ASIC v Sydney Investment House Equities Pty Ltd [2007] NSWSC 1456

New South Wales Supreme Court

CITATION : ASIC v Sydney Investment House Equities Pty Ltd [2007] NSWSC 1456 This decision has been amended. Please see the end of the judgment for a list of the amendments.

HEARING DATE(S) : 6 December 2007

JUDGMENT DATE : 6 December 2007

JURISDICTION : Equity

JUDGMENT OF : Hamilton J

DECISION : Application to amend further the originating process and the statement of claim in part allowed and in part refused.

CATCHWORDS : PROCEDURE [101] - Supreme Court procedure - Practice under Supreme Court Rules - Amendment - Relevant considerations - Whether prejudice may be cured – Whether stress on litigants a relevant factor.

ASIC v Sydney Investment House Equities Pty Ltd [2007] NSWSC 1189 Ketteman v Hansel Properties Ltd [1987] AC 189 National Australia Bank Ltd v McKay VSC 6 August 1997 unreported CASES CITED : Pringle v Everingham [2006] NSWCA 195 Rebolledo v Royal & Sun Alliance Financial Services Ltd [2002] NSWSC 104 Robert Hughes v Seven Network Ltd [2000] NSWSC 499 Shinn v Commonwealth [2004] VSC 221 State of Queensland v JL Holdings Pty Ltd (1997) 189 CLR 146

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)