NSW Caselaw
Reported Decision : (2002) 42 ACSR 1
New South Wales Court of Appeal
CITATION : Wall v Timbertown Community Enterprises Ltd (In Liq) [2002] NSWCA 162 FILE NUMBER(S) : CA 40804/01 HEARING DATE(S) : 30 May 2002 JUDGMENT DATE : 30 May 2002
PARTIES : Peter Vincent Wall (Appellant) Timbertown Community Enterprises Ltd (In Liq) (Respondent) JUDGMENT OF : Stein JA at 52, 57; Giles JA at 56; Heydon JA at 1
LOWER COURT JURISDICTION : Supreme Court - Equity Division LOWER COURT SC 1007/99 FILE NUMBER(S) : LOWER COURT Burchett AJ JUDICIAL OFFICER :
COUNSEL : Mr J M Ireland QC (Appellant) Mr F Gleeson (Respondent) SOLICITORS : Eddy & Moloney (Appellant) Gordon & Johnstone (Respondent) CATCHWORDS : Corporations - directors' duties - duty of care and diligence - Corporations Law s 232(4) - share subscription - business proposal - proposal dependent upon grant of lease by council - grant of lease conditional upon certain subscribed capital - amount of subscribed capital misrepresented to council - whether finding of misrepresentation against appellant at trial erroneous - liability - causation - assuming liability, whether money liability should be increased by way of interest - ND LEGISLATION CITED : Corporations Law Supreme Court Act 1970 DECISION : See paragraph 51
IN THE SUPREME COURT OF NEW SOUTH WALES COURT OF APPEAL CA 40804/01 SC 1007/99
STEIN JA GILES JA HEYDON JA
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