TANG v BONGREEN [2003] NSWSC 824

Reported Decision : 47 ACSR 400

New South Wales Supreme Court

CITATION : TANG v BONGREEN [2003] NSWSC 824 revised - 15/09/2003 HEARING DATE(S) : 1 September 2003 JUDGMENT DATE : 10 September 2003

JUDGMENT OF : McDougall J at 1 DECISION : (1) Order that the originating process filed 8 August 2003 be dismissed. (2) Order the second and third defendants to pay the plaintiff's costs of that originating process.

CATCHWORDS : CORPORATIONS - injunctions - right of shareholder to request general meeting under s249D Corporations Act - whether shareholding is a "sham" - whether restraint would change rather than preserve status quo - effect of applicants' complicity in alleged "sham" on "clean hands" - whether binding agreement that plantiff would not intervene in management of the company - whether applicants should have relief under s 1322(4)(d) LEGISLATION CITED : Corporations Act 2001 Paringa Mining and Exploration Co plc v North Flinders Mines Ltd & Ors (1988) 14 ACLR 587 Carr Boyd Minerals Limited v Ashton Mining Limited (1989) 15 ACLR 599 Esanda Limited v Burgess (1984) 2 NSWLR 139 Boydell v James (1936) 36 SR (NSW) 620 CASES CITED : Perpetual Trustee Co [Ltd] v Bligh (1940) 41 SR (NSW) 33 Hawke v Edwards (1947) 48 SR (NSW) 21 Thomas Brown & Sons Limited v Fazal Deen (1962) 108 CLR 391 Carney v Herbert (1984) 3 NSWLR 85 Dering v Earl of Winchelsea (1787) 1 Cox 318; 29 ER 1184 Black Uhlans Inc v NSW Crime Commission [2002] NSW SC 1060 Sau-Ying Tang (Plaintiff) PARTIES : Bongreen Pty Ltd (Defendant 1) Tom (Shao Tang) Liu (Defendant 2) Xiao Ming Liu (Defendant 3) FILE NUMBER(S) : SC 2307/03 COUNSEL : Plaintiff - J M White Second and Third Defendants - M Broun QC SOLICITORS : Plaintiff - Rutland's Law Firm Second and Third Defendants - William Chan and Co