NSW Caselaw
Reported Decision : [2001] 11 ANZ Ins Cas 61-505 [2001] ACL Rep 185 NSW 23
New South Wales Court of Appeal
CITATION : HALLIDAY & NICHOLAS v CORSIATTO [2001] NSWCA 188 FILE NUMBER(S) : CA 40648/99 HEARING DATE(S) : 20 June 2001 JUDGMENT DATE : 29 August 2001
HALLIDAY & NICHOLAS INSURANCE BROKERS PTY LTD H & N (NOMINEES) PTY LTD AND PARTIES : HALNIC NOMINEES PTY LTD v STEVEN CORSIATTO and DHB & ASSOCIATES PTY LTD JUDGMENT OF : Spigelman CJ at 1; Handley JA at 2; Heydon JA at 47
LOWER COURT JURISDICTION : Supreme Court - Equity Division LOWER COURT ED 4114/96 FILE NUMBER(S) : LOWER COURT Windeyer J JUDICIAL OFFICER :
Appellants - B A M Connell COUNSEL : Respondents - P W Neil SC/M K Condon Michael Garvin, Solicitor for 1st respondent, Steven Corsiatto Appellants - Shaw McDonald SOLICITORS : Respondent 1 - Uther Webster & Evans Respondent 2 - Leys Law Firm CATCHWORDS : FIDUCIARY DUTY - breach of duty - account of profits - period required to account for - allowance for fiduciary's time and expenses - CONFIDENTIAL information - commercial information - agency - liability of principal - ACCOUNT OF PROFITS - period required to account for - permissible deductions LEGISLATION CITED : Insurance (Agents and Brokers) Act 1984 Australian Woollen Mills Ltd v F.S. Walton & Co Ltd (1937) 58 CLR 641 Robb v Green [1895] 2 QB 1 at 18-19 Warman International Ltd v Dwyer (1995) 182 CLR 544 Personal Representatives of Tang Man Sit v Capacious Investments Ltd [1996] AC 514 Saltman Engineering Co Ltd v Campbell Engineering Co Ltd (1948) 65 RPC 203 Ex parte Aston Investments Pty Ltd v Hall (1959) 60 SR (NSW) 620 CASES CITED: Argyll v Argyll [1967] 1 Ch 302, 333 Talbot v General TV Corp Pty Limited [1980] VR 224 G v Day [1982] 1 NSWLR 24 Malone v Metropolitan Police Commissioner [1979] Ch 344 Blackburn, Low & Co v Vigors (1887) 12 App Cas 531 Peter Pan Manufacturing Corporation v Corsets Silhouette Ltd [1964] 1 WLR 96 Talbot v General TV Corp Pty Limited [1980] VR 224 Dart Industries Inc v Decor Corporation Pty Limited (1993) 179 CLR 101 DECISION : Appeal allowed. Orders made
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