Ying v Song [2010] NSWSC 1500

New South Wales Supreme Court

CITATION : Ying v Song [2010] NSWSC 1500 This decision has been amended. Please see the end of the judgment for a list of the amendments.

HEARING DATE(S) : 27-30 September, 1 October 2010

JUDGMENT DATE : 22 December 2010

JURISDICTION : Equity

JUDGMENT OF : Ward J

DECISION : Plaintiff's claim dismissed

CATCHWORDS : EQUITY - claim by plaintiff that company shares held on constructive trust for him - trust said to arise on application of principles considered in Barclays Bank v Quistclose - claim by plaintiff that company holds moneys paid to it allegedly by way of loan on trust for him - claim for an account of benefits obtained by first defendant from ownership of shares - claim for an account of benefits made by company's use of funds said to have been the subject of loan to company - claim for moneys said to be owing by way of loan to company - consideration of requirements for Quistclose trust - whether first defendant owed fiduciary obligations to plaintiff - HELD - no trust over shares - no trust over moneys as claimed - no moneys owing by company by way of loan as claimed - no entitlement to account - plaintiff's claim dismissed

LEGISLATION CITED : Family Law Act 1975 (Cth) Uniform Civil Procedure Rules 2005 (NSW)

CATEGORY : Separate question

Adamson v Ede [2009] NSWCA 379 Angaston & District Hospital v Thamm (1987) 47 SASR 177 Australian Broadcasting Commission v Lenah Game Meats Pty Ltd (2001) 208 CLR 199 Australasian Conference Association Ltd v Mainline Constructions Pty Ltd (In liq) (1978) 141 CLR 335 Australian Postal Corp v Lutak (1991) 21 NSWLR 584 Barclays Bank Ltd v Quistclose Investments Ltd [1970] AC 567; [1968] 3 All ER 651; [1968] 3 WLR 1097 Beach Petroleum NL v Kennedy and Ors [1999] NSWCA 408 (1999) 48 NSWLR 1; (1999) 33 ACSR 1 Beatty v Guggenheim Exploration Co 122 NE (1919) Birtchnell v Equity Trustees, Executors and Agency Co Ltd (1929) 42 CLR 384 Black & Black v S Freedman & Company [1910] HCA 58; (1910) 12 CLR 105 Boardman v Phipps [1967] 2 AC 46; [1966] 3 All ER 721; [1966] 3 WLR 1009 Brand v Monks [2009] NSWSC 1454 Breen v Williams (1986) 186 CLR 710 Chaina v Alvaro Homes Pty Ltd [2008] NSWCA 353 Cordon v Lesdor [2010] NSWSC 1073 Creak v James Moore & Sons Pty Ltd (1912) 15 CLR 426; (1912) 18 ALR 542; Dialog Pty Ltd v Addease Pty Ltd [2003] FCA 1359 Ehsman v Nutectime [2009] NSWSC 909 Expectation Pty Limited v PRD Realty Pty Limited [2004] FCAFC 189; (2004) 140 FCR 17 Federal Commissioner of Taxation v Clarke (1927) 40 CLR 246 Georges & anor v Peter Wieland & ors [2009] NSWSC 733 Gibson Motorsport Merchandise Pty Limited v Forbes (2006) 149 FCR 569 Government Insurance Office of New South Wales v Bailey (1992) 27 NSWLR 304 Hadid v Redpath [2001] NSWCA 416; (2001) 35 MVR 152 Henderson v Merrett Syndicates Limited [1995] 2 AC 145 Hoffmann-La Roche & Co AG v Secretary of State for Trade and Industry [1975] AC 295 Holt v Protective Commissioner (1993) 31 NSWLR 227 Hospital Products Ltd v United States Surgical Corporation (1984) 156 CLR 41; (1984) 55 ALR 417; (1984) 58 ALJR 587; (1984) 4 IPR 291; [1984] HCA 64 Idemaneo (No 