NSW Caselaw
New South Wales Supreme Court
CITATION : Agricultural and Rural Finance Pty Ltd v Atkinson & Ors [2006] NSWSC 202
HEARING DATE(S) : 26, 27, 28, 29 July 2005
JUDGMENT DATE : 29 March 2006
JURISDICTION : Equity Division Commercial List
JUDGMENT OF : Young CJ in Eq
DECISION : Verdict for the plaintiff for the amount claimed. The cross claim dismissed with costs.
CATCHWORDS : EQUITY [1]- Rule that party cannot rely on their own wrong to gain an advantage- Scope of rule- GUARANTEE & INDEMNITY [37]- Loan agreement for purpose of investment- Indemnity agreement in respect of loan- Construction. TRADE & COMMERCE [79]- Misrepresentation- Insufficient nexus between representation and plaintiff- Lack of reliance on misrepresentation.
Australian Securities and Investments Commission Act 2001 (Cth), ss 12DA, 12DB LEGISLATION CITED : Corporations Law, ss 995, 996, 1023B, 1024, 1067 Trade Practices Act 1974 (Cth), s 52
Avondale Motors (Parts) Pty Ltd v Commissioner of Taxation (1971) 124 CLR 97 AXA Reinurance (UK) plc v Field [1996] 1 WLR 1026 Cheall v Association of Professional Executive Clerical & Computer Staff [1983] 2 AC 180 Drinkwater v Caddyrack Pty Ltd [2001] NSWSC 255 Gilbert J McCaul (Aust) Pty Ltd v Pitt Club Ltd (1957) 59 SR (NSW) 332 Hackney BC v Dore [1922] 1 KB 431 Hughes Aircraft Systems International v Airservices Australia (1997) 76 FCR 151 Krywood v Drinkwater [2000] NSWCA 126 Leeds & Hanley Theatre of Varieties v Broadbent [1898] 1 Ch 343 CASES CITED : Matsoukis v Priestman & Co [1915] 1 KB 681 Nina's Bar Bistro Pty Ltd v MBE Corporation (Sydney) Pty Ltd [1984] 3 NSWLR 613 Royal Botanic Gardens & Domain Trust v South Sydney City Council (2002) 76 ALJR 436; 186 ALR 289 Ruthol Pty Ltd v Mills (2003) 11 BPR 20,793 Service Station Association Ltd v Berg Bennett & Associates Pty Ltd (1993) 45 FCR 84 SMK Cabinets v Hili Modern Electrics Pty Ltd [1984] VR 391 Sperry Rand Australia Ltd v Arrandale Properties Pty Ltd [1979] VR 409 Suttor v Gundowda Pty Ltd (1950) 81 CLR 418 TCN Channel 9 Pty Ltd v Hayden Enterprises Pty Ltd (1989) 16 NSWLR 130 Vines v Djordjevitch (1955) 91 CLR 512 Yashima v Carroll (1994) 6 BPR 13,663
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