Grocers of Wyong v Retech Global [2004] NSWSC 488

New South Wales Supreme Court

CITATION : Grocers of Wyong v Retech Global [2004] NSWSC 488 HEARING DATE(S) : 26 May 2004 JUDGMENT DATE : 26 May 2004 JURISDICTION: Equity JUDGMENT OF : Campbell J DECISION : No express trust established

CATCHWORDS : TRUSTS - intention to create trust - trusts where word "trust" not used - no payment into separate account - commercial transaction - constructive trusts arising from same facts as alleged express trusts - TRUSTS - tracing - bank account divided by client into sub-accounts some of which are in debit - whether tracing through those sub-accounts possible Re Australian Elizabethan Theatre Trust; Lord v Commonwealth Bank of Australia and Others [1991] 30 FCR 491 Commonwealth of Australia v Booker International Pty Ltd [2002] NSWSC 292 CASES CITED : Henry v Hammond [1913] 2 KB 515 Hospital Products Limited v United States Surgical Corporation and Others (1984) 156 CLR 41 Walker and Others v Corboy and Others (1990) 19 NSWLR 382 Grocers of Wyong Pty Limited - Plaintiff Retech Global Pty Limited (Subject to Deed of Company Arrangement) - First Defendant PARTIES : Retail Technology & Services Limited (Subject to Deed of Company Arrangement) - Second Defendant Ronald John Dean-Willcocks - Third Defendant Nicholas Craig Malanos - Fourth Defendant Ian James Purchas - Fifth Defendant FILE NUMBER(S) : SC 1524/04 COUNSEL : P Ryan - Plaintiff M Christie - Defendants SOLICITORS : SL Lawyers - Plaintiff Kemp Strang - Defendants