LARSON-JUHL v JAYWEST [2000] NSWSC 524

Reported Decision : [2000] 11 ANZ Ins Cas 61-472

New South Wales Supreme Court

CITATION : LARSON-JUHL v JAYWEST [2000] NSWSC 524 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 1854/97 HEARING DATE(S) : 07/03/2000 JUDGMENT DATE : 15 June 2000

PARTIES : LARSON-JUHL AUSTRALIA LLC v JAYWEST INTERNATIONAL PTY LIMITED & ORS JUDGMENT OF : Master Macready at 52

Mr T. Alexis and Mr T Hudson for the plaintiff/Respondent COUNSEL : Mr R.A. Dick for defendants/applicants Minter Ellison for plaintiff/respondent SOLICITORS : Parry Carroll Kanjian for defendants/applicants CATCHWORDS : Insurance - Subrogation and Industrial All Risks Policy. - Loss of profits' claim by one insured paid by insurer. Subrogated proceedings brought by insurer against co-assured based upon contractual arrangements between them for sale of business. Loss of profits caused by matters separate from events giving rise to subrogated claim. Held that express waiver clause prevented claim. Consideration of principles of circuitry of action. Woodside Petroleum Development Pty Ltd (1997 18 WAR 539. Woodside Petroleum Development P/L v H&R-E&W Pty Ltd (1999) 10 ANZ Ins Cas 61-430; Petrofina (UK) Ltd v Magnaload Ltd (1984) 1QB 127; Cooperative Bulk Handling Ltd v Jennings Industries Ltd (1996) 9 ANZ Ins cas 61-355; Commonwealth Construction Co Ltd v Imperial Oil Ltd (1976) 69 DLR(3d)558 at 566; National Oilwell (UK) Ltd v Davy Offshore Ltd (1993)2 Lloyds Rep 582; Maxitherm Boilers Pty Ltd v Pacific Dunlop Ltd & Anor (1998) 10 ANZ Ins cas 61-393; CASES CITED : Marathon Oil Co v Mid Continent Underwriters (1986) 786 F2d 1301 at 1302; Agip Petroleum Co Inc v Gulf Island Fabrication Inc (1966) 920 F Supp 1318 (at 1328-1330); GPS Power Pty Ltd v Gardiner Willis Associates Pty Ltd Mackenzie J Supreme Court of Queensland 6/4/2000; Great American Insurance Co NY v Gulf Marine Drilling No 1 302 F (2d) 332 (1962); Wilson v Harvey Trinder (NSW) P/L (1973) 2 NSWLR 870; L. Schuler AG v Wickman Machine Tool Sales Ltd (1973) 2 LLoyds Rep 53; ABC v Australian Performing Right Association Ltd (1973 129 CLR 99; McCamley v Harris Young J 2/09/97. DECISION : Paragraph 52