NSW Caselaw
New South Wales Supreme Court
CITATION : Jem Developments v Hansen Yuncken [2006] NSWSC 1308
HEARING DATE(S) : 30 November 2006
JUDGMENT DATE : 4 December 2006
JURISDICTION : Equity
JUDGMENT OF : Austin J
DECISION : Period for compliance with statutory demand extended, otherwise originating process dismissed with costs.
CATCHWORDS : CORPORATIONS - winding up in insolvency - presumption of insolvency through failure to comply with a statutory demand - offsetting claim - meaning of "offsetting" - effect of contractual provision excluding counter claims - CONTRACTS - settlement of building dispute - parties agree that "a payment obligation is to rank in priority" before any entitlements of payer to receive monies in connection with building project - proper construction
LEGISLATION CITED : Corporations Act 2001 (Cth) ss 459C, 459E, 459F, 459G, 459H
Asia Pacific Glass Pty Ltd v Sindea Trading Co [2003] NSWSC 334 Carter v Roberts [1903] 2 Ch 312 Eyota Pty Ltd v Hanave Pty Ltd (1994) 12 ACSR 785 Gilbert-Ash (Northern) Ltd v Modern Engineering (Bristol) Ltd [1974] AC 689 CASES CITED : Graywinter Properties Pty Ltd v Gas & Fuel Corporation Superannuation Fund (1996) 70 FCR 452 Macleay Nominees Pty Ltd v Bell Property East Pty Ltd [2001] NSWSC 743 POS Media v B Family [2003] NSWSC 147 Re Polaroid Australia Pty Ltd (Supreme Court of New South Wales, Santow J, unreported, 15 December 1997) Robowash Pty Ltd v Robowash Finance Pty Ltd (2000) 158 FLR 338
Jem Developments Pty Ltd (P1) PARTIES : Pacifico Holdings Pty Ltd (P2) Hansen Yuncken Pty Ltd (D)
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