NSW Caselaw
New South Wales Supreme Court
CITATION : Manzel Equipment Pty Ltd v APE Pte Ltd [2000] NSWSC 1172 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 4702/00 HEARING DATE(S) : 24 November 2000 JUDGMENT DATE : 27 November 2000
Manzel Equipment Pty Limited (P) PARTIES : APE Pte Ltd (D1) National Australia Bank Limited (D2) JUDGMENT OF : Hamilton J
J M Atkin (P) COUNSEL : No appearance (D1) Ms T Walsh, Solicitor (D2) Smith Monti & Costa (P) SOLICITORS : No appearance (D1) Bernadette Baynie, Solicitor (D2) CATCHWORDS : BANKING AND FINANCIAL INSTITUTIONS [104] - Instruments - Letters of credit - Irrevocable letter of credit - Right to refuse payment - Bank with notice of fraud - EQUITY [338] - Equitable remedies - Injunctions - Interlocutory injunctions - Balance of convenience - Delay by applicant. Austal Ships Pty Ltd v National Australia Bank Ltd Supreme Court of Western Australia Templeman J 13 February 1997 unreported Carlton & United Breweries Ltd v Bond Brewing Company (NSW) Ltd (1987) 76 ALR 633 Commonwealth Bank of Australia v White [1999] VSC 400 CASES CITED : Inflatable Toy Company Pty Ltd v State Bank of NSW (1994) 34 NSWLR 243 Pedna Pty Ltd v Sitep Society per Azioni NSWSC Santow J 8 January 1997 unreported United City Merchants (Investments) Ltd v Royal Bank of Canada [1983] AC 168 Meagher, Gummow and Lehane, Equity: Doctrines and Remedies (3rd ed, 1992) [2174] DECISION : Interlocutory injunction to restrain payment refused but injunction to freeze proceeds granted.
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