Circaz Pty Limited v Manolidis [2003] NSWSC 455

Reported Decision : (2003) 45 ACSR 542

New South Wales Supreme Court

CITATION : Circaz Pty Limited v Manolidis [2003] NSWSC 455 HEARING DATE(S) : 10 April & 15 May 2003 JUDGMENT DATE : 3 June 2003 JURISDICTION: Equity Division JUDGMENT OF : Davies AJ DECISION : Application dismissed. Plaintiffs' costs to be costs in the cause.

CATCHWORDS : Practice & Procedure - security for costs - security for undetakings as to damages - whether personal undertaking of individual plaintiff should be accepted - principles considered - whether defendants' motions prosecuted efficiently. LEGISLATION CITED : Corporations Act 2001 (Cth), s 1335 Supreme Court Rules, Pt 15 r 26, Pt 53 r 2 Allen v Jambo Holdings Limited [1980] 1 WLR 1252 American Cyanamid Co. v Ethicon Ltd [1975] AC 396 Bell Wholesale Co Pty Ltd v Gates Export Corporation (1984) 52 ALR 176 CASES CITED : Bryan E Fencott and Associates Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 497 Custom Credit Corporation Ltd v Whitehall Holdings Pty Ltd (unreported, Supreme Court of Western Australia, 7 April 1992) Idoport Pty Ltd v National Australia Bank Ltd [2001] NSWSC 744 Ilat Nominees Pty Ltd v Murragong Nominees Pty Ltd (1980) 48 FLR 385 KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189 Circaz Pty Limited (First Plaintiff) Montcap Pty Limited (Second Plaintiff) Robert Crossman (Third Plaintiff) Theodore Manolidis (aka Ted Manny) (First Defendant) PARTIES : Coastal Waterfront Developments Pty Limited (Second Defendant) Robert Francis Hooper (Third Defendant) Gizmo Productions Pty Limited (Fourth Defendant) Deidre Bounds (aka Deidre Balfoort) (Fifth Defendant) Anthony Cordato (Sixth Defendant) FILE NUMBER(S) : SC 4990/02 M Orlov (Plaintiffs / Respondents) COUNSEL : A Justice (First Defendant / Applicant) R Eassie (Second, Fourth & Fifth Defendants / Applicant) Gray & Perkins (Plaintiffs / Respondents) SOLICITORS : Dennis & Co (First Defendant / Applicant) DC Balog & Associates (Second, Fourth & Fifth Defendants / Applicant)