Green (as liquidator of Arimco Mining Pty Ltd) v CGU Insurance Ltd [2008] NSWCA 148

Reported Decision: 67 ACSR 105

New South Wales Court of Appeal

CITATION: Green (as liquidator of Arimco Mining Pty Ltd) v CGU Insurance Ltd [2008] NSWCA 148

HEARING DATE(S): 27 May 2008

JUDGMENT DATE: 20 June 2008

JUDGMENT OF: Hodgson JA at 1; Basten JA at 64; Campbell JA at 82

(1) Leave to appeal and to cross-appeal granted. DECISION: (2) Notice of Appeal and Notice of Cross-Appeal to be filed within fourteen days. (3) Appeal and cross-appeal dismissed. (4) Each party to bear its own costs of the appeal and cross-appeal.

CATCHWORDS: PRACTICE AND PROCEDURE – Security for costs – Liquidator suing personally – General principles as to ordering security for costs against plaintiff liquidators – Litigation funding – Whether involvement of funder for commercial profit relevant to ordering security for costs.

Civil Procedure Act 2005 (NSW) ss 61 and 62 Corporations Law s 1335 Federal Court of Australia Act s 56(1) LEGISLATION CITED: Land and Environment Court Act 1979 s 69(3) Law Reform (Miscellaneous Provisions) Act 1946 (NSW) s 6(4) Supreme Court Act 1970 (NSW) s 23 Uniform Civil Procedure Rules 2005 (NSW) (UCPR) r 2.1, r 42.3, r 42.21, r 51.50

CATEGORY: Principal judgment

Bell Wholesale P/L v Gates Export Corporation (No 2) (1984) 8 ACLR 588 Bhattacharya v Freedman [2001] NSWSC 498 Brocklebank & Co v The King's Lynn Steamship Co (1878) 3 CPD 365 Bryan E Fincott P/L v Eretta P/L (1987) 16 FCR 497 Buckley v Bennell Design & Constructions Pty Limited (1974) 1 ACLR 301 Byrnes v John Fairfax Publications Pty Limited [2006] NSWSC 251 Campbells Cash and Carry Pty Limited v Fostif Pty Limited [2006] HCA 41; 229 CLR 386 Chartspike Pty Limited v Chahoud [2001] NSWSC 585 Cory-Wright and Salmon Limited v KPMG Peat Marwick [1993] 2 NZLR 701 Cowell v Taylor (1885) 31 Ch D 34 Eddy v Mac Audio and Acoustical Consultants Pty Limited [2000] SASC 145 Ferrier and Knight v Civil Aviation Authority [1994] FCA 982 (Lockhart J) Green (as liquidator of Arimco Mining Pty Ltd) v CGU Insurance Ltd [2008] NSWSC 449 Greener v E Kahn and Co Limited [1906] 2 KB 374 Hellen and Fordyce v Alex G Grivas Pty Limited [2002] NSWSC 1019 Hession v Century 21 South Pacific Limited (1992) 28 NSWLR 120 House v The King (1936) 55 CLR 499 CASES CITED: Idoport Pty Limited v National Australia Bank Limited [2001] NSWSC 744 Jonas v Rocklea Spinning Mills Pty Limited [2000] VSC 93 Lucas v Yorke (1983) 50 ALR 228 Maples v Hughes [2002] NSWSC 617 McHenry v Lewis (1882) 22 Ch D 397 Mead v Watson [2005] NSWCA 133; 23 ACLC 718 Melville v Craig Nowlan and Associates Pty Limited [2002] NSWCA 32, 54 NSWLR 82 Merribee Pastoral Industries Pty Limited v Australia & New Zealand Banking Group Limited [1998] HCA 41; 193 CLR 502 Morris v Hanley [2000] NSWSC 957 Norbis v Norbis (1986) 161 CLR 513 Owners – Strata Plan 50530 v Walter Construction Group Limited [2001] NSWSC 820 Pearson v Naydler [1977] 1 WLR 899 at 902; [1977] 3 All ER 531 Re Pavelic Investments Pty Limited (1983) 1 ACLC 1207 Rajski v Computer Manufacture & Design Pty Limited [1982] 2 NSWLR 443 Re Strand Wood Co Limited [1904] 2 Ch 1 Southern Cross Exploration NL v All Risks Insurance Co Limited (1985) 1 NSWLR 114 Timbertown Community Enterprises Limited v Holiday Coast Credit Union Limited (1997) 15 ACLC 1679 Transglobal Capital Pty Ltd v Yolarno Pty Ltd [2004] NSWCA 136 Wentworth v Lloyd (1864) 10 HL Cas 589; 11 ER 1154