Cogent Nominees v Anthony [2003] NSWSC 804

New South Wales Supreme Court

CITATION : Cogent Nominees v Anthony [2003] NSWSC 804 HEARING DATE(S) : 21, 27 August 2003 JUDGMENT DATE : 1 September 2003 JURISDICTION: Equity JUDGMENT OF : Austin J DECISION : Order made to vary existing orders to increase limit on permitted expenditure for legal fees; but application to permit expenditure to be drawn from a specified fund refused.

CATCHWORDS : EQUITY - plaintiffs make proprietary claims against defendants - Court makes Mareva orders against all the assets of two groups of defendants, subject to proviso to permit expenditure on legal and living expenses - Court makes order permitting one group of defendants to deduct legal expenses from fund created by proceeds of sale of asset -order does not protect recipients from plaintiffs' proprietary claims - whether Court should make order permitting other group of defendants to draw on the same fund for legal and living expenses, when those defendants do not claim any interest in the fund Carl-Zeiss-Stiftung v Herbert Smith & Co (a firm) (No 2) [1969] 2 Ch 276 Commissioner of Taxation v Manners and Terrule Pty Ltd (1983) 81 FLR 131 CASES CITED : Finers (a firm) v Miro [1991] 1 All ER 182 PCW (Underwriting Agencies) Ltd v Dixon [1983] 2 All ER 158 Royal Brunei Airlines Sdn Bhd v Tan [1995] 2 AC 378) United Mizrahi Bank v Doherty [1998] 2 All ER 230 Cogent Nominees Pty Ltd (P1) Cogent Investment Operations Pty Ltd (P2) Cogent Securities Pty Ltd (P3) Upil Anthony (D1) Futures Telecom Pty Ltd (D2) Andrew Boyd (D3) PARTIES : Victor Wilden-Constantin (D4) Advantage Telecommunications (Australia) Pty Ltd (D5) Hastings Singh (D6) Dr Siri Kannangara (D7) La Bourse Pty Ltd (D8) Neil Matthew Danson (D9) Dr Angelo Anthony (D10) FILE NUMBER(S) : SC 4735/02 I E Davidson (P) COUNSEL : F Lever SC (D1, D8) G Thomas (D2, D3, D5) Corrs Chambers Westgarth (P) SOLICITORS : Segacious Legal Pty Ltd (D1, D8) Watsons (D2, D3, D5)