Kanivah Holdings P/L v. Holdsworth Properties P/L and Ors [2001] NSWSC 405

Reported Decision : (2001) NSW ConvR 55-985

New South Wales Supreme Court

CITATION : Kanivah Holdings P/L v. Holdsworth Properties P/L and Ors [2001] NSWSC 405 CURRENT JURISDICTION: Equity Division Commercial List FILE NUMBER(S) : SC 50129/99 HEARING DATE(S) : 30 April, 1-3 May 2001 (and later written submissions) JUDGMENT DATE : 21 May 2001

Kanivah Holdings Pty Ltd [ACN 075 802 194] (Plaintiff) PARTIES : Holdsworth Properties Pty Ltd [ACN 058 261 242] (First Defendant) Egans National Valuers (NSW) Pty Ltd (Second Defendant) Keith Norris (Third Defendant) JUDGMENT OF : Palmer J

G. Inatey SC, M.R. Gracie (Plaintiff) COUNSEL : R.C. McDougall QC, S. Ivantsoff (First Defendant) L.P. Robberds QC, C.E. Adamson (Second and Third Defendants) Emerys Law Firm (Plaintiff) SOLICITORS : Minter Ellison (First Defendant) Phillips Fox (Second and Third Defendants) CATCHWORDS : LANDLORD AND TENANT [51] - Determination of rent under review clause of the Lease - principles upon which Court will review. - EVIDENCE [24-29] - Rent determination final and binding - whether determination of the valuer in accordance with the Lease - whether evidence extrinsic to determination itself admissible - conflict of authority in New South Wales - UK decisions and decisions of Queensland and Western Australian Full Courts considered, not followed. Legal & General Life of Australia Ltd v. A. Hudson Pty Ltd (1985) 1 NSWLR 314 Holt v. Cox (1994) 15 ACSR 313; (1997) 23 ACSR 590 Fermentation Industries (Aust) Pty Ltd v. Burns Philp & Co Limited (NSWSC 12 February 1998) Mayne Nickless Ltd v. Solomon [1980] Qd. R. 17 Campbell v. Edwards [1976] 1 All ER 785 Dean v. Prince [1953] 1 Ch 590 Joint Coal Board v. Noone Pty Ltd (12 June 1984, SCNSW) Karenlee Nominees Pty Ltd v. Gollin & Co Ltd [1983] VR 657 Burgess v. Purchase & Sons (Farms) Ltd [1983] 1 Ch 216 Wamo Pty Ltd v. Jewel Foodstores Pty Ltd (1983) 2 BPR 9611 Email Ltd v. Robert Bray (Langwarrin) Pty Ltd [1984] VR 16 CASES CITED : Payce Properties Pty Ltd v. Harrison's Timber Pty Ltd (14 December 1990, SCNSW) Fisons Pty Ltd v. Rostinga Pty Limited (NSWSC 18 April 1991) Horwitz Grahame Books v. Mid-City Centre Pty Ltd (1990) ConvR 55-514 R&A Dally & Co Pty Ltd v. Giex Pty Ltd (No 2) (1991) NSW ConvR 55-605 Ricciardello v. Caltex Oil (Australia) Pty Ltd (WA Supreme Court, 23 April 1991) Strang Patrick Stevedoring Pty Ltd v. James Patrick & Co Pty Ltd (1993) 32 NSWLR 538 Karger v. Paul [1984] VR 161 Re Londonderry's Settlement [1965] Ch 918 Esso Australia Ltd v. Australian Petroleum Agents' & Distributors' Association [1999] 3 VR 642 Morgan Sindall Plc v. Sawston Farms (Cambs) Ltd (English Court of Appeal, 3 December 1998) A. Hudson Pty Ltd v. Legal & General Life of Australia (PC) (1986) 61 ALJR 280 Arenson v. Arenson [1977] AC 405 DECISION : Summons dismissed.