Southern Graphtec Systems P/L v Atlantek Australasia P/L [2001] NSWSC 583

New South Wales Supreme Court

CITATION : Southern Graphtec Systems P/L v Atlantek Australasia P/L [2001] NSWSC 583 revised - 12/07/2001 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 1589/01 HEARING DATE(S) : 09/07/01 JUDGMENT DATE : 9 July 2001

PARTIES : Southern Graphtec Systems Pty Limited (ACN 003 559 662) (Plaintiff) Atlantek Australasia Pty Limited (ACN 094 035 382) (Defendant) JUDGMENT OF : Santow J

COUNSEL : M W Young (Plaintiff) D S Mitchell (Solicitor) (Defendant) SOLICITORS : Forshaws Neill (Plaintiff) Ledlin Partners (Defendant) CATCHWORDS : CORPORATIONS — Statutory Demand — Representations relied upon to ground genuine dispute or offsetting claim — Available for former but not latter as damages amount not sufficiently ascertainable given obligation to mitigate loss so should be set at $1. LEGISLATION CITED : Corporations Law s459G Trade Practices Act 1974 (Cth) s87(2)(a) or (b) or (ba) CASES CITED : Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACLC 669 Jesseron Holdings Pty Ltd v Middle East Trading Consultants Pty Ltd (No. 1) (1994) 13 ACSR 455 DECISION : Statutory Demand set aside. Respondent to pay Applicant's costs.

REVISED — 12 July, 2001 IN THE SUPREME COURT OF NEW SOUTH WALES IN EQUITY

SANTOW J

No. 1589/01 Southern Graphtec Systems Pty Limited (ACN 003 559 662) Plaintiff Atlantek Australasia Pty Limited (ACN 094 035 382) Defendant

JUDGMENT — ex tempore 9 July 2001