TRANSGLOBAL CAPITAL PTY. LIMITED & ORS. v. YOLARNO PTY. LIMITED [2004] NSWCA 136

Reported Decision : 60 NSWLR 143

New South Wales Court of Appeal

CITATION : TRANSGLOBAL CAPITAL PTY. LIMITED & ORS. v. YOLARNO PTY. LIMITED [2004] NSWCA 136 revised - 19/05/2004 HEARING DATE(S) : 21/04/2004 JUDGMENT DATE : 6 May 2004

JUDGMENT OF : Beazley JA; Santow J; Ipp JA DECISION : 1. Set aside the Order made by Handley JA on 2 February 2004 staying the appeal for a period of 6 weeks; 2. Set aside the further Order made by Handley JA that the appellants provide security for the respondent's costs of the appeal; 3. Set aside the consequential order made by Handley JA granting liberty to apply to have the appeal dismissed for want of prosecution; 4. Otherwise confirm the stay of execution of the Judgments appealed from; 5. Order the respondent to pay the appellants' costs of this application.

CATCHWORDS : SECURITY FOR COSTS - Part 51 r. 16 of Supreme Court Rules - Interpretation -"Special circumstances" - Whether impecuniosity of itself may constitute special circumstances - Whether other circumstances relevant. Corporations Law LEGISLATION CITED : Supreme Court Act 1970 Trade Practices Act 1974 Abdurahman v. Field (unreported NSWCA 4 March 1986) Ciappina v. Ciappina (1983) 70 FLR 287 Citicorp Australia Ltd. v. Cirillo & Anor. [2003] SASC 204 Cowell v. Taylor (1885) 31 Ch. D. 34 Harock v. Ashberry (1881) 19 Ch. D. 84 House v. The King (1936) 55 CLR 499 Hunters Hill Municipal Council v. Pedlar (unreported Court of Appeal 9 May 1978) Kardynal V. Dodek [1978] VR 414 Kennedy v. McGeechan (1978) 1 NSWLR 315(N) Lall v. 53-55 Hall Street Pty. Ltd. [1978] 1 NSWLR 310 CASES CITED : Maritime Services Board & Anor. v. Citizens Airport Environment Association Inc. (unreported NSWCA 23 December 1992) McWilliam v. Penthouse Publications (unreported NSWCA 21 January 1999) Patrick v. Howorth [2002] NSWCA 285 Porter v. Gordian Runoff Ltd. & Anor. [2004] NSWCA 69 R v Barker [2002] NSWCCA 184 R v Simpson [2001] NWCCA 534 Re Will of Gilbert (1946) 46 SR(NSW) 318 Saba v. National Australia Bank Ltd [1999] NSWCA 93 Scerri v. Northam Holdings Pty. Ltd. (1967) VR 674 Strata Consolidated (Aust) Pty. Limited v. Bradshaw [2000] NSWCA 114 Uptown Sydney Development Corporation Pty. Ltd. & Ors. v. Bank of New Zealand (No. 1) (1993) 11 ACSR 300 Wentworth v. Wentworth (1994) 35 NSWLR 726 Transglobal Capital Pty. Limited PARTIES : Garry Charles Taylor (Appellants) Yolarno Pty. Limited (ACN 002 225 183) (Defendant) FILE NUMBER(S) : CA 41238/03 COUNSEL : In person (Appellant) T. Hale SC/Mr. J. White (Respondent) SOLICITORS : In person (Appellant) Hunt Partners (Respondent)