Stein v Torella Holdings Pty Limited [2009] NSWSC 971

New South Wales Supreme Court

CITATION : Stein v Torella Holdings Pty Limited [2009] NSWSC 971

HEARING DATE(S) : 14 April 2009

JUDGMENT DATE : 17 September 2009

JUDGMENT OF : McLaughlin AsJ

DECISION : 1. I stand the matter over to a date to be fixed by arrangement with my Associate, for the bringing in of short minutes, and, if desired, for argument as to costs.

CATCHWORDS : CONTRACTS -joint venture - taking of an account - calculation of interest - whether interest should be upon a compound basis or simple interest - implication of a term into contract - asserted practice of bankers and financiers - proof of any such practice.

CATEGORY : Principal judgment

Nelson v Dahl (1879) 12 Ch D 568 Re Marquis of Anglesey; Willmott v Gardner [1901] 2 Ch 548 Thornleigh v Tilley (1925) 36 CLR 1 National Bank of Greece SA v Pinios Shipping Company [No 1] [1990] 1 AC 637 CASES CITED : Hungerfords v Walker (1990) 171 CLR 125 Saunders v Nash [1991] 2 VR 63 Alington Group Architects Limited v Attorney-General [1998] 2 NZLR 183 Codelfa Construction Pty Limited v State Rail Authority of New South Wales (1982) 149 CLR 337 Voller v Lloyds Bank Plc [2000] 2 All ER (Comm) 978 Morton v Elgin-Stuczynski [2008] VSCA 25

TEXTS CITED : Chitty on Contracts, (30th ed, 2008)

Rothwell James Donald Stein (Plaintiff) Torella Holdings Pty Limited (First Defendant) PARTIES : Kevin Norman Smith (Second Defendant) Roma Vera Velic (Third Defendant) Marrion Mitchell (Fourth Defendant)

FILE NUMBER(S) : SC 2746 of 2007