NSW Caselaw
New South Wales Supreme Court
CITATION : Melewar Steel Ventures Ltd v Opes Prime Stockbroking Ltd; Terpu v Opes Prime Stockbroking Ltd [2009] NSWSC 22
HEARING DATE(S) : 26/09/08
JUDGMENT DATE : 5 February 2009
JURISDICTION : Equity Division Corporations List
JUDGMENT OF : Barrett J
DECISION : Short minutes to be brought in
CATCHWORDS : PROCEDURE - pleading - application for leave to amend statement of claim - whether claim that one set of contractual provisions superseded or altered another untenable - whether claim that transfer of shares was by way of security untenable - whether claim that statutory response to statutory inquiry about share ownership created trust untenable - whether claim of existence and breach of fiduciary duty untenable - whether alternative bases for pleading misleading or deceptive conduct should be permitted - whether allegation based on existence of relevant inerest in shares requires allegation of factual circumstances making up relevant interest - adequacy of pleading of knowledge in Barnes v Addy claim - adequacy of pleading knowing involvement in statutory misconduct - whether estoppel adequately pleaded
Australian Securities and Investments Commission Act 2001 (Cth), Division 2 Part 2, s 12DA LEGISLATION CITED : Corporations Act 2001 (Cth), ss 608, 609, 671B, 671C, 672A, 672B, 672F, 1041H, Trade Practices Act 1974 (Cth) s 4, 52, 51AF Uniform Civil Procedure Rules 2005, rule 15.3
CATEGORY : Procedural and other rulings
Baden v Société Générale pour Favoriser le Dévelopment du Commerce et de l'Industrie en France SA [1991] 1 WLR 509 Barnes v Addy (1874) LR 9 Ch App 244 Beconwood Securities Pty Ltd v Australia and New Zealand Banking Group Ltd [2008] FCA 594; (2008) 66 ACSR 116 Breen v Williams [1996] HCA 57; (1996) 186 CLR 7l CASES CITED : Farah Constructions Pty Ltd v Say-Dee Pty Ltd [2007] HCA 22; (2007) 230 CLR 89 General Steel Industries Inc v Commissioner for Railways (NSW) [1964] HCA 69; (1964) 112 CLR 125 Daly v The Sydney Stock Exchange Ltd [1985] HCA 25; (1985) 160 CLR 371 Imobilari Pty Ltd v Opes Prime Stockbroking Ltd [2008] FCA 1920 Ross v Allis-Chalmers Australia Pty Ltd (1981) 55 ALJR 8 Yorke v Lucas [1985] HCA 65; (1985) 158 CLR 661
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