LA Concrete Pty Ltd v Sywak [2011] NSWDC 122

District Court New South Wales

Medium Neutral Citation: LA Concrete Pty Ltd v Sywak [2011] NSWDC 122 Hearing dates: 24 August 2011 Decision date: 07 September 2011 Jurisdiction: Civil Before: Judge Peter Johnstone Decision: Judgment for the first plaintiff plus costs Catchwords: Contract - oral loan at will by client to accountant - whether loan made by company or individual - application of s 14 of the Limitation Act 1969 - whether interest was simple or compound Legislation Cited: Civil Procedure Act 2005 District Court Act 1973 Limitation Act 1969 Cases Cited: Air Tahiti Nui Pty Limited v Mackenzie [2009] NSWCA 429 Degman Pty Ltd v. Wright (1983) 2 NSWLR 348 DSE (Holdings) Pty Limited v Intertan Inc [2004] FCA 1159 First Energy (UK) Limited v Hungarian International Bank Limited [1993] 2 Lloyd's Rep 194 Franklins Pty Ltd v Metcash Trading Ltd [2009] NSWCA 407 Pacific Carriers Limited v BNP Paribas [2004] HCA 35 Richards v Cornford [2010] NSWCA 99 Toll (FGCT) Pty Limited v Alphapharm Pty Limited [2004] HCA 52 Woodward v McGregor 2003 NSWSC 672 Young v Queensland Trusties Limited (1965) 99 CLR 560 Category: Principal judgment Parties: LA Concrete Pty Limited (First Plaintiff) Mr Luigi Canal (Second Plaintiff) Peter Sywak (Defendant) Representation: Mr J J Loofs of Counsel (Plaintiffs) Mr H Stitt of Counsel (Defendant) Marsdens (Plaintiffs) Polczynski Lawyers (Defendant) File Number(s): 2009/337094 Publication restriction: None