Walker & Anor v ANZ (No.2) [2001] NSWSC 806

(2001) 39 ACSR 557 Reported Decision : [2001] NSWSC 806 [2001] ACL Rep 185 NSW 30

New South Wales Supreme Court

CITATION : Walker & Anor v ANZ (No.2) [2001] NSWSC 806 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 3507/01 HEARING DATE(S) : 7 September 2001 JUDGMENT DATE : 12 September 2001

Peter Murray Walker and Steven John Sherman as voluntary liquidators of One.Tel Limited (Administrators Appointed) (P1) PARTIES : One.Tel Limited (Administrators Appointed) (P2) Australian & New Zealand Banking Group Limited (D) JUDGMENT OF : Austin J

COUNSEL : T E F Hughes QC with D Pritchard (P1 & P2) A Sullivan QC with R J Weber (D) SOLICITORS : Clayton Utz (P1 & P2) Blake Dawson Waldron (D) CATCHWORDS : EQUITY - equitable remedies - interlocutory injunction - whether decision on interlocutory applicatoin will substantially determine the dispute - whether serious question to be tried on breach of contract and unconscionability grounds - balance of convenience where customers' rights and interests are involved - whether it is appropriate for court to impose 'commercial' solution between parties LEGISLATION CITED : Australian Securities and Investments Commission Act (2001) (Cth) ss 12CA, 12CB Trade Practices Act 1974 (Cth) ss 51AA, 51AB, 51AC Alcatel Australia Ltd v Scarcella (1998) 44 NSWLR 349 American Cyanamid Co v Ethicon Ltd [1975] AC 396 BP Refinery (Westernport) v Hastings Shire Council (1977) 180 CLR 266 Brambles Holdings Limited v Bathurst City Council [2001] NSWCA 61 (23 March 2001) Burger King Corp v Hungry Jack's Pty Ltd [2001] NSWCA 187 CASES CITED : Codelfa Construction Pty Ltd v State Rail Authority of NSW (1982) 149 CLR 337 Garry Rogers Motors (Aust) Pty Ltd v Subaru( Aust) Pty Ltd (1999) ATPR 41-703 Kolback Securities Ltd v Epoch Mining NL (1987) 8 NSWLR 533 Lubrano v Gollin (1919) 27 CLR 115 Pierce Bell Sales v Frazer (1993) 130 CLR 575 Taylor v Town and Country Planning Board (1973) 29 LGRA 367 DECISION : Application for interlocutory relief denied