Charles Delius Somerville Alexander and Ors (t/as Minter Ellison) v Perpetual Trustees WA Limited and Anor (No. 2) [2002] NSWCA 101

New South Wales Court of Appeal

CITATION : Charles Delius Somerville Alexander and Ors (t/as Minter Ellison) v Perpetual Trustees WA Limited and Anor (No. 2) [2002] NSWCA 101 FILE NUMBER(S) : CA 40067/00 HEARING DATE(S) : Submissions on the papers JUDGMENT DATE : 15 April 2002

Charles Delius Somerville Alexander and Ors (t/as Minter Ellison) (Appellants) PARTIES : Perpetual Trustees WA Limited (First Respondent) Perpetual Trustee Company Limited (Second Respondent) JUDGMENT OF : Stein JA at 1; Davies AJA at 20; Ipp AJA at 29

LOWER COURT JURISDICTION : Supreme Court LOWER COURT SC 50230/97 FILE NUMBER(S) : LOWER COURT Rolfe J JUDICIAL OFFICER :

COUNSEL : M A Pembroke SC/I M Jackman/T M Faulkner (Appellants) S Robb QC/J Simpkins SC (Respondents) SOLICITORS : Mallesons Stephen Jaques (Appellants) Phillips Fox (Respondents) CATCHWORDS : NOTICE OF MOTION - Wrongs Act 1958 (Vic), s 23B - whether court should provide supplementary reasons for judgment - EQUITY - trust - breach of trust - whether beneficiaries have a right of action to recover compensation against a third party - ND LEGISLATION CITED : Law Reform (Miscellaneous Provisions) Act 1946, s 5(1)(c), s 5(2) Wrongs Act 1958 (Vic), s 23A, s 23B, s 24 BP Petroleum Development Ltd v Esso Petroleum Co Ltd [1987] SLT 345 BT Australia Ltd v Raine & Horne Pty Ltd [1983] 3 NSWLR 221 Caledonian Railway Co v Colt (1860) 3 Macq 833 Cockburn v GIO Finance Ltd [2001] NSWCA 177 CASES CITED: Charles Delius Somerville Alexander and Ors (t/as Minter Ellison) v Perpetual Trustees WA Limited (ACN 008 666 886) and Perpetual Trustee Company Limited (ACN 000 001 007) [2001] NSWCA 240 Hayim v Citibank NA [1987] AC 730 Rolls Royce Industrial Power (Pacific) Limited v James Hardie & Co Pty Ltd [2001] NSWCA 461 Royal Brunei Airlines SDN v Ming [1995] 2 AC 378 Scholefield Goodman & Sons Ltd v Zyngier [1986] AC 562 Street v Retravision (NSW) Pty Ltd (1995) 56 FCR 588 DECISION : Order that appeal dismissed with costs confirmed