Lesvos Pty Ltd & 1 ors v Penrith Whitewater Stadium Ltd [2006] NSWSC 823

Reported Decision : 58 ACSR 481

New South Wales Supreme Court

CITATION : Lesvos Pty Ltd & 1 ors v Penrith Whitewater Stadium Ltd [2006] NSWSC 823

HEARING DATE(S) : 14/7/06

JUDGMENT DATE : 17 August 2006

JUDGMENT OF : Bell J at 1

DECISION : 1. The plaintiffs give security for the defendants' costs of the proceedings in a form acceptable to the Registrar within 28 days of today's date in an amount of $187,500.00; 2. In the event security is not given in accordance with order 1, the proceedings be stayed; 3. The plaintiffs pay the defendants' costs of the motion.

CATCHWORDS : Security for costs - delay in bringing application

Corporations Act 2001 (Cth) LEGISLATION CITED : Supreme Court Rules 1970 Trade Practices Act 1974 (Cth) Uniform Civil Procedure Rules 2005

Allstate Life Insurance Co v Australia & New Zealand Banking Group Ltd (No. 19) (1995) 134 ALR 187 Beach Petroleum NL v Johnson (1992) 7 ACSR 203 Brundza v Robbie & Co [No.2] (1952) 88 CLR 171 CASES CITED : Equity Access Ltd v Westpac Banking Corporation [1989] ATPR 40-972, 50-635 Hughes Bros Pty Ltd v Trustees of the Roman Catholic Church for the Archdiocese of Sydney (unreported) 7 November 1995 KDL Building v Mount [2006] NSWSC 474 Lesvos v Penrith Whitewater Stadium [2004] NSWSC 441 Southern Cross Exploration NL (Ors) v Fire & All Risks Insurance Co Ltd & Ors (1985) 1 NSWLR 114

Lesvos Pty Ltd (ACN 078 840 338) (1st Plaintiff) PARTIES : Koffee Pty Limited (ACN 056 318 882) (2nd Plaintiff) Penrith Whitewater Stadium Ltd (ACN 083 662 140) (1st Defendant) Penrith City Council (2nd Defendant)