Grizonic v Suttor; Grizonic v McDonald [2006] NSWSC 1359

New South Wales Supreme Court

CITATION : Grizonic v Suttor; Grizonic v McDonald [2006] NSWSC 1359

HEARING DATE(S) : 1 December 2006

JUDGMENT DATE : 1 December 2006

JURISDICTION : Equity

JUDGMENT OF : Campbell J

EX TEMPORE JUDGMENT DATE : 12/01/2006

DECISION : In 2475/05, proceedings stayed until plaintiff provides security for costs in the sum of $20,000. ; In 6141/03, order fixing applicants' remuneration varied. No order for actual payment made.

CATCHWORDS : PROCEDURE – Costs – security for costs – whether plaintiff is suing for the benefit of others pursuant to UCPR 42.21(1)(e) - where proceeds of litigation are subject to personal insolvency agreement plaintiff entered with creditors – where plaintiff is otherwise impecunious - relevance of defendants' delay in bringing application – PROCEDURE – whether appropriate to vary order fixing trustees' remuneration to accord with subsequent costs assessment – whether appropriate to order payment of trustees' remuneration out of trust fund - TRUSTS AND TRUSTEES – trustees' remuneration - principle upon which trustee is entitled to indemnity for expenses from trust fund

LEGISLATION CITED : Bankruptcy Act 1966 Uniform Civil Procedure Rules 2005

In Re Beddoe; Downes v Cottam [1893] 1 Ch 547 CASES CITED : Grizonic v Suttor [2004] NSWSC 137 Mead v Watson as liquidator for Hypec Electronics [2005] NSWCA 133; (2005) 23 ACLC 718

Claudio Grizonic - Plaintiff (6141/03 & 2475/05) PARTIES : Suzanne Suttor - First Defendant (6141/03); Third Defendant (2475/05) Geoffrey McDonald - Applicant/First Defendant (2475/05) Paul Leroy - Applicant/Second Defendant (2475/05)