In the matter of Gillespies Cranes Nominees Pty Ltd [2024] NSWSC 1136

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Gillespies Cranes Nominees Pty Ltd [2024] NSWSC 1136 Hearing dates: 29 August 2024 Date of orders: 5 September 2024 Decision date: 05 September 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Dismiss application for leave to the First Plaintiff under s 237 of the Corporations Act 2001 (Cth) to bring derivative proceedings, on behalf of the Second Plaintiff, against the Defendants. Catchwords: CORPORATIONS – Statutory derivative action – Application to bring proceedings on behalf of company – Whether leave to bring derivative action should be granted. Legislation Cited: - Corporations Act 2001 (Cth), ss 236, 237, 239 - Evidence Act 1995 (NSW), s 136 - Limitation Act 1969 (NSW), s 47 - Real Property Act 1900 (NSW), s 42 Cases Cited: - Aidzan Pty Ltd (in liq) v K & A Laird (NSW) Pty Ltd (in liq) [2024] NSWCA 185 - App Shop Pty Ltd v Jalal Brothers Pty Ltd [2019] NSWSC 490 - Australian Annuities Pty Ltd v Rowley Superfund Pty Ltd (2015) VSCA 9 - Baba v Sheehan (2021) 151 ACSR 462; [2021] NSWCA 58 - Barnes v Addy (1874) LR 9 Ch App 244 - Byers v Saudi National Bank [2024] 2 WLR 237; [2023] UK 51 - Cemcon: Re Hall Constructions Pty Ltd [2009] FCA 696 - Chahwan v Euphoric Pty Ltd (2008) 65 ACSR 661; [2008] NSWCA 52 - Charlton v Baber (2003) 47 ACSR 31; [2003] NSWSC 745 - El Sayed v El Hawach (2015) 88 NSWLR 214; (2015) 317 ALR 771; [2015] NSWCA 26 - Farah Constructions Pty Ltd v Say-Dee Pty Ltd] (2007) 230 CLR 89; [2007] HCA 22 - Gerace v Auzhair Supplies Pty Ltd (in liq) (2014) 87 NSWLR 435; [2014] NSWCA 181 - Goozee v Graphic World Group Holdings Pty Ltd (2002) 42 ACSR 534; [2002] NSWSC 640 - Grimaldi v Chameleon Mining NL (No 2) (2012) 200 FCR 296; [2012] FCAFC 6 - Hannon v Doyle (2011) 82 ACSR 259; [2011] NSWSC 10 - Huang v Wang (2016) 114 ACSR 586; [2016] NSWCA 164 - K&A Laird (NSW) Pty Ltd (in liq) v Aidzan Pty Ltd (in liq) [2023] NSWSC 603 - Kerns v Hill (1990) 21 NSWLR 107 - Kinsela v Russell Kinsela Pty Ltd (1986) 4 NSWLR 722 - Macquarie Bank Ltd v Sixty-Fourth Throne Pty Ltd (1998) 3 VR 133 - Maher v Honeysett & Maher Electrical Contractors Pty Ltd [2005] NSWSC 859 - Mathews Capital Partners Pty Limited v Coal of Queensland Holdings Limited [2012] NSWSC 462 - MG Corrosion Consultants Pty Ltd v Vinciguerra (2011) 82 ACSR 367; [2011] FCAFC 31 - Mount Gilead Pty Ltd & Hobhouse v L Macarthur-Onslow (2021) 398 ALR 629; [2021] NSWSC 948 - Mount Gilead Pty Ltd v Macarthur-Stanham (as executor of Estate of late Lee Macarthur-Onslow) (2023) 168 ACSR 32; [2023] NSWCA 37 - Power v Ekstein (2010) 77 ACSR 302; [2010] NSWSC 137 - Re ASP Aluminium Holdings Pty Ltd [2024] NSWSC 183 - Re Colorado Products Pty Ltd (in prov liq) (2014) 101 ACSR 233; [2014] NSWSC 789 - Re FAL Healthy Beverages Pty Ltd [2017] NSWSC 476 - Re Gladstone Pacific Nickel Ltd (2011) 86 ACSR 432; [2011] NSWSC 1235 - Re Global Advanced Metals Pty Ltd (2019) 141 ACSR 222; [2019] NSWSC 1804 - Re HIH Insurance Ltd and HIH Casualty and General Insurance Ltd; Australian Securities and Investments Commission v Adler (2002) 168 FLR 253; 41 ACSR 72; 20 ACLC 576; [2002] NSWSC 171 - Re Imperium Projects Pty Ltd [2015] NSWSC 16 - Re Legal Practice Management Group Pty Ltd (2018) 125 ACSR 513; [2018] NSWSC 527 - Re Lotus Property Fund No 8 Pty Ltd [2020] NSWSC 1349 - Spellson v George (1992) 26 NSWLR 666 - Super 1000 Pty Ltd v Pacific General Securities Ltd (2008) 221 FLR 427; [2008] NSWSC 1222 - Swansson v R A Pratt Properties Pty Ltd (2002) 42 ACSR 313; [2002] NSWSC 583 - Turner v O'Bryan­Turner (2022) 107 NSWLR 171; [2022] NSWCA 23 - Twigg v Twigg (2020) 147 ACSR 389; [2020] NSWSC 1159 - Vinciguerra v MG Corrosion Consultants Pty Ltd (2010) 79 ACSR 293; [2010] FCA 763 - Vlahos v Vlahos [2016] VSC 284 - Vrisakis v Australian Securities Commission (1993) 9 WAR 395; 11 ACSR 162 Texts Cited: JD Heydon and MJ Leeming, Jacobs Law of Trusts in Australia, 8th ed, [23-05] Category: Procedural rulings Parties: Robert Gillespie (First Plaintiff/Applicant) Gillespies Cranes Nominees Pty Ltd (Second Plaintiff/First Respondent) Peter Timothy Gillespie (First Defendant) Helen Ann Gillespie (as personal representative of the Estate of the late John William Gillespie) (Second Defendant) JPD Equipment Pty Limited (Third Defendant) Ainley Pty Limited (Fourth Defendant) Representation: Counsel: H Insall SC (First Plaintiff/Applicant) J C Hewitt SC (First to Fourth Defendants) J A C Potts SC/P A R Langshaw (First Respondent)