NSW Caselaw
New South Wales Supreme Court
CITATION : Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2009] NSWSC 563
HEARING DATE(S) : 16/06/08, 17/06/08, 18/06/08, 19/06/08, 20/06/08, 23/06/08, 24/06/08, 25/06/08, 26/06/08, 27/06/08, 30/06/08, 04/07/08, 28/07/08, 29/07/08, 27/08/08, 28/08/08, 24/11/08, 25/11/08, 26/11/08, 27/11/08, 28/11/08, 10/06/09, 11/06/09
JUDGMENT DATE : 18 June 2009
JURISDICTION : Equity Division
JUDGMENT OF : Barrett J
DECISION : Upon Chow Chan Lum and Ka Kow Yeung, by their solicitor, Ted Dorotheos Tzovaras, undertaking to the court to satisfy any adverse costs order that might be made against the first plaintiff up to an amount of $120,000, I order that the defendant's notice of motion filed on 13 May 2009 be dismissed.
CATCHWORDS : PROCEDURE - costs - security for costs - application for security for costs seven years after commencement of proceedings - part-heard after 21 days - changed financial context affecting corporate plaintiff - not disputed that corporate plaintiff impecunious - whether security should be ordered for past costs - whether security should be ordered for future costs - where new owners of corporate plaintiff offer to the court an undertaking to meet adverse costs order up to stated amount
LEGISLATION CITED : Corporations Act 2001 (Cth), ss 440D, 1335 UIniform Civil Procedure Rules 2005, rule 42,21
CATEGORY : Principal judgment
Brocklebank & Co v The King's Lynn Steamship Co (1878) 3 CPD 365 Bryan E Fencott and Associates Pty Ltd v Eretta Pty Ltd & Ors (1987) 16 FCR 497 Buckley v Bennell Design and Constructions Pty Ltd (1974) 1 ACLR 301 Citrus Queensland Pty Ltd v Sunstate Orchards Pty Ltd (No 5) [2006] FCA 1672 Estates Property Investment Corporation Ltd v Pooley (1975) 3 ACLR 256 Gentry Bros Pty Ltd v Wilson Brown & Associates Pty Ltd (1992) 8 ACSR 405 Harvey v Jacob (1817) 106 ER 59 Idoport Pty Ltd v National Australia Bank Ltd [2001] NSWSC 744 Intercraft Cabinets Pty Ltd v Sampas Pty Ltd (1997) 18 WAR 306 CASES CITED : Jazabas Pty Ltd v Haddad [2007] NSWCA 291; (2007) 65 ACSR 276 JWH Turner & Co Ltd v O'Riordan (1923) 40 WN (NSW) 64 Liberty Grove (Concord) Pty Ltd v Mirvac Projects Pty Ltd [2008] NSWSC 48 Massey v Allen (1879) 12 ChD 807 Morris v Hanley [2001] NSWCA 374 Procon (Great Britain) Ltd v Provincial Building Co Ltd [1984] 1 WLR 557 Project 28 Pty Ltd v Barr [2005] NSWCA 240 Project 28 Pty Ltd v Tim Bar Pty Ltd (No 2)[2005] NSWCA 420 Sagacious Procurement Pty Ltd v Symbion Health Ltd [2007] NSWCA 205 Southern Cross Exploration NL v Fire & All Risks Insurance Co Ltd (1985) 1 NSWLR 114 Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2004] NSWSC 986; (2004) 187 FLR 31
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