Panton v Bruce Leonard Bailey t/as Saccasan Bailey Partners & 2 Ors [2002] NSWSC 1012

New South Wales Supreme Court

CITATION : Panton v Bruce Leonard Bailey t/as Saccasan Bailey Partners & 2 Ors [2002] NSWSC 1012 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 5534/01 HEARING DATE(S) : 22 October 2002 JUDGMENT DATE : 30 October 2002

PARTIES : Bernard John Panton - Plaintiff Bruce Leonard Bailey t/as Saccasan Bailey Partners - Defendant JUDGMENT OF : Acting Master Berecry

COUNSEL : Plaintiff: David L. Williams and Ivan L. Griscti Defendants: Robert Dubler SOLICITORS : Plaintiff: John R Quinn & Co Defendants: Phillips Fox CATCHWORDS : Strike out Pt 15 r 26 - General Steel test - lack of certain material facts - curable - demonstrated arguable cause of action - Negligent misstatement - Esanda test - proximity - misstatement to a third party - causal link - Fiduciary duty - defendant acts for two clients, separate interests - possible conflict - position of trust - arguable that duty arises - S42 Fair Trading Act - misleading or deceptive conduct - damages arise where party influenced by another - acts in reliance of misrepresentation - intention to mislead not a material fact - causal connection between conduct and loss LEGISLATION CITED : Fair Trading Act 1987 Trade Practices Act 1974 (Cth) Esanda Finance Corporation Limited v Peat Marwick Hungerfords (1995-97) 188 CLR 241 ABCOS v Jones (1997) 150 ALR488 Ultramares Corporation v Touche (1931) 174 NE 441 Hedley Byrne Co Ltd v Heller and Partners Ltd [1964] AC 465 Caparo Industries Plc v Dickman [1990] 2 AC 605 Byron v Mahoney (1994-95) 182 CLR 609 Hospital Products Limited v United Surgical Corporation (1984) 156 CLR 41 Janssen-Cilag Pty Ltd v Pfizer Pty Ltd (1992) 37 FCR 526 CASES CITED : Kabwand Pty Limited v National Australia Bank Limited (1989) ATPR 40-950 Wadley Australia Limited & Anor v The State of Western Australia (1992) 175 CLR 514 Mackman v Stengold Pty Ltd (1991) 13 ATPR 52-627 Pappas & Anor v Soulac Pty Ltd & Anor (1983) ATPR 40-411 Hornsby Building Information Centre Pty Limited & Anor v Sydney Building Information Centre Limited (1978) ATPR 40-067 Wentworth v Rogers (No5) (1986) 6 NSWLR 534 General Steel Industries Inc v commissioner for Railways (NSW) (1964) 112 CLR 125 Republic of Peru v Peruvian Guano Company (1887) 36 Chancery Div 489 Agar v Hyde (2001) 210 CLR 552 Penthouse Publications Ltd v McWilliam (unreported NSWCA, 14 March 1991) DECISION : see para 49