Break Fast Investments Pty Ltd v Perikles Giannopoulos (also known as Perry Giannopoulos) & Anor (No 6) [2012] NSWSC 286

Supreme Court New South Wales

Medium Neutral Citation: Break Fast Investments Pty Ltd v Perikles Giannopoulos (also known as Perry Giannopoulos) & Anor (No 6) [2012] NSWSC 286 Hearing dates: 17-19 October 2011, 27 October 2011, 1-3 November 2011, 15 February 2012 Decision date: 28 March 2012 Jurisdiction: Equity Division Before: Black J Decision: Parties to bring in short minutes of order to give effect to judgment. Catchwords: RESTITUTION - Unjust enrichment - Measure of retained enrichment - Determination of the extent of the First Defendant's retained enrichment after judgment in proceedings. Legislation Cited: - Civil Procedure Act 2005 (NSW) ss 56, 98, 98(2), 100 - Strata Schemes Management Act 1996 (NSW) ss 76, 78, 80 - Uniform Civil Procedure Rules 2005 (NSW) r 42.1 Cases Cited: - Abigroup Ltd v Sandtara Pty Ltd [2002] NSWCA 45 - Australia and New Zealand Banking Group Ltd v Westpac Banking Corporation [1988] HCA 17; (1988) 164 CLR 662 - Australian Financial Services and Leasing Pty Ltd v Hills Industries Ltd [2011] NSWSC 267 - Autodesk v Dyason (No 2) (1993) 176 CLR 300 - Banque Belge pour l'Etranger v Hambrouck [1921] 1 KB 321 - Ford by his Tutor Watkinson v Perpetual Trustees Victoria Ltd [2009] NSWCA 186; (2009) 75 NSWLR 42 - Gomba Holdings (UK) Ltd v Monories Finance Ltd (No 2) [1993] Ch 171 - Heperu Pty Ltd v Belle [2011] NSWSC 1151 - Heperu Pty Ltd v Belle [2009] NSWCA 252; (2009) 76 NSWLR 230 - Kernaghan v Corrections Corporation of Australia Staff Superannuation Pty Ltd (No 2) [2007] FCA 1040 - Lipkin Gorman v Karpnale Ltd [1991] 2 AC 548 - Metwally v University of Wollongong (No 2) [1985] HCA 28; (1985) 60 ALR 68 - MK and JA Roche Pty Ltd v Metro Edgley Pty Ltd [2004] NSWSC 780 - Owners - Strata Plan No 36131 v Dimitriou [2009] NSWCA 27; (2009) 74 NSWLR 370 - Parker-Tweedale v Dunbar Bank plc (No 2) [1991] Ch 26 - Port of Brisbane Corporation v ANZ Securities Ltd (No 2) [2002] QCA 158; [2003] 2 Qd R 661 - Re Hallett's Estate; Knatchbull v Hallett (1880) LR 13 Ch D 696 - Ringrow Pty Ltd v BP Australia Pty Ltd [2006] FCA 1446 - Twenty-First Australia Inc v Shade & Anor [1998] NSWSC 325 - Wentworth v Rogers [2002] NSWSC 921 - Wentworth v Wentworth [1999] NSWSC 638 Texts Cited: - D Murr, "Recovering lost assets: Tracing at Common Law and in Equity" (2006) 27 Australian Bar Review 174 - K Mason, J W Cater & G J Tolhurst, Mason & Carter's Restitution Law in Australia, 2 ed, 2008 - Mason & Carter's Restitution Law in Australia Category: Principal judgment Parties: Break Fast Investments Pty Ltd (Plaintiff) Perikles Giannopoulos (also known as Perry Giannopoulos) (First Defendant) Sandra Faraone (Second Defendant) Citigroup Pty Ltd (Third Defendant) Representation: Counsel: R. E. Dubler SC/C. Salpigtidis (Plaintiff) M. K. Condon (First and Second Defendants) S. M. Adams (Third Defendant) Solicitors: Proctor Phair Lawyers (Plaintiff) Sage Solicitors (First and Second Defendants) Langes (Third Defendant) File Number(s): 10/147040