Vista Capital Developments Pty Ltd & anor v Talmarc Pty Ltd & 7 ors [2008] NSWSC 935

New South Wales Supreme Court

CITATION : Vista Capital Developments Pty Ltd & anor v Talmarc Pty Ltd & 7 ors [2008] NSWSC 935

HEARING DATE(S) : 12 August 2008 JURISDICTION : Equity Division Corporations List

JUDGMENT OF : Brereton J

EX TEMPORE JUDGMENT DATE : 12 August 2008

DECISION : The defendants other than the third defendant on notice of today's proceedings. Judgment that the first, second, fifth, sixth, seventh and eighth defendants pay the first plaintiff $1,081,782.

CATCHWORDS : CORPORATIONS – (CTH) Corporations Act 2001, s 1274B – whether plaintiff director of company – whether written consent required pursuant to Corporations Act, s 201D – where ASIC national database records plaintiff as director – whether plaintiff removed as director. - DEEDS – election to sue on deed – where no defence to the deed. - PROCEDURE – whether defendants had notice of proceeding.

(CTH) Corporations Act 2001, ss 175, 201D, 1274B LEGISLATION CITED : (CTH) Trade Practices Act 1974 (NSW) Fair Trading Act 1987 (NSW) Uniform Civil Procedure Rules, r 10.14(3)

CATEGORY : Procedural and other rulings

CASES CITED : Forkserve Pty Ltd v Jack [2000] NSWSC 1064; (2001) ACLC 299

Vista Capital Development Pty Ltd (first plaintiff/sixth cross-defendant) Dimitris Amargianitakis (second plaintiff/seventh cross-defendant) Talmarc Pty Ltd (first defendant/first cross-defendant) Financial Wealth Services Pty Ltd (second defendant/second cross-defendant) PARTIES : Metromart International Pty Ltd (third defendant/fifth cross-defendant) Family T Pty Ltd (fourth defendant/cross-claimant) Vic Duncombe Pty Ltd (fifth defendant/third cross-defendant) Maria Duncombe (sixth defendant/fourth cross-defendant) Maurice Terreiro (seventh defendant) Felix Lyle (eighth defendant)