Youyang v Alexander [2000] NSWSC 698

New South Wales Supreme Court

CITATION : Youyang v Alexander [2000] NSWSC 698 CURRENT JURISDICTION: Civil FILE NUMBER(S) : SC 50083/99 HEARING DATE(S) : 28/06/00, 29/06/00 JUDGMENT DATE : 20 July 2000

PARTIES : Youyang Pty Limited as Trustee of The Bill Hayward Discretionary Trust - Plaintiff Charles Delius Somerville Alexander and Others trading as Minter Ellison - Defendants JUDGMENT OF : Brownie AJ at 1

COUNSEL : Mr A.S. Martin SC - Plaintiff Mr I.M. Jackman/Mr T.M. Faulkner - Defendants SOLICITORS : Carneys - Plaintiff Mallesons Stephen Jaques - Defendants CATCHWORDS : No question of principle Fair Trading Act 1985 LEGISLATION CITED : Trade Practices Act 1974 (Cth) Wrongs Act 1950 (Victoria) Re Dawson; Union Fidelity Trustee Company Limited v Perpetual Trustee Company Limited [1966] 2 NSWR 211 at 215 Target Holdings Limited v Redferns [1996] 1 AC 421 at 435, 436 O'Halloran v R.T. Thomas & Family Pty Limited (1998) 45 NSWLR 262 at 273-278 Wilkinson v Feldworth Financial Services Pty Limited (1998) 29 ACSR 642 at 752-754, 755-757 CASES CITED : In Re Lewis; Lewis v Lewis [1904] 2 Ch 656 Hawkins v Clayton (1988) 164 CLR 539 at 553 Hedergen v Federal Commissioner of Taxation (1988) 84 akr 271 AT 281 Harmer v Federal Commissioner of Taxation (198o9) 91 ALR 550 at 559 Medlin v State Government Insurance Corporation (1995) 182 CLR 1 at 6-7 Marks v GIO Australia Holdings Limited (1998) 196 CLR 494 at 513-514 DECISION : The plaintiff is entitled to judgment, for equitable compensation, in an amount which will yield $500,000 on 24 September 2003. I will adjourn the case for a short time for the plaintiff to bring in Short Minutes of Order giving effect to these reasons for judgment. The defendants should pay the plaintiff's costs.