MULTISPAN v PORTLAND (NO 3) [2001] NSWSC 1049

New South Wales Supreme Court

CITATION : MULTISPAN v PORTLAND (NO 3) [2001] NSWSC 1049 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2869/00 HEARING DATE(S) : 30/10/01 JUDGMENT DATE : 16 November 2001

Multispan Constructions No 1 Pty Limited - First Plaintiff Stipo Lovrinovic - Second Plaintiff Vlatko Rasic - Third Plaintiff Mark Komadina - Fourth Plaintiff Stipo Kasalo - Fifth Plaintiff PARTIES : 14 Portland Street Pty Limited - First Defendant CVC Communication & Technology Pty Limited - Second Defendant Broadway Developments Pty Limited - Third Defendant Ronald Charles Dunkley - Fourth Defendant St Helens Broadway Pty Limited - Fifth Defendant Sam Zdrilic - Sixth Defendant Gavin Solomon - Seventh Defendant JUDGMENT OF : Barrett J

Mr M. Komadina (director) - First Plaintiff COUNSEL : Mr A.M. Colefax - First to Third Defendants Mr G.L. Turner - Sixth Defendant SOLICITORS : Coudert Brothers - First to Third Defendants Alan Brown & Company - Sixth Defendant CATCHWORDS : EQUITY - injunctions - Mareva relief following judgment - available to prevent frustration of judgment pending exercise of judgment creditor remedies - not a substitute for execution - not to be form of security - order that assets not be dealt with except in narrowly defined ways or otherwise as allowed by judgment creditor refused Patrick Stevedores Operations No 2 Pty Ltd v Maritime Union of Australia (1998) 195 CLR 1 CASES CITED : Cardile v LED Builders Pty Ltd (1999) 198 CLR 380 Commissioner of State Taxation v Mechold Pty Ltd (1995) 30 ATR 69 Patterson v BTR Engineering Australia Limited (1989) 18 NSWLR 319 DECISION : Sixth defendant's claim for relief refused