Lo Presti v Karabalios [2000] NSWSC 395

New South Wales Supreme Court

CITATION : Lo Presti v Karabalios [2000] NSWSC 395 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 1597/96 HEARING DATE(S) : 2 September 1999 JUDGMENT DATE : 15 May 2000

Charles Lo Presti Pty Limited (P) PARTIES : George Karabalios (D1) Eastside Real Estate Pty Limited (D2) JUDGMENT OF : Austin J

COUNSEL : S Reuben (P) F Donohoe (D) SOLICITORS : Denes Ebner (P) Lenehan & Co (D) CATCHWORDS : EQUITY - equitable remedies - equitable compensation - principles as to causation - APPEALS - trial judge finds breach of contract and refers proceedings to Master for assessment of damages - whether it was open to Master to award equitable compensation for breach of fiduciary duty Abalos v Australian Postal Commission (1990) 171 CLR 167 Angus & Coote Pty Ltd v Render (1989) 16 IPR 387 Aquaculture Corp v New Zealand Green Mussel Co Ltd [1990] 3 NZLR 299 Brickenden v London Loan & Savings Co [1934] 3 DLR 465 Colour Control Centre Pty Ltd v Ty (unreported, 24 July 1995) Devries v Australian National Railways Commission (1993) 177 CLR 472 Green v Bestobell Industries Pty Ltd [1982] WAR 1 Hospital Products Ltd v US Surgical Corporation (1984) 156 CLR 41 CASES CITED : Maguire v Makaronis (1997) 188 CLR 449 Nocton v Lord Ashburton [1914] AC 932 O'Halloran v R T Thomas & Family Pty Ltd (1998) 45 NSWLR 262 Paterson v Paterson (1953) 89 CLR 212 Purkess v Crittenden (1965) 114 CLR 164 Re Dawson [1966] 2 NSWR 211 Schindler Lifts Australia Pty Ltd v Debelak (1989) 89 ALR 275 Seager v Copydex Ltd (No 2) [1969] 1 WLR 809 Target Holdings Ltd v Redferns [1996] 1 AC 421 Timber Engineering Co Pty Ltd v Anderson [1980] 2 NSWLR 488 DECISION : Appeal and cross-appeal dismissed