Yaktine v Perpetual Trustees Victoria Ltd [2004] NSWSC 1078

Reported Decision : (2005) 13 ANZ Insurance Cases 61-637

New South Wales Supreme Court

CITATION : Yaktine v Perpetual Trustees Victoria Ltd [2004] NSWSC 1078 HEARING DATE(S) : 18 & 19 October 2004 JUDGMENT DATE : 16 November 2004 JURISDICTION: Equity Division JUDGMENT OF : Young CJ in Eq DECISION : Verdicts against Mr Yatne and Mr Murphy for full amount of loss.

CATCHWORDS : INSURANCE [113]- Professional indemnity insurance- Exception for liability arising out of dishonesty- Scope. PROFESSIONS [70]- Lawyers- Liability for false certificate. TRADE & COMMERCE [93]- Trade practices- Solicitor transmitting false certificate to another firm of solicitors- Whether liable to other solicitor's client for false and misleading conduct. WORDS & PHRASES- "Dishonest". Argy v Blunts & Lane Cove Real Estate Pty Ltd (1990) 26 FCR 112 Bebonis v Angelos (2003) 56 NSWLR 127 Comino v Manettas (1993) 7 ANZ Insurance Cases 61-162 Dickinson v The Motor Vehicle Insurance Trust (1987) 163 CLR 500 Francis Travel Marketing Pty Ltd v Virgin Atlantic Airways Ltd (1996) 39 NSWLR 160 Fraser v Council of the Law Society of NSW (C/A, 7.8.1992) Gould v Vaggelas (1985) 157 CLR 215 Gran Gelato Ltd v Richcliff (Group) Ltd [1992] Ch 560 CASES CITED : Hanave Pty Ltd v LFOT Pty Ltd (1999) 43 IPR 545 Harle v Legal Practitioners Liability Committee [2003] VSCA 133 Henjo Investments Pty Ltd v Collins Marrickville Pty Ltd (1988) 79 ALR 89 Hi-Fert Pty Ltd v Kiukiang Maritime Carriers Inc (1996) 71 FCR 172 McCann v Switzerland Insurance Ltd (2000) 203 CLR 579 Peter Isaacson Publications Pty Ltd v Victorian WorkCover Authority [1996] 1 VR 49 Peters v R (1998) 192 CLR 493 Promosso Holdings Ltd v Alpers [2004] 3 NZLR 521 Underwriters at Lloyds v Ellis (C/A, 25.2.1998) Kasem Yaktine (1st Plaintiff) Racha Yaktine (2nd Plaintiff) PARTIES : Perpetual Trustees Victoria Limited (Defendant; 1st and 2nd Cross-Claimants) Colin Murphy (3rd and 4th Cross-Claimant) American Re-Insurance Company (2nd Cross-Defendant to 4th Cross-Claim) FILE NUMBER(S) : SC 1765/02 C R C Newlinds SC and P T Newton (for Perpetual Trustees Victoria Ltd) COUNSEL : D H Murr SC and J C Thompson (for Colin Murphy) D Davies SC (for American Re-Insurance Company) Heidtman & Co (for Perpetual Trustees Victoria Ltd) SOLICITORS : Murphy & Co (for Colin Murphy) Mallesons Stephen Jaques (for American Re-Insurance Company)