NSW Caselaw
New South Wales Supreme Court
CITATION : ACE Project Group Pty Limited & Anor v Ginger Development Enterprises Pty Limited and Ors [2007] NSWSC 1229
HEARING DATE(S) : 27/04/07, 28/05/07, 01/06/07, 03/08/07
JUDGMENT DATE : 7 November 2007
JURISDICTION : EQUITY DIVISION
JUDGMENT OF : Lloyd AJ
DECISION : Parties directed to bring in short minutes of order to give effect to judgment.
CATCHWORDS : JOINT VENTURE AGREEMENT:- agreement to purchase and develop properties - agreement to divide profits - unilateral termination of agreement - accounts show that there has no profit - share of loss - advance for anticipated profit - joint account - correct method of calculating the loss - interest - costs
Civil Procedure Act 2005, s 22, s 90(1) LEGISLATION CITED : Supreme Court Act 1970, s 63 Uniform Civil Procedure Rules 2005, r 36.1
ACE Project Group Pty Limited v Ginger Development Enterprises Pty Limited [2005] NSWSC 1379 ACE Project Group Pty Limited v Ginger Development Enterprises Pty Limited [2006] NSWSC 962 CASES CITED : Hamer v Giles (1879) 11 Ch D 942 Queensland Trustees Ltd v Fawckner [1964] Qd R 153 Smith v Smith [1987] 2 Qd R 807
Ace Project Group Pty Limited - First plaintiff PARTIES : Shan Ruan - Second plaintiff Ginger Development Enterprises Pty Limited - First defendant Yau Fong Yuen and Yuk Mui Kum - Second defendants
FILE NUMBER(S) : SC 5702/02
COUNSEL : Mr A Ogborne - Plaintiffs Mr J B Whittle SC with Mrs J E Stuckey-Clarke - Defendants
SOLICITORS : Raymond Lee & Co - Plaintiffs Dennis Wong Lawyers - Defendants
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