123) P/L v Ticco P/L and Anor [2003] NSWSC 538 In the matter of Travel House of Australia Pty Ltd; Browne v The Deputy Commissioner of Taxation (Murray J, Supreme Court of Victoria, 1978, unreported) John Alexander's Clubs Pty Limited v White City Tennis Club Limited; Walker Corporation Pty Limited v White City Tennis Club Limited [2010] HCA 19 Kassem v Crossley & Anor; Kassem v Krayem & Anor [2000] NSWCA 276 Knight v Knight (1840) 3 Beav 148 Lipman Gorman (a firm) v Karpnale Ltd [1991] 2 AC 548 Lyell v Kennedy (1889) 14 App Cas 437, 459-460; Boardman v Phipps [1967] 2 AC 46 Macquarie Developments Pty Ltd and Anor v Forrester and Anor [2005] NSWSC 674 CASES CITED : Mario Salvo & 2 Ors v New Tel Limited [2005] NSWCA 281 McManus RE Pty Ltd v Ward [2009] NSWSC 440 Meehan v Glazier Holdings Pty Ltd [2002] NSWCA 22 and Jones v Dunkel (1959) 101 CLR 298; [1959] ALR 367; (1959) 32 ALJR 395; (1959) 76 WN (NSW) 278 Michael Wilson & Partners Limited v Robert Colin Nicholls [2009] NSWSC 721 Monie v Commonwealth of Australia [2005] NSWCA 25; (2005) 63 NSWLR 729 Muschinski v Dodds [1985] HCA 78; (1985) 160 CLR 583; (1985) 62 ALR 429 NAIS v Minister for Immigration and Multicultural and Indigenous Affairs [2005] HCA 77; (2005) 228 CLR 470 Nowlan v Marson Transport Pty Ltd [2001] NSWCA 346 Peter Cox Ivestments Pty Ltd (In liq) v International Air Transport Association (1991) 161 ALR 105 Potter v Potter [2003] 3 NZLR 145; [2003] NZFLR 1035 Piras v Egan [2008] NSWCA 59 Public Curator of Queensland v The Union Trustee Company of Australia (1922) 31 CLR 66 Rasmanis v Jurewitsch (1961) 70 SR (NSW) 407; 90 WN (Pt 2) (NSW) 154 Rawley Pty Limited v Bell (No 2) (2007) 61 ACSR 648 Re Armstrong (1960) VR 202 Re Associated Securities Ltd and the Companies Act [1981] 1 NSWLR 742 Re Association of Architects of Australia; Ex parte Municipal Officers Association of Australia (1989) 63 ALJR 298 Re Edelsten; Ex parte Donnelly (1988) 18 FCR 434; (1988) 80 ALR 704; (1988) 12 Fam LR 294 Re Elizabethan Theatre Trust (1991) 30 FCR 491; (1991) 161 ALR 105 Re EVTR [1987] BCLC 646 Re Miles; Ex parte National Australia Bank Ltd v Official Receiver in Bankruptcy (1988-89) 85 ALR 216 Re Vandervell Trusts; White v Vandervell Trustee Ltd [1974] 1 All ER 47 Re Wall; Ex parte Official Receiver v Kemmis (1979) 25 ALR 615 Robb Evans of Robb Evans & Associates v European Bank Ltd [2004] NSWCA 82; (2004) 61 NSWLR 75 Samuel John Maloof v MBF Australia Limited [2007] NSWSC 1020 Seamez v Mclaughlin [1999] NSWSC Simpson v Donnybrook Properties Pty Ltd [2010] NSWCA 229 Spedding v Spedding (1913) 30 WN (NSW) 81 SZBEL v Minister for Immigration and Multicultural and Indigenous Affairs [2006] HCA 63; (2006) 228 CLR 152 Twinsectra Ltd v Yardley [2002] All ER (D) 321 (Mar); [2002] UKHL 12; [2002] 2 AC 164; [2002] 2 All ER 377; [2002] 2 WLR 802 Varma v Varma [2010] NSWSC 786 Walden Properties Ltd v Beaver Properties Pty Ltd [1973] 2 NSWLR 815 Walker v Corboy (1990) 19 NSWLR 382 White City Tennis Club Ltd v John Alexander's Clubs Pty Ltd & Anor [2009] NSWCA 114 White v Overland [2001] FCA 1333 Wright v Atkyns (1823) Turn & R Zobory v Federal Commissioner of Taxation (1995) 64 FCR 86