NSW Caselaw
New South Wales Supreme Court
CITATION : Lym International Pty Ltd v Chen; Marcolongo v Lym International Pty Ltd [2009] NSWSC 98
HEARING DATE(S) : 13 – 17, 20 – 24, 27 – 31 October, 3 – 7, 10 – 12, 17, 21 November and 5 December 2008
JUDGMENT DATE : 2 March 2009
JURISDICTION : Equity
JUDGMENT OF : Hamilton J
DECISION : Impugned transaction was entered into in breach of fiduciary duty and of s 37A of the Conveyancing Act 1919.
CATCHWORDS : BANKRUPTCY [209] - Fraudulent disposition of property - Conveyancing Act 1919 s 37A - Proof of intent to defraud - Proof that alienation not to a purchaser in good faith not having notice of the intent to defraud - Onus of proof - EQUITY [35] – General principles – Fiduciary obligations – Conflict of interest and duty – Attorney under power sells to self.
Bankruptcy Act 1966 (Cth) LEGISLATION CITED : Contracts Enforcement Act 1956 (NZ) Conveyancing Act 1919 s 37A Statute 13 Eliz I c 5
CATEGORY : Principal judgment
Andrew (as trustee for the estate of Ward (dec'd)) v Zant Pty Ltd (rec and mgr apptd) (2004) 213 ALR 812 Barton v Deputy Commissioner of Taxation of the Commonwealth of Australia (1974) 131 CLR 370 Chan v Zacharia (1984) 154 CLR 178 CSR Ltd v Della Maddalena (2006) 80 ALJR 458 Fox v Percy (2003) 214 CLR 118 Goodrich Aerospace Pty Ltd v Arsic (2006) 66 NSWLR 186 Green v Schneller (2002) 11 BPR 20,935 Hospital Products Limited v United States Surgical Corporation (1984) 156 CLR 41 Huynh v Helleh Holdings Pty Ltd (2001) 10 BPR 19,333 Kang v Kwan (2002) 11 BPR 20,623 CASES CITED : Maguire v Makaronis (1997) 188 CLR 449 McKenzie v McDonald [1927] VLR 134 National Mutual Property Services (Australia) Pty Ltd v Citibank Savings Ltd [1998] FCA 564 P T Garuda Indonesia Ltd v Grellman (1992) 35 FCR 515 Pedersen v Larcombe [2008] NSWSC 1362 Silvera v Savic (1999) 46 NSWLR 124 Skinner v Frappell [2008] NSWCA 296 Tate v Williamson (1866) LR 2 Ch App 55 The Bell Group Ltd (in liq) v Westpac Banking Corporation [No 9] [2008] WASC 239 Toll (FGCT) Pty Limited v Alphapharm Pty Limited (2004) 219 CLR 165 Tu v Primary Contracting Services Pty Ltd [2009] NSWCA 7
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