Northern Southern Western Supermarkets Pty Limited (subject to a Deed of Company Arrangement) v HIH Casualty & General Insurance Limited (in Liquidation) & Anor [2002] NSWSC 541

New South Wales Supreme Court

CITATION : Northern Southern Western Supermarkets Pty Limited (subject to a Deed of Company Arrangement) v HIH Casualty & General Insurance Limited (in Liquidation) & Anor [2002] NSWSC 541 FILE NUMBER(S) : SC 50150/00 HEARING DATE(S) : 17/06/02 JUDGMENT DATE : 17 June 2002

Northern Southern Western Supermarkets Pty Limited (subject to a Deed of Company Arrangement) (Plaintiff) PARTIES : HIH Casualty & General Insurance Limited (1st Defendant) Heath Lambert Australia Pty Limited (2nd Defendant) JUDGMENT OF : Einstein J

Mr L Foster SC (Plaintiff) COUNSEL : Ms E Cheeseman (1st Defendant) Mr D Pritchard (2nd Defendant) Withnell Hetherington (Plaintiff) SOLICITORS : Blake Dawson Waldron (1st Defendant) Malleson Stephen Jaques (2nd Defendant) CATCHWORDS : Practice and Procedure - Costs - Security for costs - Funding arrangements - Principles applicable LEGISLATION CITED : Corporations Act 2001 Supreme Court Rules Bell Wholesale Co Pty Limited v Gates Export Corporation (1984) 2 FCR 1 Chartspike Pty Limited (in Liq) v Chahoud [2001] NSWSC 585 Gore v Justice Corporation Pty Limited [2002] FCA 354 Idoport Pty Limited v National Australia Bank [2001] NSWSC 744 K P Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189 CASES CITED : MA Productions Pty Limited v Austaram Television Pty Limited (1982) 7 ACLR 97 Memutu Pty Limited v Lissenden (1983) 8 ACLR 364 National Bank of New Zealand Limited v Donald Export Trading Limited [1980] 1 NZLR 97 Rosenfield Nominees Pty Limited v Bain & Co (1988) 14 ACLR 467 Tulloch v Walker (Yeldham J, 8 December 1987, unreported) Yandil Holdings Pty Limited v Insurance Co of North America (1985) 3 ACLC 542 DECISION : Security for Costs to be ordered; Bank guarantee to be provided; Funders proffer of it's undertaking to the Court not acceptable