Calliden Group Limited v Australian Unity Limited [2010] NSWSC 263

New South Wales Supreme Court

CITATION : Calliden Group Limited v Australian Unity Limited [2010] NSWSC 263

HEARING DATE(S) : 22/03/2001 - 26/03/2001, 29/03/2001, 31/03/2001

JUDGMENT DATE : 13 April 2010

JURISDICTION : Equity Division Commercial List

JUDGMENT OF : Einstein J

DECISION : Plaintiffs have established entitlement to declaratory relief. Parties to bring in short minutes of order which will inter alia return the matter to Ernst & Young for further consideration .

CATCHWORDS : Contracts - Proper construction - Deed whereunder plaintive purchases capital in insurance companies - Dispute concerning amount of adjustment to be made to the purchase price following completion and way in which amount of adjustment was to be determined - Consideration of sundry different actuarial methods - Consideration of methods of estimating reinsurance recoveries

LEGISLATION CITED : Evidence Act 1995 (NSW)

CATEGORY : Principal judgment

Australian Broadcasting Commission v. Australasian Performing Right Association Ltd (1973) 129 CLR 99 Briginshaw v Briginshaw (1938) 60 CLR 336 Codelfa Construction Pty Ltd v State Rail Authority of NSW (1982) 149 CLR 337 Cohen & Co v Ockerby & Co Ltd (1917) 24 CLR 288 Downer Engineering Power Pty Ltd v P & H Minepro Australasia Pty Ltd [2007] NSWCA 318 Jones v Dunkel (1959) 101 CLR 298 CASES CITED : Legal & General Life of Australia Limited v A Hudson Pty Limited (1985) 1 NSWLR 314 Neat Holdings Pty Ltd v Karajan Holdings Pty Ltd (1992) 67 ALJR 170 Pedler v Richardson (unreported, Supreme Court of NSW, 16 October 1997, Young J) Reardon Smith Line Ltd v Yngvar Hansen-Tangen [1976] 1 WLR 989 The Council of the Upper Hunter County District v Australian Chilling and Freezing Co Ltd (1968) 118 CLR 429 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165 Watson v Foxman (1995) 49 NSWLR 315