NSW Caselaw
New South Wales Supreme Court
CITATION : Galadriel Lothlorien Pty Ltd v Station 1 Pty Ltd [2008] NSWSC 91
HEARING DATE(S) : 25 June, 18 – 20 July, 6 August and 13 November 2007
JUDGMENT DATE : 15 February 2008
JURISDICTION : Equity
JUDGMENT OF : Hamilton J
DECISION : Judgment for the second and fourth defendants on the plaintiff's claims on guarantees.
CATCHWORDS : CONTRACTS [146] - General contractual principles – Harsh and unconscionable contracts and statutory remedies – Contracts Review Act 1980 – "Unjust" contract – High interest rate, desperate borrower, inability to negotiate terms – Plaintiff's demands for full contractual interest prevent refinancing.
LEGISLATION CITED : Contracts Review Act 1980 ss 4(1), 6(2), 7 & 9
CATEGORY : Principal judgment
Con-Stan Industries of Australia Pty Ltd v Norwich Winterthur Insurance (Australia) Ltd (1986) 160 CLR 226 Custom Credit Corporation Ltd v Lynch [1993] 2 VR 469 Elkofairi v Permanent Trustee Co Ltd (2002) 11 BPR 20,841 Esanda Financial Corporation v Spence Financial Group Pty Ltd [2006] WASC 177 CASES CITED : Jones v Dunkel (1959) 101 CLR 249 No Fuss Finance v Miller [2006] NSWSC 630 Octapon Pty Ltd v Esanda Finance Corporation Ltd SCNSW (Cole J) 3 February 1989 unreported Perpetual Trustee Co Ltd v Khoshaba [2006] NSWCA 41 St George Bank Ltd v Trimarchi [2004] NSWCA 120 West v AGC (Advances) Ltd (1986) 5 NSWLR 610
Both matters: Galadriel Lothlorien Pty Limited (P) PARTIES : Station 1 Pty Limited (D1) Stojan Paceskoski (D2) Antonio Saglimbeni (D3) Anna Maria Saglimbeni (D4)
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