NSW Caselaw
Reported Decision : 40 ACSR 619
New South Wales Supreme Court
CITATION : Shum Yip Properties v Chatswood Investment & Development [2002] NSWSC 13 revised - 1/03/2002 CURRENT JURISDICTION: Equity FILE NUMBER(S) : SC 4959/99 HEARING DATE(S) : 6, 7, 8 & 9 February, 14, 15 & 16 May, 5 & 6 July and 3 August 2001 JUDGMENT DATE : 12 February 2002
Shum Yip Properties Development Ltd (P) PARTIES : Chatswood Investment and Development Co Pty Ltd (D1) Rosanna Wong (aka Rosanna Ngan) (D2) Rolle Pty Ltd (D3) JUDGMENT OF : Austin J
COUNSEL : R Kaye & R Glasson (P) M G Scheib (D) SOLICITORS : Lazarus Smith Lawyers (P) Crichton-Browne Crossley (D) CATCHWORDS : CORPORATIONS - winding up on just and equitable ground and for oppression - relief for oppressive conduct - minority shareholder is foreign, majority shareholder/director fails to provide information and to hold meetings and misuses company funds for unauthorised travel and other expenses - EQUITY - joint venture agreement - fiduciary duties - breach of duty - remedies Aequitas Ltd v Sparad No 100 Ltd [2001] NSWSC 14 Bagot Well Pastoral Co Pty Ltd v Reid (1993) 12 ACSR 197 Biala v Mallina (1993) 11 ACSR 785 Cadwallader v Bajco Pty Ltd [2001] NSWSC 1193 Commonwealth of Australia v SCI Operations Pty Ltd (1998) 192 CLR 285 Fabre v Arenales (1992) 27 NSWLR 437 Foss v Harbottle (1843) 2 Hare 461 Glazier Holdings Pty Ltd v Australian Means Health Pty Ltd (No 2) [2000] NSWSC 6 Hospitality Group Pty Ltd v Australian Rugby Union Ltd (2001) ATPR 41-831 Jenkins v Enterprise Gold Mines NL (1992) 6 ACSR 539 Jones v Dunkel (1959) 101 CLR 298 CASES CITED : John J Starr (Real Estate) Pty Ltd v Andrew (Australasia) Pty Ltd (1991) 6 ACSR 63 Karam v Australia and New Zealand Banking Group Ltd (2000) 34 ACSR 545 Kizquari Pty Ltd v Prestoo Pty Ltd (1993) 10 ACSR 606 Martin v Australian Squash Club Pty Ltd (1996) 14 ACLC 452 Norton v Lord Ashburton [1914] AC 932 Payne v Parker [1976] 1 NSWLR 191 Re Back 2 Bay 6 Pty Ltd (1994) 12 ACSR 614 Roberts v Walter Developments Pty Ltd (1992) 10 ACLC 804 Sanford v Sanford Courier Service Pty Ltd (1986) 10 ACLR 549; Target Holdings Ltd v Redferns [1996] 1 AC 421 Warman International Ltd v Dwyer (1995) 182 CLR 544 Westdeutsche Landesbank Girozentrale v Islington London Borough Council [1996] AC 669 DECISION : See under heading 'Conclusions'
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