ACE Project Group Pty Limited & Anor v Ginger Development Enterprises Pty Limited & (2) Ors [2006] NSWSC 962

New South Wales Supreme Court

CITATION : ACE Project Group Pty Limited & Anor v Ginger Development Enterprises Pty Limited & (2) Ors [2006] NSWSC 962

HEARING DATE(S) : 04/09/2006 and 05/09/2006

JUDGMENT DATE : 4 October 2006

JURISDICTION : EQUITY DIVISION

JUDGMENT OF : Lloyd AJ

CATCHWORDS : PARTNERSHIP AGREEMENT: – joint venture agreement – dissolution of agreement– continuing liabilities and obligations after dissolution – calculation and distribution of profits – winding up partnership – implied authority to deal with asset – costs incurred in winding up reasonable or necessary

LEGISLATION CITED : Partnership Act 1892 ss 26, 32, 38 Real Property Act 1900 s 74J

ACE Project Group Pty Limited & Anor v Ginger Development Enterprises Pty Limited & Ors [2005] NSWSC 1379 CASES CITED : Crown Developments Australia Pty Ltd v Ginger Development Enterprises Pty Ltd [2003] NSWSC 593 Crown Developments Australia Pty Ltd v Ginger Development Enterprises Pty Ltd [2003] NSWCA 296

ACE Project Group Pty Limited - First Plaintiff ACN 082 232 479 Shan Ruan - Second Plaintiff PARTIES : Ginger Development Enterprises Pty Limited - First Defendant ACN 074 997 792 Yau Fong Yuen - Second Defendant Yuk Mui Kum - Third Defendant

FILE NUMBER(S) : SC 5702 of 2002

COUNSEL : Mr J B Whittle SC and Ms J E Stuckey-Clarke (barrister) - Plaintiffs Mr A J L Ogborne (barrister) - Defendants

SOLICITORS : Raymond Lee & Co - Plaintiffs Dennis Wong & Co - Defendants

- 15 - IN THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION