NSW Caselaw
New South Wales Supreme Court
CITATION : RHG Mortgage Securities v BNY Trust [2009] NSWSC 1011
HEARING DATE(S) : 10 September 2009
JUDGMENT DATE : 15 September 2009
JURISDICTION : Equity Division Commercial List
JUDGMENT OF : McDougall J at 1
DECISION : See paragraphs [99] to [103] of the judgment.
CATCHWORDS : CONTRACTS - whether event of default - whether defendants actually aware of event of default. - EQUITY - whether relief against forfeiture available. - INJUNCTIONS - whether serious question to be tried - whether balance of convenience favours grant of relief - whether damages adequate remedy - whether undertaking given provides sufficient protection.
CATEGORY : Procedural and other rulings
Australian Broadcasting Corporation v O'Neill (2006) 227 CLR 57 Beecham Group Ltd v Bristol Laboratories Pty Ltd (1968) 118 CLR 618 CASES CITED : Kolback Securities Ltd v Epoch Mining NL (1987) 8 NSWLR 533 Shepherd v Felt and Textiles of Australia Ltd (1931) 45 CLR 359 Tanwar Enterprises Pty Limited v Cauchi (2003) 217 CLR 315
RHG Mortgage Securities Pty Limited (First Plaintiff) RHG Home Loans Pty Limited (Second Plaintiff) RHG Treasury Services Pty Ltmited (Third Plaintiff) PARTIES : Receivables Servicing Pty Limited (Fourth Plaintiff) BNY Trust Company of Australia Limited (First Defendant) Elektra Purchase No.19 Limited (Second Defendant)
FILE NUMBER(S) : SC 50152/09
I M Jackman SC / J K Taylor (Plaintiffs) COUNSEL : S D Robb QC / M A Jones (First Defendant) M R Speakman SC / S A Lawrance (Second Defendant)
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