Zhang v Minox Securities Pty Ltd; Liu v Minox Securities Pty Ltd [2008] NSWSC 689

New South Wales Supreme Court

CITATION : Zhang v Minox Securities Pty Ltd; Liu v Minox Securities Pty Ltd [2008] NSWSC 689

HEARING DATE(S) : 21/04/08 Written submissions: 28/04/08, 05/05/08, 16/05/08

JUDGMENT DATE : 9 July 2008

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Order joining and granting leave to proceed against insurer refused

CATCHWORDS : CORPORATIONS AND SECURITIES INDUSTRY - principal sued for activities of authorised representative - various alleged contraventions - INSURANCE - indemnity insurance - policy exclusions - whether applicable to any liability of principal

LEGISLATION CITED : Corporations Act 2001 (Cth), Part 5.3A, Division 6 Part 7.6, ss 500(2), 761A, 764A(1)(a), 766B(1) and (3), 766C, 912A, 917A(1), 917B. 917D, 917E, 941B, 945A, 946A, 1011B, 1012A Law Reform (Miscellaneous Provisions) Act 1946, ss 6(1), 6(4)

CATEGORY : Procedural and other rulings

Codelfa Construction Pty Ltd v State Rail Authority of New South Wales [1982] HCA 24; (1982) 149 CLR 337 CASES CITED : Emu Brewery Mezzanine Ltd v Australian Securities and Investments Commission [2006] WASCA 105; (2006) 32 WAR 204 Oswald v Bailey (1987) 11 NSWLR 715 Re York Street Mezzanine Pty Ltd [2007] FCA 922; (2007) 162 FCR 358

(1) Ding Yang Zhang and persons in Schedule A - Plaintiffs PARTIES : Minox Securities (formerly Quantum Securities) Pty Ltd - Defendant (2) Jun Liu and Lan Liu and persons in Schedule A - Plaintiffs Minox Securities (formerly Quantum Securities) Pty Ltd - Defendant