Songshan Guo v Option Holdings Pty Ltd [2024] NSWSC 1506

Supreme Court New South Wales

Medium Neutral Citation: Songshan Guo v Option Holdings Pty Ltd [2024] NSWSC 1506 Hearing dates: 26-27 November 2024 Date of orders: 27 November 2024 Decision date: 27 November 2024 Jurisdiction: Equity - Real Property List Before: Peden J Decision: At [57] Catchwords: CONTRACTS — Formation — Agreement — Whether an oral agreement of accord and satisfaction formed that the plaintiff agreed to extinguish a $1.2 million debt owed by the first and second defendants if they paid $500,000 and made a non-binding promise to pay an unidentified sum of money if possible in the future — no agreement found EQUITY — Equitable remedies — Orders for judicial sale out of court — Whether court should make an order for judicial sale out of court Legislation Cited: Family Law Act 1975 (Cth) Cases Cited: ACT Plasterboard Pty Ltd v Pohorukov [2024] NSWSC 218 AJG Capital Pty Ltd v AJG Properties Pty Ltd (in liq) [2010] NSWSC 884 Ashton v Pratt (2015) 88 NSWLR 281 Australia and New Zealand Banking Group Pty Ltd v Donnelly [2012] NSWSC 161 Bellevarde Constructions Pty Ltd v Cosmas Pty Ltd [2016] NSWSC 406 Foakes v Beer (1884) 9 App Cas 605 Harriette & Co Pty Ltd v Platine Property Development Pty Ltd (No 2) [2022] NSWSC 1611 King Investment Solutions Pty Ltd v Hussain [2005] NSWSC 1076 Morris Finance Ltd v Free [2017] NSWSC 1417 Pavlovic v Universal Music Australia Pty Ltd (2015) 90 NSWLR 605 Thorn v Boyd [2016] NSWSC 1344 Category: Principal judgment Parties: Songshan Guo (Plaintiff) Option Holdings Pty Ltd (First Defendant) Howard Hao Ting Cao (Second Defendant) Ni Du (Third Defendant) Westpac Banking Corporation (Fourth Defendant) Representation: Counsel: J Foley (Plaintiff) D Robertson (First and Second Defendants) J Tomaras (Solicitor) (Third Defendant)