Impact Traders Pty Ltd v Australia and New Zealand Banking Group Limited [2003] NSWSC 964

New South Wales Supreme Court

CITATION : Impact Traders Pty Ltd v Australia and New Zealand Banking Group Limited [2003] NSWSC 964 HEARING DATE(S) : 24/10/03 JUDGMENT DATE : 24 October 2003 JURISDICTION: Equity JUDGMENT OF : Einstein J DECISION : Motion for injunctive relief dismissed.

CATCHWORDS : Notice of motion seeking orders concerning merchant facility agreement - Principles governing discretion to grant interlocutory relief - Principles applicable to the grant of mandatory injunctions - Banker and customer - merchant facility agreement - credit card merchant facility - facility to process internet business - overseas internet orders - Merchant Agreement terminated - business overdraft facility terminated by bank LEGISLATION CITED : Supreme Court Act 1970 (NSW) American Cyanamid Co & Ethicon Ltd [1975] AC 396 Appleton Papers Inc v Tomasetti Paper Pty Ltd [1983] 3 NSWLR 208 Australian Apple and Pear Marketing Board v Tonking (1942) 66 CLR 77 Beecham Group Ltd v Bristol Laboratories Pty Ltd (1968) 118 CLR 618 Businessworld Computers Pty Ltd v Australian Telecommunications Commission (1988) 82 ALR 499 CASES CITED : Eng Mee Yong v Letchumanan [1980] AC 331 Magna Alloys & Research Pty Ltd v Coffey [1981] VR 23 North of England Junction Railway Co v Clarence Railway Co (1844) 63 ER 520 Plimpton v Spiller (1876) 4 Ch D 286 Prosperity Limited v Lloyds Bank 39 TLR 372 Shercliff v Engadine Acceptance Corporation Pty Ltd [1978] 1 NSWLR 729 Stollznow v Calvert [1980] 2 NSWLR 749 PARTIES : Impact Traders Pty Limited (Plaintiff) Australia and New Zealand Banking Group Limited (Defendant) FILE NUMBER(S) : SC 5374/03 COUNSEL : Mr G Segal (Plaintiff) Mr P Durack (Defendant) SOLICITORS : Charles G Roth & Co (Plaintiff) Allens Arthur Robinson (Defendant)