Ingot Capital Investment & Ors v Macquarie Equity Capital Markets & Ors [No.7] [2008] NSWSC 199

New South Wales Supreme Court

CITATION : Ingot Capital Investment & Ors v Macquarie Equity Capital Markets & Ors [No.7] [2008] NSWSC 199

HEARING DATE(S) : 4, 5 and 6 February 2008

JUDGMENT DATE : 14 March 2008

JUDGMENT OF : McDougall J at 1

DECISION : See paras [247] and [248] of the judgment.

CATCHWORDS : COSTS – indemnity costs – plaintiffs failed to prove case on damages – cross-claimant failed to prove case on causation – no question of principle. - CORPORATIONS – company in liquidation joined as cross-defendant pursuant to leave of Court – company makes further cross-claims whether party seeking joinder should indemnify company for all costs incurred or payable by it.

Corporations Law LEGISLATION CITED : Civil Procedure Act 2005 Professional Standards Act 1994 Trade Practices Act 1974

CATEGORY : Consequential orders

Adams v Thrift [1915] 1 Ch 557 Calderbank v Calderbank [1976] Fam 93 Colgate-Palmolive Co v Cussons Pty Ltd (1993) 118 ALR 248 HTW Valuers (Central Qld) Pty Ltd v Astonland Pty Ltd (2004) 217 CLR 640 Ingot Capital Investment & Ors v Macquarie Equity Capital Markets and Ors [2003] NSW SC 1012 Ingot Capital Investments Pty Ltd and Ors v Macquarie Equity Capital Markets Pty Ltd and Ors [2004] NSW SC 406 Ingot v Macquarie [No.3] [2005] NSWSC 255 Ingot v Macquarie (No.6) [2007] NSWSC 124 CASES CITED : Lahoud v Lahoud [2006] NSWSC 126 Ogilvie Grant v East (1983) 7 ACLR 669 Potts v Miller (1940) 64 CLR 282 Preston v Preston [1982] 1 All ER 41 Sagacious Procurement Pty Ltd v Symbion Health Ltd [2006] NSWSC 779 Smith New Court Securities Ltd v Scrimgeour Vickers (Asset Management) Ltd [1997] AC 254 Thors v Weekes (1989) 92 ALR 131 Vagrand Pty Limited (In Liquidation) v Fielding (1993) 41 FCR 550 White ACT (in liquidation) v G B White [2004] NSWSC 303