Reliance Financial Services (NSW) Pty Ltd (ACN 131 889 766) v Michael Abdallah [2011] NSWSC 1507

Supreme Court New South Wales

Medium Neutral Citation: Reliance Financial Services (NSW) Pty Ltd (ACN 131 889 766) v Michael Abdallah [2011] NSWSC 1507 Hearing dates: 28, 29, 30 September, 4 and 15 November 2011 Decision date: 09 December 2011 Jurisdiction: Equity Division Before: Black J Decision: Statement of Claim dismissed Catchwords: CONTRACT - Construction - Loan Agreements - Whether loan agreements were intended to be operative in accordance with their terms - Whether subsequent payments were monies owing for purposes of loan agreements Legislation Cited: - Evidence Act 1995 (NSW) s 128 - Trustee Act 1925 (NSW) s 9 - Limitation Act 1969 (NSW) ss 11, 42 Cases Cited: - Aksu v Ilhan [2011] NSWSC 970 - Australian Breeders Co-Operative Society Ltd v Jones (1997) 150 ALR 488 - Australian and New Zealand Banking Group Ltd v Frost Holdings Pty Ltd [1989] VR 695 - Briginshaw v Briginshaw (1938) 60 CLR 336 - Commercial Union Assurance Co of Australia Ltd v Ferrcom Pty Ltd (1991) 22 NSWLR 389 - Custom Credit Corp Ltd v Gray [1992] 1 VR 540 - Dalton v Ellis; Estate of Bristow [2005] NSWSC 1252 (2005) 65 NSWLR 134 - DSE (Holdings) Pty Ltd v InterTAN Inc [2004] FCA 1159 - Equuscorp Pty Ltd v Glengallan Investments Pty Ltd [2004] HCA 55; (2004) 218 CLR 471 - First Energy (UK) Ltd v Hungarian International Bank Ltd [1993] 2 Ll Rep 194 - Ho v Powell [2001] NSWCA 168; (2001) 51 NSWLR 572 - Hurst v Vestcorp Ltd (1988) 12 NSWLR 394 - Jones v Dunkel (1959) 101 CLR 298 - Kuhl v Zurich Financial Services Australia Ltd [2011] HCA 11; (2011) 85 ALJR 533 - Neat Holdings Pty Ltd v Karajan Holdings Pty Ltd (1992) 110 ALR 449 - Pang v Bydand Holdings Pty Ltd [2010] NSWCA 175 - Raftland Pty Ltd v Federal Commissioner of Taxation [2008] HCA 21; (2008) 238 CLR 516 - Sharrment Pty Ltd v Official Trustee in Bankruptcy (1988) 18 FCR 449 - Snook v London & West Riding Investments Ltd [1967] 2 QB 786 - The Nominal Defendant v Gabriel [2007] NSWCA 52; (2007) 71 NSWLR 150 - Thorby v Goldberg (1964) 112 CLR 597 - Toohey v Gunther (1928) 41 CLR 181 Texts Cited: - J W Carter, Carter on Contract Category: Principal judgment Parties: Reliance Financial Services (NSW) Pty Limited (Plaintiff) Michael Abdallah (Defendant) Representation: Counsel: M. Ashurst SC, D. Allen (Plaintiff) A. Rogers (Defendant) Solicitors: Proctor & Associates (Plaintiff) Mitry Lawyers (Defendant) File Number(s): 09/291209