LMI v Baulderstone (No 2) [2002] NSWSC 72

New South Wales Supreme Court

CITATION : LMI v Baulderstone (No 2) [2002] NSWSC 72 CURRENT JURISDICTION: Equity Division Commercial List FILE NUMBER(S) : SC 50023/00 HEARING DATE(S) : 31/10/01 Written submissions 07/12/01; 11/12/01 JUDGMENT DATE : 22 February 2002

LMI Australasia Pty Limited - First Plaintiff LMI/HHI Limited - Second Plaintiff PARTIES : Baulderstone Hornibrook Pty Limited - First Defendant Docklands Stadium Consortium Pty Limited - Second Defendant Baulderstone Hornibrook International Pty Limited - Third Defendant JUDGMENT OF : Barrett J

COUNSEL : Mr A.J. Sullivan QC/Mr R.J. Weber - Plaintiffs Mr R.B.S. Macfarlan QC/Mr P. Santamaria - Defendants SOLICITORS : Moray & Agnew - Plaintiffs Gadens - Defendants CATCHWORDS : DAMAGES - assessment of damages for breach of contract - present value of future income stream - PROCEDURE - costs - where each side enjoyed success - where "overall winner's" success as plaintiff confined to minor claim and defendants otherwise enjoyed substantial success - apportionment of costs - costs orders in favour of both parties - indemnity costs not awarded despite Calderbank letter Air Express Ltd v Ansett Transport Industries (Operations) Pty Ltd (1981) 146 CLR 249 Associated Confectionery (Aust) Ltd v Mineral and Chemical Traders Ltd (1991) 25 NSWLR 349 Beregold Pty Ltd v Mitsopoulos (unreported, NSWSC, Cole J, 20 November 1992) Dodds Family Investments Pty Ltd v Lane Industries Pty Ltd (1993) 26 IPR 261 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (No 3) (1998) 30 ACSR 20 Fink v Fink (1946) 74 CLR 127 Hughes v Western Australian Cricket Association (1986) ATPR 40-748 Hungerfords v Walker (1989) 171 CLR 125 Johnson v Perez (1988) 166 CLR 351 Madden v McConnell [2001] NSWSC 1051 CASES CITED : Mallett v McMonagle [1970] AC 166 Mok v Minister for Immigration (No 2) (1993) 47 FCR 81 Nobrega v Trustees of the Roman Catholic Church for the Archdiocese of Sydney (No 2) [1999] NSWCA 133 Permanent Trustee Aust Ltd v FAI General Insurance Co Ltd (unreported, NSWSC, 3 June 1998) Robert v Collier's Bulk Liquid Transport Pty Ltd [1959] VR 280 Rolls Royce Industrial Power (Pacific) Ltd v James Hardie & Coy Pty Ltd [2001] NSWSC 461 Rosniak v Government Insurance Office (1997) 41 NSWLR 608 Sanko Steamship Co Ltd v Sumitomo Australia Ltd (unreported, FCA, 19 December 1995) Waters v P C Henderson (Australia) Pty Ltd (unreported, NSWCA, 6 July 1994) Westpac Banking Corporation v Tanzone Pty Ltd [2000] NSWCA 77 Williamson v Commissioner for Railways (1960) 60 SR (NSW) 252 DECISION : Refer to Paragraph 57