Prout v FC Capital Holdings Pty Ltd [2024] NSWSC 1518

Supreme Court New South Wales

Medium Neutral Citation: Prout v FC Capital Holdings Pty Ltd [2024] NSWSC 1518 Hearing dates: 26 November 2024 Date of orders: 26 November 2024 Decision date: 26 November 2024 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Summons dismissed with costs Catchwords: CONTRACTS – construction – interpretation – deed of indemnity – where deed made provision for advances of the plaintiff's reasonable costs of defending proceedings – whether deed obliged defendant to pay such costs on request Legislation Cited: Corporations Act 2001 (Cth) Cases Cited: Chartbook Limited v Persimmon Homes Limited [2009] AC 1101; [2009] UKHL 38 Codelfa Construction Pty Ltd v State Rail Authority of New South Wales (1982) 149 CLR 337; [1982] HCA 24 Ecosse Property Holdings Pty Ltd v Gee Dee Nominees Pty Ltd (2017) 261 CLR 544; [2017] HCA 12 Electricity Generation Corporation v Woodside Energy Ltd (2014) 251 CLR 640 at 656; [2014] HCA 7 Miles v Luneburger Franchising Pty Ltd [2021] NSWCA 248 Mount Bruce Mining Pty Ltd v Wright Prospecting Pty Ltd (2015) 256 CLR 104; [2015] HCA 37 QBT Pty Limited v Wilson [2024] NSWCA 114 Reardon Smith Line Ltd v Hansen-Tangen; Hansen-Tangen v Sanko Steamship Co [1976] 1 WLR 989; [1976] 3 All ER 570 Simic v New South Wales Land and Housing Corporation (2016) 260 CLR 85; [2016] HCA 47 The J & P Marlow (No 2) Pty Ltd v Joseph Hayes & Andrew McCabe in their capacity as joint and several liquidators of Peak Invest Pty Ltd (in liq), Five Islands Invest Pty Ltd (in liq), Surry Hills Pub Invest Pty Ltd (in liquidation) and Four By Four Investments Pty Ltd (in liq) [2023] NSWCA 117 Victoria v Tatts Group Ltd [2016] HCA 5 Texts Cited: P Herzfeld and T Prince, Interpretation (3rd ed, 2024, Thomson Reuters) Category: Principal judgment Parties: Bradley Lawrence Prout (Plaintiff) FC Capital Holdings Pty Ltd (Defendant) Representation: Counsel: T Jonker (Plaintiff) J Burnett (Defendant)