSAM Securities (UK) Ltd v Press [2024] NSWSC 1036

Supreme Court New South Wales

Medium Neutral Citation: iSAM Securities (UK) Ltd v Press [2024] NSWSC 1036 Hearing dates: 13 August 2024 Date of orders: 19 August 2024 Decision date: 19 August 2024 Jurisdiction: Equity Before: Richmond J Decision: See [82] Catchwords: CIVIL PROCEDURE — Preliminary discovery — To identify potential defendant — Order for examination — Reasonable inquiries — Exercise of discretion — Whether prospective proceedings are speculative — Whether categories for discovery are too broad — Orders made for discovery under Uniform Civil Procedure Rules 2005 (NSW), r 5.2 CIVIL PROCEDURE — Preliminary discovery — To identify potential cause of action — Whether the plaintiffs have already decided to commence proceedings — Whether scope of discovery too broad — Orders made for discovery under Uniform Civil Procedure Rules 2005 (NSW), r 5.3 Legislation Cited: Competition and Consumer Act 2010 (Cth), Sch 2 – Australian Consumer Law Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Age Co Ltd v Liu [2013] 82 NSWLR 268 Bohemia Crystal Pty Ltd v Host Corporation Pty Ltd [2018] FCA 235 Brick Lane Brewing Co Pty Ltd v Torquay Beverage Co Pty Ltd [2023] FCA 66 Cadbury Schweppes Pty Ltd v Darrell Lea Chocolate Shops Pty Ltd [2007] FCAFC 70 Hatfield v TCN Channel Nine Pty Ltd (2010) 77 NSWLR 506; [2010] NSWCA 69 Hornsby Building Information Centre Pty Ltd v Sydney Building Information Centre (1978) 140 CLR 216 Morton v Nylex Ltd [2007] NSWSC 562 Muscat v Qin [2024] NSWSC 113 O'Connor v O'Connor [2018] NSWCA 214 Pritchard Lees Pty Ltd v Heather [2013] NSWSC 1521 Racing New South Wales v Racing Victoria (No 2) [2023] NSWSC 576 Roads & Traffic Authority (NSW) v Australian National Car Parks Pty Ltd [2007] NSWCA 114 Roads & Traffic Authority (NSW) v Care Park Pty Ltd [2012] NSWCA 35 Self Care IP Holdings Pty Ltd v Allergan Australia Pty Ltd (2023) 97 ALJR 388; [2023] HCA 8 Stewart v Miller [1979] 2 NSWLR 128 Yorke v Lucas (1985) 158 CLR 661 Category: Procedural rulings Parties: iSAM Securities (UK) Limited (First Plaintiff) iSAM Securities (HK) Limited (Second Plaintiff) iSAM Securities (Global) Limited (Third Plaintiff) iSAM Securities (USA) Inc (Fourth Plaintiff) Matthew Press (First Defendant) Forexco Australia Pty Ltd (Second Defendant) Representation: Counsel: C Bova SC / Z Graus (Plaintiffs) O Jones / C Beshara (Defendants)