Warren Aubrey Miles v Little Caesars Casino Pty Ltd & Ors [2001] NSWSC 33

New South Wales Supreme Court

CITATION : Warren Aubrey Miles v Little Caesars Casino Pty Ltd & Ors [2001] NSWSC 33 revised - 23/02/2001 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 4851 of 1999 HEARING DATE(S) : 14, 15, 16, 17, 18, 21, 22, 23, 24 August, 2, 3, 7 and 8 November 2000 JUDGMENT DATE : 8 February 2001

Warren Aubrey Miles (Plaintiff) Little Caesars Casino Pty Limited as trustee of the White Bay Unit Trust (First Defendant) Kablow Holdings Pty Limited as trustee of the Camvic Trust (Second Defendant) M Cole Investments Pty Ltd as trustee of the M Cole Family Trust (Third Defendant) PARTIES : Pevule Pty Limited as trustee of the Spencer Trust (Fourth Defendant) William Edward Cole (Fifth Defendant) Stephen Edward Manning (Sixth Defendant) Kablow Holdings Pty Limited as trustee of the Miles Settlement (Seventh Defendant) The Outdoor Company Pty Limited as trustee of the Outdoor Company No 1 Trust (Eighth Defendant) JUDGMENT OF : Bergin J

COUNSEL : PM Biscoe QC/C Bevan/M Henry (Plaintiff) FP Carnovale (Third, Fourth Fifth and Sixth Defendants) SOLICITORS : Steingold Abel (Plaintiff) Gillis Delaney Brown (Third, Fourth, Fifth and Sixth Defendants) CATCHWORDS : FIDUCIARY OBLIGATIONS - Nature of fiduciary relationship and nature of breaches of fiduciary duties - Admission during trial that consent would not be argued - Effect of admission. ASSESSMENT OF LOSS - Relevant causal questions - Whether loss suffered. Barns v Hay (1988) 12 NSWLR 337 Beach Petroleum NL v Kennedy & Ors (1999) 48 NSWLR 1 Biala Pty Ltd & Anor v Mallina Holdings Ltd & Ors (1993) 11 ACSR 785 Dempster & Anor v Mallina Holdings Ltd & Anor (1995) 15 ACSR 1 CASES CITED : Maguire v Makaronis (1997) 188 CLR 449 O'Halloran v RT Thomas & Family Pty Ltd (1998) 45 NSWLR 262 Phipps v Boardman (1967) 2 AC 46 Poseidon Ltd v Adelaide Petroleum NL (1994) 120 ALR 16; 68 ALJR 313 Regal (Hastings) Ltd v Gulliver (1967) 2 AC 134 DECISION : Equitable compensation ordered.