NSW Caselaw
New South Wales District Court
CITATION: County Securities Pty Limited v Challenger Group Holdings Limited [2007] NSWDC 125
HEARING DATE(S): 20-22, 26 & 28 February 2007
JUDGMENT DATE: 5 June 2007
JURISDICTION: Civil
JUDGMENT OF: Rolfe DCJ
DECISION: Verdict and Judgment for the Defendants.
CATCHWORDS: Equity Swap Transactions - Novation - Whether Terms of Novation included Oral Term - Consideration of Implied Term and Warranty - Consideration of difference between Mistake of Fact giving rise to Claim of Unjust Enrichment and Contractual Mistake - Whether there was Misleading and Deceptive Conduct by Reason of Silence - Reliance on alleged misrepresentation when representee was extraordinarily careless
Trade Practices Act 1974 (Cth) - s 52 LEGISLATION CITED: Fair Trading Act (NSW) 1987 - s42 Civil Procedure Act 2005
Riverwood v McCormack (2000) 177 ALR 193 at 208 Brambles Holdings Limited v Bathurst City Council (2001) 53 NSWLR 153 at 177 Branir Pty Limited v Owston Nominees (No. 2) Pty Limited (2001) FCR 424 at 525 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2006) 219 CLR 165 at 179 Pacific Carriers Ltd v BNP Paribas (2004) 218 CLR 451 at 461-462 BP Refinery (Westport) Pty Limited v Shire of Hastings (1977) 180 CLR 266 at 283 Equuscorp Pty Ltd v Glencallen Investments (2004) 218 CLR 471 at 483 David Securities Pty Ltd v Commonwealth Bank of Australia (1993) 175 CLR 353 at 379 CASES CITED: A Roberts & Co Ltd v Leicestershire CC (1961) Ch 555 Thomas Bates and Son Ltd v Wyndham's (Lingerie) Ltd (1981) WLR 505CA Taylor v Johnson (1983) 151 CLR 422 at 432-433 Tutt v Doyle (1997) 42 NSWLR 10CA 12 at 14-15 Ryledar Pty Ltd v Euphoric Pty Ltd (2007) NSW CA 65 at 259 Equity Access Pty Ltd v Westpac Banking Corporation (1990) ATPR 40-994 at 50,950 Taco Co of Australia Inc v Taco Bell Pty Ltd (1982) 42 ALR 177 at 202-203 Demagogue Pty Ltd v Ramensky (1992) 39 FCR 31 at 32 Argy v Blunts and Lane Cove Real Estate Pty Limited (1990) 26 FCR 112 at 138
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