NSW Caselaw
New South Wales Supreme Court
IBRAHIM & Ors v PHAM & Ors [2005] NSWSC 246 CITATION : This decision has been amended. Please see the end of the judgment for a list of the amendments.
HEARING DATE(S) : 12-16 July; 19-23 July; 26-29 July; 2-6 August; 9-11 August 2004
JUDGMENT DATE : 30 March 2005
JUDGMENT OF : Levine J
DECISION : 1 I find verdicts for the defendants and enter judgment accordingly; 2 The plaintiffs are to pay the costs of the defendants including all reserved costs; 3 I order the return of the exhibits and MFI 21
CATCHWORDS : Professional negligence - solicitors - Froggy.com - limited retainer - fiduciary duty - managed investment schemes
Civil Liability Act 2002 Corporations Act 2001 (Cth) Corporations (Repeals, Consequentials and Transitionals) Act 2001 (Cth) Fair Trading Act 1987 LEGISLATION CITED : Financial Services Reform Act 2001 (Cth) Legal Profession Act 1987 Managed Investments Act 1998 (Cth) Trade Practices Act 1974 (Cth) Treasury Legislation Amendment (Application of Criminal Code) Act (No 3) 2001 (Cth)
ASIC v Atlantic 3 Financial (Aust) Pty Limited (2003) 47 ACSR 52 ASIC v Chase Capital Management Pty Limited (2001) 36 ACSR 778 ASIC v Commercial Nominees of Australia Limited (2002) 42 ACSR 240 ASIC v Hutchings (2001) 38 ACSR 387 ASIC v IP Product Management Group Pty Limited (2002) 42 ACSR 343 ASIC v Koala Quality Produce Limited (2002) 41 ACSR 628 ASIC v Pegasus Leveraged Options Group Pty Limited (2002) 41 ACSR 561 ASIC v Vines [2003] NSWSC 1095 ASC v Woods and Johnson Developments Pty Limited (1991) 6 ACSR 191 Astley v Austrust Ltd (1999) 197 CLR 1 Australian Softwood Forests Pty Limited v A-G (NSW); Ex rel CAC (1981) 148 CLR 121 Beach Petroleum NL v Abbott Tout Russell Kennedy (1997) 26 ACSR 114 Beach Petroleum NL v Kennedy (1999) 48 NSWLR 1 Bonn Corporation Pty Limited v Thiess Contractors Pty Limited (1987) 14 FCR 215 Breen v Williams (1996) 186 CLR 71 Brickenden v London & Loan Savings Co [1934] 3 DLR 465 Bristol and West Building Society v Mothew [1998] Ch 1 Brophy v NIAA Corporation Limited (in liq) (1995) ATPR 41-399 Capital Brake Service Pty Ltd v Meagher [2003] NSWCA 225 Churchill v Connolly [2004] NSWCA 212 Citicorp Australia Limited v O'Brien (1996) 40 NSWLR 398 Clark Boyce v Mouat [1994] 1 AC 428 Collier v Morlend Finance Corporation (Victoria) Pty Limited (1989) 6 BPR 13,337 Commonwealth Bank of Australia v Smith (1991) 42 FCR 390 Cvetanoski v Filaria Pty Limited (2002) 171 FLR 194 Demagogue Pty Limited v Ramensky (1992) 39 FCR 31 Dovuro Pty Limited v Wilkins (2003) 77 ALJR 1706 DPC Estates Pty Limited v Grey and Consul Development Pty Limited [1974] 1 NSWLR 443 Duchess of Argyll v Beuselinck [1972] Lloyd's Rep 172 Grey v Australian Motorists & General Insurance Limited [1976] 1 NSWLR 669 Goldcorp Exchange Limited, Re [1995] 1 AC 74 CASES CITED : Gore v Montague Mining Pty Limited [2000] FCA 1214 Haira v Burbery Mortgage Finance & Savings Limited; sub nom Koya v Kaira [1995] 3 NZLR 396 Hawkins v Clayton (1988) 164 CLR 539 Henville v Walker (2001) 206 CLR 459 Heydon v NRMA Ltd (2000) 51 NSWLR 1 Hospital Products Limited v United States Surgical Corporation (1984) 156 CLR 41 Jennings v Zihali-Kiss (1972) 2 SASR 493 Karl Suleman Enterprises Pty Limited (in liq) v Babanour [2004] NSWCA 214 Life Association of Scotland v Siddal (1861) 45 ER 800 Maguire v Makaronis (1997) 188 CLR 449 March v Stramare (E & MH) Pty Limited (1991) 171 CLR 506 Metcash Trading Pty Limited v Hourigan's IGA Umina Pty Limited [2003] NSWSC 683 Moage Limited (in liq), Re; Moage Limited (in liq) v Jagelman (1998) 153 ALR 711 NZ Netherlands Society "Oranje" Inc v Kuys [1973] 2 All ER 1222 O'Brien v Gillespie (1996) 41 NSWLR 549 O'Halloran v R T Thomas & Family Pty Ltd (1998) 45 NSWLR 262 Oceanic Life Ltd v HIH Casualty & General Insurance Ltd [1999] NSWSC 292 Our Lady's Mount Pty Limited (as trustee) v Magnificat Meal Movement International Inc (1999) 33 ACSR 163 Pauling's Settlement Trusts, Re [1961] 3 All ER 713 Parker v McKenna (1874) LR 10 Ch App 96 Peninsula Balmain Pty Ltd v Abigroup Contractors Pty Ltd [2002] NSWCA 211 Pilmer v The Duke Group Ltd (in liq) (2001) 207 CLR 165 Semrani v Manoun [2001] NSWCA 337 Spellson v George (1992) 26 NSWLR 666 Sunpost Pty Limited v Alsons Pty Limited (unreported, NSW SC, 8 September 1994) Tracy v Mandalay Pty Limited (1953) 88 CLR 215 Trust Co of Australia v Perpetual Trustees WA Limited (1997) 42 NSWLR 237 Unioil International Pty Ltd v Deloitte Touche Tohmatsu (1997) 17 WAR 98 Wardley Australia Ltd v Western Australia (1992) 175 CLR 514 Warner v Elders Rural Finance Ltd (1993) 41 FCR 399 White v Illawarra Mutual Building Society Ltd [2002] NSWCA 164 Youyang Pty Limited v Minter Ellison (2003) 77 ALJR 895
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