NSW Caselaw
New South Wales Supreme Court
CITATION : Hugh Morrow & Ors v Chinadotcom Corporation & Ors [2001] NSWSC 193 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 1690/2001 HEARING DATE(S) : 12 and 15 March 2001 JUDGMENT DATE : 23 March 2001
Hugh Morrow (First Plaintiff) Think New Media Pty Limited (Second Plaintiff) Parree Pty Ltd (Third Plaintiff) PARTIES : G Thomas Nominees Pty Ltd (Fourth Plaintiff) Chinadotcom Corporation (First Defendant) The Persons Identified in Schedule A of the Summons Trading as Ernst & Young (Second Defendant) XT3 Pty Limited (Third Defendant) JUDGMENT OF : Bergin J
T Castle (Plaintiffs) COUNSEL : RBS MacFarlan QC/ Dr AS Bell (First Defendant) C Moore (Second Defendant)
Atanaskovic Hartnell (Plaintiffs) SOLICITORS : Allen, Allen & Hemsley (First Defendant) Clayton Utz (Second Defendant) CATCHWORDS : Application for costs of Notices of Motion. DECISION : See paragraphs 25 and 26.
THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION
BERGIN J
DATE: FRIDAY 23 MARCH 2001
1690 of 2001 - HUGH MORROW & ORS v CHINADOTCOM CORPORATION & ORS
JUDGMENT
1 This matter was commenced on 7 March 2001 when the plaintiff was granted leave by Santow J to file a Summons and Notice of Motion returnable before me in the Duty List on 12 March 2001.
Nature of the Proceedings 2 The plaintiffs are directors of the third defendant XT3 Pty Ltd (XT3). XT3 entered into a Stock Purchase Agreement (the Agreement) with the second defendant Chinadotcom Corporation (CC) in May 2000. The Agreement was amended on about 5 September 2000 (the Amended Agreement). 3 The Amended Agreement provides a mechanism for acquisition by CC of the plaintiffs' shares in XT3. Part of that mechanism is the delivery of an Accountant's Report to CC in respect of revenues of XT3 (the Report). The payment by CC for such acquisition is to be made within a certain period after the delivery of the Report. The Accountants are the second defendants in the proceedings, the persons identified in the Schedule to the pleadings trading as Ernst & Young (Ernst & Young).
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate