Moage Limited v Jagelman & Ors [2001] NSWSC 557

Reported Decision : (2001) 38 ACSR 679

New South Wales Supreme Court

CITATION : Moage Limited v Jagelman & Ors [2001] NSWSC 557 CURRENT JURISDICTION: Equity Division Commercial List FILE NUMBER(S) : SC 50067 of 2001 HEARING DATE(S) : 25 and 28 May 2001 JUDGMENT DATE : 6 July 2001

Moage Limited (In Liquidation) (Plaintiff) Joseph Grant Jagelman (First Defendant) Baseform Pty Ltd (Second Defendant) Rhetford Pty Ltd (Third Defendant) PARTIES : Di Darke Pty Ltd (Fourth Defendant) County Natwest Securities Australia (Fifth Defendant) FAI Traders Insurance Company Ltd (Sixth Defendant) FAI General Insurance Company Ltd (Seventh Defendant) FAI Insurances Ltd (Eighth Defendant) JUDGMENT OF : Bergin J

COUNSEL : JC Kelly SC (Plaintiff) AJ Meagher SC/TGR Parker (Fifth Defendant) SOLICITORS : Piper Alderman (Plaintiff) Allen Allen & Hemsley (Fifth Defendant) CATCHWORDS : [CONSPIRACY] - Application to strike out pleading alleging conspiracy to harm plaintiff by unlawful means - Whether conspiracy alleged is identical to agreement by which prohibited acquisition of shares is achieved. [LIABILITY TO ACCOUNT] - Whether pleading alleging conspirator's liability to account for co-conspirators' benefits should be struck out. [AIDING AND ABETTING BREACHES OF COMPANIES CODE] - Whether deeming provisions have the effect of making aider and abetter liable for loss. Companies Code Companies (Acquisition of Shares) (Victoria) Code LEGISLATION CITED : Companies and Securities (Interpretation and Miscellaneous Provisions) (Victoria) Code Federal Courts (State Jurisdiction) Act 1999 (NSW) Foreign Takeovers Act 1975 (Cth) Trade Practices Act 1974 (Cth) Beach Petroleum NL v Johnson & Ors (1993) 115 ALR 411 Canada Safeway Ltd v Thompson [1951] 3 DLR 295 Council for the City of the Gold Coast v Pioneer Concrete (Qld) Pty Ltd & Ors (1998) 157 ALR 135 Dey v Victorian Railways Commissioners (1949) 78 CLR 62 General Steel Industries Inc v Commissioner for Railways (NSW) (1964) 112 CLR 125 Law Society of NSW v Bruce (1996) 40 NSWLR 77 New South Wales v McCloy Hutcherson Pty Ltd (1993) 116 ALR 363 CASES CITED : Pancontinental Mining Ltd v Posgold Investments Pty Ltd & Ors (1994) 121 ALR 405 PMT Partners Pty Ltd (In Liq) v Australian National Parks and Wildlife Service (1995) 184 CLR 301 Re Moage Ltd (In Liq); Sheahan v Pittorino & Ors (1998) 26 ACSR 726 R v Chow (1987) 11 NSWLR 561 Trade Practices Commission v Allied Mills Industries Pty Ltd (1980) 32 ALR 570 United States Surgical Corporation v Hospital Products International Pty Ltd (1982) 2 NSWLR 766 Wardley Australia Ltd v Western Australia (1992) 175 CLR 514 Williams v Hursey (1959) 103 CLR 30 Re Wakim; Ex parte McNally (1999) 198 CLR 511 DECISION : Motion to strike out pleading dismissed. Application to amend pleading allowed.