Tomanovic v Argyle HQ Pty Ltd; Tomanovic v Global Mortgage Equity Corporation Pty Ltd; Sayer v Tomanovic [2010] NSWSC 152

New South Wales Supreme Court

CITATION : Tomanovic v Argyle HQ Pty Ltd; Tomanovic v Global Mortgage Equity Corporation Pty Ltd; Sayer v Tomanovic [2010] NSWSC 152 This decision has been amended. Please see the end of the judgment for a list of the amendments.

HEARING DATE(S) : 1-5, 8-10 February 2010

JUDGMENT DATE : 5 March 2010

JURISDICTION : Equity Common Law

JUDGMENT OF : Austin J

DECISION : Proceedings for relief on statutory oppression grounds dismissed. Judgment for plaintiffs in Common Law proceedings, cross-claim dismissed.

CATCHWORDS : CORPORATIONS - oppression proceedings - alleged failure to carry out arrangements for separation of businesses - no grounds under Part 2F.1 shown - just and equitable ground of winding up - where company is commercially viable

LEGISLATION CITED : Corporations Act 2001 (Cth), ss 232, 233, 461

Accurate Financial Consultants Pty Ltd v Koko Black Pty Ltd (2008) 66 ACSR 325 Australian Broadcasting Corporation v XIVth Commonwealth Games Ltd (1988) 18 NSWLR 540 Baulkham Hills Private Hospital Pty Ltd v GR Securities Pty Ltd (1986) 40 NSWLR 622 Campbell v Backoffice Investments Pty Ltd (2008) 66 ACSR 359; [2008] NSWCA 95 Campbell v Backoffice Investments Pty Ltd (2009) 238 CLR 304; [2009] HCA 25 Carpenter v Carpenter Grazing Co Pty Ltd (1987) BC8701391 Ebrahimi v Westbourne Galleries Ltd [1973] AC 360 Ermogenous v Greek Orthodox Community of SA Inc (2002) 209 CLR 95 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (1998) 28 ACSR 688; [1998] NSWSC 413 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (2001) 37 ACSR 672; NSWCA 97 Fifteenth Eestin Nominees Pty Ltd v Rosenberg (as executor to the estate of Rosenberg, (dec'd)) [2009] VSCA 112 Galaxidis v Galaxidis [2004] NSWCA 111 Giumelli v Giumelli (1999) 196 CLR 101 Helmos Enterprises Pty Ltd v Jaylor Pty Ltd [2005] NSWCA 235 Holt v Burnside & Hollen Australia Pty Ltd [2009] VSC 95 Jankar v Dellmain & Ors [2009] NSWSC 766 John J Starr (Real Estate) Pty Ltd v Robert R Andrew (A'asia) Pty Ltd (1991) 6 ACSR 63 Johnny Oceans Restaurant Pty Ltd v Page [2003] NSWSC 952 Khamo v XL Cleaning Services Pty Ltd (2004) 51 ACSR 397; [2004] NSWSC 1134 Loch v John Blackwood [1924] AC 783 Lucy v Lomas [2002] NSWSC 448 CASES CITED : Malandris v Palmreef Pty Ltd (Unreported, FCA, Mansfield J, 12/3/1997, BC9701374) Malos v Malos (2003) 44 ACSR 511; [2003] NSWSC 118 Masters v Cameron (1954) 91 CLR 353 McMillan v Toledo Enterprises International Pty Ltd (1995) 18 ASCR 603, at 619; [1995] FCA 1664 Morgan v 45 Flers Avenue Pty Ltd (1986) 10 ACLR 692 Nassar v Innovative Precasters Group Pty Ltd (2009) 71 ACSR 343; [2009] NSWSC 342 O'Neill v Phillips [1999] 1 WLR 1092 Parker v NRMA (1993) 11 ACSR 370 Re a Company (No 00709 of 1992); O'Neil v Phillips [1999] 1 WLR 1092 Re Dalkeith Investments Pty Ltd (1984) 9 ACLR 247 Re G Jeffrey (Mens Store) Pty Ltd (1984) 9 ACLR 193 Re JE Cade & Son Ltd [1992] BCLC 213 Re Spargos Mining NL (1990) 3 ACSR 1 Re Yenidje Tobacco Co Ltd [1916] 2 Ch 426 Ruut v Head (1996) 20 ACSR 160 Ryder v Frohlich [2004] NSWCA 472 Short v Crawley (No 30) [2007] NSWSC 1322 Stapp v Surge Holdings Pty Ltd [1999] FCA 545 Sullivan v Sullivan [2006] NSWCA 312 Tasman Capital Pty Ltd v Sinclair [2008] NSWCA 248 Thorby v Goldberg (1964) 112 CLR 597 United Group Rail Services Ltd v Rail Corporation New South Wales [2009] NSWCA 177 Wayde v NSW Rugby League Ltd (1985) 61 ALR 225