ALVES v PATEL [2002] NSWSC 1057

New South Wales Supreme Court

CITATION : ALVES v PATEL [2002] NSWSC 1057 CURRENT JURISDICTION: Common Law FILE NUMBER(S) : SC 12957/94 HEARING DATE(S) : 12/2/01, 15/2/01, 16/2/01, 19/2/10, 20/2/01, 21/2/01, 22/2/01, 23/2/01, 26/2/01, 27/2/01, 28/2/01, 2/3/01, 5/3/01, 6/3/01, 7/3/01, 8/3/01, 12/3/01, 13/3/01, 14/3/01, 15/3/01, 16/3/01, 19/3/01, 21/3/01, 22/3/01, 1/7/02, 16/8/02 JUDGMENT DATE : 19 December 2002

Manuel Barata Alves (Plaintiff)

PARTIES : v

Praful Patel (Defendant) JUDGMENT OF : Adams J at 1

COUNSEL : Mr John Crumpton QC with Mr John Pender (Plaintiff) Mr Alan Sullivan QC (Defendant) SOLICITORS : Gray & Perkins (Plaintiff) Blake Dawson Waldron (Defendant) CATCHWORDS : Damages - successful businessman - loss of business ability - assessment of loss - profit on sale of successful business - whether should be brought into account Malec v JC Hutton Pty Limited (1990) 169 CLR 638; Norris v Blake (No 2) (1997) 41 NSWLR 49 Husher v Husher & Anor (1999) 197 CLR 138 Medlin v State Government Insurance Commission (1995) 182 CLR 1 CASES CITED : Donellan & Anor v Watson & Anor (1990) 21 NSWLR 335 Perri v Flavell & Anor (No 2) (unreported NSWCA 20 September 1995) Hayden v NRMA Limited & Ors [2001] NSWCA, 445 [31] Wilson v McLeay (1961) 106 CLR 523 Griffiths v Kerkemeyer (1977) 139 CLR 161 DECISION : Judgment and verdict for the plaintiff in the sum of $3,470,172 plus costs; I grant a stay to the defendant in respect of $2,000,000 of the verdict; The balance of $1,470,000 to be paid within 28 days of 20 December 2002; As to the $2,000,000, it is to be invested in accordance with the Undertaking to the court except that the account is to be one that pays interest monthly and that such interest is to be paid to the plaintiff; I give liberty to each party to apply within 7 days; These orders are made subject to further order.