New Cap Reinsurance Corporation Ltd v General Cologne Re Australia Ltd [2004] NSWSC 781

New South Wales Supreme Court

CITATION : New Cap Reinsurance Corporation Ltd v General Cologne Re Australia Ltd [2004] NSWSC 781 HEARING DATE(S) : 22/07/04 JUDGMENT DATE : 26 August 2004

JURISDICTION: Equity Division Corporations List JUDGMENT OF : Young CJ in Eq DECISION : Proposed amended statement of claim held defective: leave to amend refused.

CATCHWORDS : EQUITY [105]- Constructive trust- Barnes v Addy- Knowing Assistance- Elements considered. Alexander v Cambridge Credit Corporation Ltd (1987) 9 NSWLR 310 Baden v Societe Generale [1983] BCLC 325 Barnes v Addy (1874) LR 9 Ch App 244 Biala Pty Ltd v Mollina Holdings Ltd (1993) 11 ACSR 785 Compaq Computer Australia Pty Ltd v Merry (1998) 157 ALR 1 Consul Development Pty Ltd v DPC Estates Pty Ltd (1975) 132 CLR 373 Dempster v Mollina Holdings Ltd (1994) 15 ACSR 1 Educational Resources Pty Ltd v Poteri (1996) 20 ACSR 628 Franklin v Giddens [1978] Qd R 72 CASES CITED : Gertsch v Atsas (1999) 10 BPR 18431 O'Brien v Dawson (1941) 41 SR (NSW) 295 Re Southern Resources Ltd (1989) 15 ACLR 770 Robb Evans v European Bank Ltd [2004] NSWCA 82 Rolfe v Gregory (1865) 4 De GJ & S 576; 46 ER 1042 Royal Brunei Airlines Sdn Bhd v Tan Kok Ming [1995] 2 AC 378 Southern Resources Ltd v Residues Treatent & Trading Co Ltd (1990) 56 SASR 455; 3 ACSR 207 Turner v TR Nominees Pty Ltd (Santow J, 3.11.1995) Young v Murphy (1994) 13 ACSR 722 Youyang Pty Ltd v Minter Ellison Morris Fletcher (2003) 212 CLR 484 New Cap Reinsurance Corporation Limited (P1) John Raymond Gibbons (P2) PARTIES : General Cologne Re Australia Limited (D1) Guy Carpenter & Company Pty Limited (D2) Guy Carpenter & Company Ltd (D3) FILE NUMBER(S) : SC 2371/02 COUNSEL : S G Finch SC and N Perram (P) M A Pembroke SC and L P Menzies (D2) SOLICITORS : Henry Davis York (P) TressCox (D2)