Li v Ye (No 2) [2024] NSWSC 1421

Supreme Court New South Wales

Medium Neutral Citation: Li v Ye (No 2) [2024] NSWSC 1421 Hearing dates: On the papers; submissions received 24 October and 5 November 2024 Decision date: 08 November 2024 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Proceedings dismissed, plaintiffs to pay the defendants' costs Catchwords: COSTS – plaintiffs' claims failed save for establishing that certain amounts were owing – such finding of little value as all companies wound up Cases Cited: Li v Ye [2024] NSWSC 1176 Category: Costs Parties: Xuxu Li (First Plaintiff) Kevin Ross Waters-Marsh (Second Plaintiff) Xiaosi Chaney Qian (Third Plaintiff) Mana Assets Management Pty Ltd (Fourth Plaintiff) XCQ Holdings Pty Ltd (Fifth Plaintiff) Phoenix Group Australia Pty Ltd (Sixth Plaintiff) Feng Ye (First Defendant) Thomas Gem Stone Pty Ltd in its own right and in its capacity as trustee of the Ye Family Trust (ABN 39 218 802 573) (Second Defendant) Shield Formply Australia Pty Ltd (Third Defendant) Shield Resources Pty Ltd (Fourth Defendant) Shield Holdings Australia Pty Ltd (Fifth Defendant) Shield Holdings South Australia Pty Ltd (Sixth Defendant) Shield Hardwood Pty Ltd (Seventh Defendant) Shield Intermodal Pty Ltd (Eighth Defendant) Shield Equipment Qld Pty Ltd (Ninth Defendant) Shield Timber SA Pty Ltd (Tenth Defendant) Shield Biomass Energy Pty Ltd (Eleventh Defendant) Shield Equipment Pty Ltd (Twelfth Defendant) Shield Construction Material Group Pty Ltd (Thirteenth Defendant) Oz Plantation and Hewer Pty Ltd (Fourteenth Defendant) Representation: Counsel: D Edney (Plaintiffs) A E Maroya (Defendants)