AG-Exports (Australia) P/ L & Anor v EFIC [2001] NSWSC 404

New South Wales Supreme Court

CITATION : AG-Exports (Australia) P/ L & Anor v EFIC [2001] NSWSC 404 revised - 4/06/2001 CURRENT JURISDICTION: Common Law FILE NUMBER(S) : SC 20702/2000 HEARING DATE(S) : 11 May 2001 JUDGMENT DATE : 4 June 2001

AG-Exports (Australia) Ltd (First Plaintiff)

PARTIES : Brian John Lawn (Second Plaintiff)

Export Finance & Insurance Corporation (Defendant) JUDGMENT OF : Master Harrison

Mr A T McInnes QC (Plaintiffs) COUNSEL : Mr M A Jones (Defendant) John McEncroe & Co (Plaintiffs) SOLICITORS : Minter Ellison (Defendant) CATCHWORDS : Strike out paras of statement of claim - security for costs Supreme Court Rules LEGISLATION CITED : Corporations Law Supreme Court Act Limitation Act 1969 (NSW) Associated Securities Finance Ltd v Harrow Properties Pty Limited (NSWSC Lee J, 26 May 1977 unreported) Air Services Australia v Zarb (NSWCA unreported, 26 August 1998) Dey v Victorian Railway Commissioners (1948-49) 78 CLR 62 General Steel Industries Inc v Commissioner for Railways (1964) 112 CLR 125 Webster & Anor v Lampard (1993) 177 CLR 598 CASES CITED : Penrith City Council v GIO (1991) 24 NSWLR 564 Davey v Garrett (1878) 7 Ch D 473 Seymour v Seymour (1996) 40 NSWLR 358 Hamilton v Kaljo (1989) 17 NSWLR 381 Mann v Commonwealth of Australia [2000] NSWSC 353 H 1976 Nominess Pty Limited v Galli Ltd & Quarries Ltd (1979) 30 ALR 181 DECISION : (1) The defendant's notice of motion filed 2 April 2001 is dismissed; (2) The plaintiffs are to file and serve an amended statement of claim within 28 days; (3) The plaintiffs are to provide security for costs in the sum of $48,000 in accepted form. The proceedings are stayed until such time as the security is provided; (4) Each party is to pay its own costs.