Provident Capital Ltd v Hazaran Pty Ltd & Michael Petrovic Lenin [2002] NSWSC 825

New South Wales Supreme Court

CITATION : Provident Capital Ltd v Hazaran Pty Ltd & Michael Petrovic Lenin [2002] NSWSC 825 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 2355/02 HEARING DATE(S) : 7 and 8 November 2002 JUDGMENT DATE : 8 November 2002

Provident Capital Ltd (Plaintiff/Respondent) PARTIES : Hazaran Pty Ltd (First Defendant) Michael Petrovic Lenin (Second Defendant/Applicant) JUDGMENT OF : Bergin J

F M Douglas QC leading M Darke (Plaintiff/Respondent) COUNSEL : L Aitken (First Defendant) M Walton SC leading Dr AS Bell (Second Defendant/Applicant) Hunt & Hunt (Plaintiff/Respondent) SOLICITORS : Horowitz & Bilinsky (First Defendant) Phillips Fox (Second Defendant/Applicant) CATCHWORDS : Agreement reached between parties to application for leave to appeal - Agreement contained an undertaking to the Court - Agreement contained in Orders of the Court - Application to vary or abandon agreement and to replace it with a different undertaking based on circumstances created by a third party alleged to be circumstances that could not have been contemplated. LEGISLATION CITED : Supreme Court Act 1970 (NSW) Adam P. Brown Male Fashion Pty Ltd v Philip Morris Incorporated & Anor (1981) 148 CLR 170 Fylas Pty Ltd v Vynal Pty Ltd (1992) 2 Qd R 593 Hutchinson v Nominal Defendant [1972] 1 NSWLR 443 CASES CITED : Industrial Rollformers Pty Ltd v Ingersoll-Rand (Australia) Ltd (No 2) [2001] NSWCA 455 Morgan v 45 Flers Avenue Pty Ltd (1987) 11 NSWLR 573 Paino v Hofbauer (1988) 13 NSWLR 193 Permanent Trustee Co (Canberra) Ltd v Stocks & Holdings (Canberra) Pty Ltd (1976) 28 FLR 195 DECISION : Motion dismissed.