Parras & Ors v FAI General Insurance Company Ltd (Prov Liq apptd) [2001] NSWSC 1077

Reported Decision : (2003) NSWConvR 56-037

New South Wales Supreme Court

CITATION : Parras & Ors v FAI General Insurance Company Ltd (Prov Liq apptd) [2001] NSWSC 1077 revised - 30/11/2001 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 2775/01 HEARING DATE(S) : 05/07/01, 06/07/01, 10/07/01, 23/07/01, 02/08/01 JUDGMENT DATE : 23 November 2001

Michael Alfred Parras and Daphne Maria Parras (First Plaintiffs) PARTIES : Constantine Nicholas Savas and Elizabeth Savas (Second Plaintiffs) FAI General Insurance Company Ltd (Provisional Liquidator appointed) (ACN 000 327 855) (Defendant) JUDGMENT OF : Santow J

COUNSEL : A W Street, SC/ S Kaur-Bains (Plaintiffs) B A J Coles, QC/ R G McHugh (Defendant) SOLICITORS : A C Comino & Associates (Plaintiffs) Abbott Tout (Defendant) CATCHWORDS : PROPERTY - Lease - Option to exercise - Notice - Was option validly exercised in accordance with its terms - Section 170 of Conveyancing Act 1900 with respect to service of notice - Section 76-7 of the Interpretation Act (NSW) 1987 - posting notice to a company - Construction of lease. LEGISLATION CITED : Conveyancing Act 1919 (NSW) s170 Alexander v Stocks and Holdings Limited [1975] VR 843 Bressan v Squires [1974] 2 NSWLR 460 Burrell v Cameron (SCNSW, Windeyer J, 4 April 1997, unreported) Capper v Thorpe (1998) 194 CLR 342 Carradine Properties Ltd v Aslam [1976] 1 WLR 442 Canon Brewery Co Limited v Signal Press Limited (1928) 139 LT 384 Curtice v London City and Midland Bank Limited [1908] 1 KB 293 Diakogiannis v Johnson (1989) NSWConR 55?472 Eaglehill Limited v J Needham Builders Limited [1973] AC 992 Gilbert J McCaul (Aust) Pty Ltd v Pitt Club Ltd (1959) 59 SR(NSW) 122 Helby v Matthews [1895] AC 471 Hillier v Goodfellow [1988] VicConvR 54?310 Holwell Securities Ltd v Hughes [1974] 1 WLR 155 In Re 88 Berkely Road NW9 [1971] 1 Ch 648 In re McGrath; Ex parte Official Receiver (1890) 24 QBD 466 Integrated Computer Services Pty Limited v Digital Equipment Corp (Aust) Pty Ltd (1988) 5 BPR 97326 CASES CITED : Kodros Shipping Corporation of Monrovia v Empresa Cubana De Fletes (The Evia) (No2) [1983] 1 AC 736 Latec Finance Pty Limited v Knight [1969] 2 NSWR 79 Laybutt v Amoco Australia Pty Limited (1974) 132 CLR 57 Lollypops (Harbourside) Pty Limited v Werncog Pty Limited (1998) 9 BPR 16,361 Mannai Limited v Eagle Star Association Company Ltd [1997] 2 WLR 945 National Mutual Life v Windsor (1991) 28 FCR 214 NM Superannuation Pty Limited v Hughes & Ors (1992) 10 ACLC 477 N V Stoom Maats de Maas v Nippon Yusen Kaisha (The Pendrecht) [1980] 2 Lloyd's Rep 56 Oscar's Town Centre Restaurant Pty Limited v Port Shores Pty Limited (1987) NSWConvR 55?331 Rex v Westminster Unions Assessment Committee [1917] 1 KB 832 Spiro v Glencrown Properties Limited [1991] Ch 537 Tenax Steamship Co Limited v The Brimnes (Owners) [1975] 1 QB 929 Tricontinental Corporation Ltd v HDFI Ltd (1990) 21 NSWLR 689 Tonitto v Bassal (1992) 28 NSWLR 564 Wallville Pty Ltd v Liristis Holdings Pty Limited ([2001] NSWSC 894 Bryson J, 16 October 2001, unreported) Young v Lamb ([2001] NSWCA 225, 13 July 2001, unreported) DECISION : Option validly exercised.