Oates v Consolidated Capital Services Ltd [2008] NSWSC 464

Reported Decision : 218 FLR 73

New South Wales Supreme Court

CITATION : Oates v Consolidated Capital Services Ltd [2008] NSWSC 464

HEARING DATE(S) : 09/04/08, 10/04/08

JUDGMENT DATE : 15 May 2008

JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Barrett J

DECISION : Claims in plaintiff's further amended originating process filed on 9 April 2008 dismissed with costs.

CATCHWORDS : CORPORATIONS - statutory derivative action - claim by former officer for leave under s 237 to bring two proceedings on behalf of Australian company - first proceeding is general law derivative action to be initiated by Australian company as sole member of English company alleging breach of directors' duties owed to English company - whether such "double derivative" proceeding is within ss 236 and 237 - second proceeding is action by Australian company for breach of directors' duties owed to Australian company - whether serious question to be tried shown

LEGISLATION CITED : Corporations Act 2001 (Cth), ss 9, 236, 237 State Property Act 1954 (Ireland), s 28(2)(b)

CATEGORY : Principal judgment

Alexander v Automatic Telephone Co [1900] 2 Ch 56 Campbell v Kitchen & Sons Ltd (1910) 12 CLR 513 Chahwan v Euphoric Pty Ltd [2008] NSWCA 52 Charlton v Baber [2003] NSWSC 745; (2003) 47 ACSR 31 Fiduciary Ltd v Morningstar Research Pty Ltd [2005] NSWSC 442 Foss v Harbottle (1843) 2 Hare 461; 67 ER 189 Goozee v Graphic World Group Holdings Pty Ltd [2002] NSWSC 640; (2002) 42 ACSR 534 Hawkesbury Development Co Ltd v Landmark Finance Pty Ltd [1969] 2 NSWR 782 Herbert v Redemption Investments Pty Ltd [2002] QSC 340 Jeans v Deangrove Pty Ltd [2001] NSWSC 84 Keyrate Pty Ltd v Hamarc Pty Ltd [2001] NSWSC 491; (2001) 38 ACSR 396 Konamaneni v Rolls-Royce Industrial Power (India) Ltd [2002] 1 WLR 1269 Maher v Honeysett & Maher Electrical Contractors Pty Ltd [2005] NSWSC 859 CASES CITED : Menier v Hooper's Telegraph Works (1874) 9 Ch App 350 Metyor Inc v Queensland Electronic Switching Pty Ltd [2002] QCA 269; [2003] 1 Qd R 186 Nurcombe v Nurcombe [1985] 1 WLR 370 Oates v Consolidated Capital Services Pty Ltd [2007] NSWSC 680 Peninsular and Oriental Steam Navigation Co v Johnson (1938) 60 CLR 189 Pergamon Press Ltd v Maxwell [1970] 1 WLR 1167 Prudential Assurance Co Ltd v Newman Industries Ltd (No 2) [1982] Ch 204 R v Portus; ex parte Federated Clerks' Union of Australia (1949) 79 CLR 428 Ragless v IPA Holdings Pty Ltd [2008] SASC 90 Re Ross; ex parte Attorney General for the Northern Territory (1980) 54 ALJR 145 South Johnstone Mill Ltd v Dennis and Scales [2007] FCA 1448; (2007) 64 ACSR 447 Spokes v The Grosvenor Hotel and West End Railway Terminus Hotel Co Ltd [1897] 2 QB 124 Virgtel Ltd v Zabusky [2006] QSC 66; [2006] 2 QdR 281 Waddington Ltd v Chan Chun Hoo Thomas [2006] HKCA 196