Hannon v Doyle [2011] NSWSC 10

Supreme Court New South Wales

Medium Neutral Citation: Hannon v Doyle [2011] NSWSC 10 Hearing dates: 18, 19, 24, 31 May; 1 December 2010 Decision date: 03 February 2011 Before: Barrett J Decision: Short minutes to be brought in Catchwords: CORPORATIONS - statutory derivative action - application by qualified person to bring proceedings on behalf of each of two companies - allegations of breaches of duty by directors of each company - allegations of oppressive and like conduct in affairs of one company of which the other a member - whether serious question to be tried - whether in best interests of company that applicant be granted leave - whether applicant acting in good faith - leave to be granted Legislation Cited: Corporations Act 2001 (Cth), Chapter 2E, ss 229 232, 236(1)(a)(i), (ii), 237, 260B Cases Cited: Aberdeen Railway Co v Blaikie (1854) 1 Macq HL 461 Doyle v Australian Securities and Investments Commission [2005] HCA 78; (2005) 227 CLR 18 Ehsman v Nutectime International Pty Ltd [2006] NSWSC 887; (2006) 58 ACSR 705 Ferrari v Ferrari Investments (Townsville) Pty Ltd [1999] QCA 230; [2000] 2 Qd R 359 Fitzpatrick v Cheal [2010] NSWSC 717 F W V Stanke Holdings Pty Ltd v O'Meara [2007] SASC 413 George A Bond & Co Ltd v Bond (1929) 30 SR(NSW) 15 Maher v Honeysett & Maher Electrical Contractors Pty Ltd [2005] NSWSC 859 Sudojo Consulting Pty Ltd v Africa Pacific Capital Pty Ltd [2008] NSWSC 353 Swansson v R A Pratt Properties Pty Ltd [2002] NSWSC 583; (2002) 42 ACSR 313 Vinciguerra v MG Corrosion Consultants Pty Ltd [2010] FCA 763; (2010) 79 ACSR 293 Wayde v New South Wales Rugby League Ltd [1985] HCA 68; (1985) 180 CLR 459 Winthrop Investments Ltd v Winns Ltd [1975] 2 NSWLR 666 Woolworths Ltd v Kelly (1991) 22 NSWLR 189 Category: Principal judgment Parties: David Ross Hannon (Plaintiff) Alan David Doyle (First Plaintiff) Stephen John Turner (Second Plaintiff) PSG International Financial Engineers Limited (Third Defendant) Afro Pacific Holdings Pty Limited (Fourth Defendant) Derek William Satterthwaite (Fifth Defendant) Africa Pacific Capital Pty Limited (Sixth Defendant) Representation: Counsel: Mr M R Speakman/Mr A P Spencer (Plaintiff) Ms E A Collins (1, 2, 4, 6, 7 Defendants) Solicitors: Arnold Bloch Leibler (Plaintiff) Corrs Chambers Westgarth (1, 2, 4, 6, 7 Defendants) File Number(s): 2009/290715