BL & GY International Co Ltd v Hypec Electronics Pty Limited and 2 others [2002] NSWSC 38

New South Wales Supreme Court

CITATION : BL & GY International Co Ltd v Hypec Electronics Pty Limited and 2 others [2002] NSWSC 38 CURRENT JURISDICTION: Common Law FILE NUMBER(S) : SC 12674/97 HEARING DATE(S) : 5.11.01, 6.11.01, 7.11.01, 8.11.01, 9.11.01, 12.11.01, 13.11.01, 14.11.01, 15.11.01, 16.11.01, 19.11.01, 20.11.01, 21.11.01, 23.11.01, 26.11.01 JUDGMENT DATE : 14 February 2002

BL & GY International Co Limited - Plaintiff PARTIES : Hypec Electronics Pty Limited - First Defendant Colin Mead - Second Defendant Lucy Guitar Mead -Third Defendant JUDGMENT OF : Mathews AJ

Mr P Graham QC with Mr S Bell - Plaintiff and Grace Yang COUNSEL : Mr D Fagan SC and Mr M Holmes QC with Mr V V Bedrossian - First and Second Defendant

Mr Ian B Mitchell - Plaintiff SOLICITORS : Etheringtons Solicitors - First and Second Defendants Mr H Byrne - Third Defendant LEGISLATION CITED : Corporations Law Corporations Act 2001 Wakim (1999) 198 CLR 511 CASES CITED : Browne v Dunn (1894) The Reports 67 Allied Pastoral Holdings Pty Limited v Commissioner of Taxation (1983) 1 NSWLR Briginshaw v Briginshaw (1938) 60 CLR DECISION : 1. Verdict for the first and second defendants on the plaintiff's claim; 2. Judgment entered against the third defendant on 6 January 1998 set aside. In lieu thereof verdict for the third defendant on the plaintiff's claim ; 3. Verdict for each of the cross-defendants on the cross-claim; 4. Costs reserved