ASIC v Sydney Investment House Equities Pty Ltd [2008] NSWSC 814

New South Wales Supreme Court

CITATION : ASIC v Sydney Investment House Equities Pty Ltd [2008] NSWSC 814

HEARING DATE(S) : 5 August 2008

JUDGMENT DATE : 5 August 2008

JURISDICTION : Equity

JUDGMENT OF : Hamilton J

DECISION : Application under r 29.10 that there should be judgment in the third defendant's favour on the plaintiff's claim generally dismissed.

CATCHWORDS : PROCEDURE [110] - Supreme Court procedure – Procedure under Rules of Court – Trial – Application under Uniform Civil Procedure Rules r 29.10 for judgment for third defendant generally – Test to be applied as to whether on the evidence judgment for the plaintiff could not be sustained – On this test plaintiff's evidence to be taken at its highest.

Corporations Act 2001 (Cth) ss 180 to 182 LEGISLATION CITED : District Court Rules 1973 Part 26 r 8 Supreme Court Rules 1970 Part 34 rr 7 & 8 Uniform Civil Procedure Rules 2005 rr 14.28(1)(c), 29.9 & 29.10

CATEGORY : Procedural and other rulings

Australian Securities and Investments Commission v Sydney Investment House Equities Pty Ltd [2008] NSWSC 796 Humphrey v Collyer [1946] VLR 391 Hunt v Watkins (2000) 49 NSWLR 508 Jones v Dunkel (1959) 101 CLR 298 CASES CITED : Mailman v Ellison NSWCA 25 November 1993 unreported Metrolink Victoria Pty Ltd v Auspro Logistics Pty Ltd (2008) 49 MVR 350 Naxakis v Western General Hospital (1999) 197 CLR 269 Protean (Holdings) Ltd v American Home Assurance Co [1985] VR 187 Stephenson v Barham (1977) 136 CLR 190

Australian Securities and Investments Commission (P) Sydney Investment House Equities Pty Ltd (D1) Sydney Investment House Capital Ltd (D2) Edwin James Goulding (D3) Stephen Geagea (D4) PARTIES : Sydney Investment House Pty Ltd (D5) Sydney Investment House (Newcastle) Pty Ltd (D6) Sydney Investment House (Beaconsfield) Pty Ltd (D7) Melbourne Investment House Pty Ltd (D8) Melbourne Investment House (Hawthorn) Pty Ltd (D9) Melbourne Investment House (Collingwood) Pty Ltd (D10)