In the matter of Hermitage Engadine Pty Ltd [2024] NSWSC 1308

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Hermitage Engadine Pty Ltd [2024] NSWSC 1308 Hearing dates: 9 October 2024 Date of orders: 9 October 2024 Decision date: 09 October 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Dismiss application for leave under s 237 of the Corporations Act 2001(Cth) to bring derivative proceedings. 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 Cases Cited: - Admirable 1 Pty Ltd v Leighton Contractors Pty Ltd [2005] NSWSC 1005 - Hobart International Airport Pty Ltd v Clarence City Council (2022) 276 CLR 519; [2022] HCA 5 - Huang v Wang [2016] NSWCA 164 - Maher v Honeysett and Maher Electrical Contractors Pty Ltd [2005] NSWSC 859 - Re Gladstone Pacific Nickel Ltd (2011) 86 ACSR 432; [2011] NSWSC 1235 - Re Legal Practice Management Group Pty Ltd [2018] NSWSC 527 - Swansson v RA Pratt Properties Pty Ltd (2022) 42 ACSR 313 at [26]; [2022] NSWSC 583 Category: Principal judgment Parties: Ashelford Engadine Development Pty Ltd (First Plaintiff) Peter Ashelford (Second Plaintiff) Hermitage Engadine Pty Ltd (First Defendant) Central Real Development Pty Ltd (Second Defendant) Representation: Counsel: J Horowitz (Plaintiff) S Robertson SC/C Hartcher (Second Defendant)