Westfield QLD No. 1 Pty Limited & Anor v Lend Lease Real Estate Investments Limited & Ors [2008] NSWSC 610

New South Wales Supreme Court

CITATION : Westfield QLD No. 1 Pty Limited & Anor v Lend Lease Real Estate Investments Limited & Ors [2008] NSWSC 610

HEARING DATE(S) : 21/05/08, 22/05/08

JUDGMENT DATE : 18 June 2008

JURISDICTION : Equity Division Commercial List

JUDGMENT OF : Einstein J

DECISION : The plaintiffs are to pay the first defendant's cost of the proceedings. The plaintiffs are to pay the third and fourth defendants costs of the proceedings on an indemnity basis.

CATCHWORDS : Costs - Proper characterisations of proceedings - Principle dealing with rights of trustee to be indemnified out of trust assets in respect of court proceedings

LEGISLATION CITED : Civil Procedure Act 2005 (NSW) Uniform Procedure Rules 2005 (NSW)

CATEGORY : Procedural and other rulings

CASES CITED : Buckton, Re [1907] 2 Ch 406 National Trustees Executors and Agency Co of Australasia Ltd v Barnes (1941) 64 CLR 268

Westfield QLD No. 1 Pty Limited (First Plaintiff) Westfield QLD No. 2 Pty Limited (Second Plaintiff) Lend Lease Real Estate Investments Limited (First Defendant) PARTIES : Cairns Central Limited (Second Defendant) Perpetual Limited (Third Defendant) Perpetual Trustees Victoria Limited (Fourth Defendant)

FILE NUMBER(S) : SC 50103/07

Mr I Jackman SC, Mr T Marskell (Plaintiffs) COUNSEL : Mr T Bathurst QC, Mr H Insall SC, Mr D Thomas (First Defendant) Mr M Cessario (solicitor) (Third and Fourth Defendants)

Speed & Stracey Lawyers Pty Limited (Plaintiffs) SOLICITORS : Freehills (First Defendant) Corrs Chambers Westgarth (Third and Fourth Defendants)