Citibank Limited v. Papandony & Anor. [2002] NSWCA 375

New South Wales Court of Appeal

CITATION : Citibank Limited v. Papandony & Anor. [2002] NSWCA 375 FILE NUMBER(S) : CA 40685/02 HEARING DATE(S) : 1 November 2002 JUDGMENT DATE : 21 November 2002

Citibank Limited - appellant PARTIES : Steven Papandony - 1st respondent Gannemon Pty. Limited - 2nd respondent JUDGMENT OF : Meagher JA at 1; Heydon JA at 2; Hodgson JA at 3

LOWER COURT JURISDICTION : Supreme Court - Equity Division LOWER COURT SC 50148/01 FILE NUMBER(S) : LOWER COURT Gzell J JUDICIAL OFFICER :

COUNSEL : Mr. P.M. Wood for appellant Mr. B. McClintock SC with Ms. K. Traill for respondents SOLICITORS : Coudert Brothers, Sydney for appellant Christopher Levingston & Associates, Sydney for respondents CATCHWORDS : BANKING - BILLS OF EXCHANGE - Cheques - Conversion - Drawing procured by fraud - No concluded contract - Drawer remains true owner and entitled to immediate possession. LEGISLATION CITED : Cheques Act 1986 (Cth), s.95(1) Associated Midland Corporation Ltd. v. Bank of New South Wales [1983] 1 NSWLR 533 Australian Guarantee Corporation Ltd. v. State Bank of Victoria [1989] VR 617 Bavins v. London & South Western Bank Ltd. [1900] 1 QB 270 Bute (Marquess) v. Barclays Bank Ltd. [1956] 1 QB 202 Hunter BNZ Finance Ltd. v. ANZ Banking Group Ltd. [1990] VR 41 CASES CITED: Hunter BNZ Finance Ltd. v. C.G. Maloney Pty. Ltd. (1988) 18 NSWLR 420 Midland Bank PLC v. Brown Shipley & Co. Ltd. [1991] 1 Lloyds LR 576 Orix Australia Corporation Ltd. v. M. Wright Hotel Refrigeration Pty. Ltd. (2000) 155 FLR 267 Pioneer Construction Material Pty. Ltd. v. Millsom [2002] NSWCA 258 Shirlaw v. Lewis (1993) 10 ACSR 288 Tate v. The Wilks & Dorset Bank Ltd. (1899) Vol 1 Legal Decisions Affecting Bankers 286 DECISION : Appeal dismissed with costs. Application for leave to appeal refused with costs.