Fayad v Bellpac Pty Ltd [2004] NSWSC 755

New South Wales Supreme Court

CITATION : Fayad v Bellpac Pty Ltd [2004] NSWSC 755 HEARING DATE(S) : 11/08/04, 17/08/04 JUDGMENT DATE : 18 August 2004

JUDGMENT OF : White J DECISION : See Judgment paras 82-83.

CATCHWORDS : Injunctions - Interlocutory - Assessment of merits of plaintiffs' claim where grant of relief may determine issue as a practical matter - Whether serious question to be tried of breach of trust - Whether serious question to be tried of breach of directors' duties - Balance of convenience - Plaintiffs' standing to restrain conduct alleged to be a breach of directors' duties - Whether injunction may be granted in aid of proceedings to be commenced under s 237 of the Corporations Act for leave to bring proceedings on behalf of the company. LEGISLATION CITED : Corporations Act 2001 (Cth) Supreme Court (Corporations) Rules 1999 Commonwealth v Booker International Pty Ltd [2002] NSWSC 292 Kolback Securities Ltd v Epoch Mining NL (1987) 8 NSWLR 533 Australian Broadcasting Commission v Lenah Game Meats Pty Ltd (2001) 208 CLR 199 Ford & Lee, Prinicples of the Law of Trusts Cadwallader v Bajco Pty Ltd (2001) 189 ALR 370 Swansson v R A Pratt Properties Pty Ltd (2002) 42 ACSR 313 CASES CITED : R v Byrnes (1995) 183 CLR 501 Woolworths Ltd v Kelly (1991) 22 NSWLR 189 Emlen Pty Ltd v St Barbara Mines Ltd (1997) 15 ACLC 1107 Meagher, Gummow & Lehane's Equity, Doctrines & Remedies 4 ed Aberdeen Railway Co. v Blaikie Bros (1854) 1 Macq 461 at 471 [1843-60] All ER Rep. 249 Cummings v Claremont Petroleum NL (1992) 9 ACSR 583 Vincent Fayad & Anor PARTIES : v Bellpac Pty Ltd ACN 101 713 & Ors FILE NUMBER(S) : SC 4335/04 COUNSEL : Plaintiffs: B W Collins QC & C Freeman Defendants: M Cashion SC & S T White SOLICITORS : Plaintiffs: Purcell Pateman Defendants: Kemp Strang