McEwen v Combined Coast Cranes Pty Ltd [2002] NSWSC 1227

Reported Decision : 44 ACSR 244

New South Wales Supreme Court

CITATION : McEwen v Combined Coast Cranes Pty Ltd [2002] NSWSC 1227 CURRENT JURISDICTION: Equity Division Corporations List FILE NUMBER(S) : SC 2924/01 HEARING DATE(S) : 2 & 3 December 2002 JUDGMENT DATE : 20 December 2002

David Alan McEwen (P1) Permsit Pty Limited (P2) Combined Coast Cranes Pty Limited (D1) Trevor John Troy (D2) PARTIES : Terry Ronald Pearce (D3) Ronald Thomas Pearce (D4) Wyong Crane Services Pty Limited (D5) Abbatroy Pty Limited (D6) Tuggerah Lakes Cranes Pty Limited (D7)

JUDGMENT OF : Young CJ in Eq

COUNSEL : H Packer (P) M J Cohen (D) SOLICITORS : Finn Roache (P) Yandell Wright Stell (D) CATCHWORDS : CORPORATIONS [34]- Oppression- Service company trustee of unit trust- Minor breaches of duty by directors- Failure to observe pre-emption provisions- Remedy available to plaintiff in compulsory buy-out provisions of trust deed- No order made. LEGISLATION CITED : Corporations Act 2001, ss 232, 233 Bath v Standard Land Co Ltd [1911] 1 Ch 618 Felton v Mulligan (1971) 124 CLR 367 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (1998) 28 ACSR 688; on appeal (2001) 37 ACSR 672 Glandon Pty Ltd v Strata Consolidated Pty Ltd (No 3) (Young J, 4.6.1990) Hurley v BGH Nominees Pty Ltd (1982) 1 ACLC 387 CASES CITED : In re Wondoflex Textiles Pty Ltd [1951] VLR 458 Kizquari Pty Ltd v Prestoo Pty Ltd (1993) 10 ACSR 606 Moorgate Tobacco Co Ltd v Philip Morris Ltd (1980) 145 CLR 457 Re James [1949] SASR 143 Re Polyresins Pty Ltd (1998) 145 FLR 141 Re Wakim (1999) 198 CLR 511 DECISION : Proceedings to be dismissed with no order as to costs.