NSW Caselaw
New South Wales Supreme Court
CITATION : Maine v Chelia [2005] NSWSC 860
HEARING DATE(S) : 7, 8 and 9 June 2005
JUDGMENT DATE : 29 August 2005
JURISDICTION : Equity Division
JUDGMENT OF : Young CJ in Eq
DECISION : Order that joint venture company be wound up.
CATCHWORDS : CORPORATIONS [34]- Oppression- Joint venture company- Minority parties excluded from affairs of joint venture company by majority- Both sides contributed to the unworkability of joint venture's business- Majority's exploitation of legal rights over minority clearly oppressive- Whether appropropriate to de-merge joint venture by dividing up assets- No precedent for doing so- In this case more appropriate to order winding up.
Corporations Act 2001 (Cth), ss 232, 233 LEGISLATION CITED : Spam Act 2003 (Cth)
Atwood v Maude (1868) 3 Ch App 369 Bernhardt v Beau Rivage Pty Ltd (1989) 15 ACLR 160 Desktop Marketing Systems Pty Ltd v Telstra Corporation Ltd [2002] FCAFC 112 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (2001) 37 ACSR 672 CASES CITED : Kokotovich Constructions Pty Ltd v Wallington (1995) 17 ACSR 478 Lyon v Tweddell (1881) 17 Ch D 529 O'Neill v Phillips [1999] 1 WLR 1092 Rigden v Pierce (1822) 6 Madd 353; 56 ER 1126 Taylor v Neate (1888) 39 Ch D 538
Anthony Leonard Maine (P1) Newsnet.com Pty Limited (P2) Coomar Chelia (D1) PARTIES : Indrajit Solomon Arulampalam (D2) Jardine Thompson Pty Limited (D3) Digital Messaging Solutions Pty Limited (D4)
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