Narradine Pty Ltd & Anor v Mascot Steel and Tools Pty Ltd & Ors [2012] NSWSC 385

Supreme Court New South Wales

Medium Neutral Citation: Narradine Pty Ltd & Anor v Mascot Steel and Tools Pty Ltd & Ors [2012] NSWSC 385 Hearing dates: 16 April 2012 Decision date: 20 April 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: First Plaintiff to provide security for the Defendants' costs of the proceedings. Form of security to be agreed between the parties or otherwise determined by a Registrar. Proceedings in respect of the First Plaintiff to be stayed if security is not provided when due. Parties have liberty to make submissions as to costs of motion. Catchwords: COSTS - Security for costs - Factors relevant to the exercise of the Court's discretion to order security for costs. Legislation Cited: - Corporations Act 2001 (Cth) ss 223, 461, 1335 - Uniform Civil Procedure Rules 2005 (NSW) rr 42.21, 42.21(1)(d) Cases Cited: - April Fine Paper Macao Commercial Offshore Ltd v Moore Business Systems Australia Ltd [2009] NSWSC 867; (2009) 75 NSWLR 619 - Beach Petroleum NL v Johnson (1992) 7 ACSR 203 - Bryan E Fencott & Associates Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 597 - Caruso Australia Pty Ltd v Portec (Aust) Pty Ltd (1984) 1 FCR 311; 8 ACLR 818 - Deangrove Pty Ltd v Buckby [2002] FCA 1544 - Fiduciary Ltd v Morningstar Research Pty Ltd [2004] NSWSC 664; (2004) 208 ALR 564; - Fiduciary Ltd v Morningstar Research Pty Ltd [2005] NSWSC 442; (2005) 53 ACSR 732 - Funds First Pty Ltd v Owners Corporation Strata Plan 66609 (No 2) [2008] NSWSC 428 - Harpur v Ariadne Australia Ltd (No 2) [1984] 2 Qd R 523; (1984) 8 ACLR 835 - Idoport Pty Ltd v National Australia Bank Ltd [2001] NSWSC 744 - Ingot Capital Investments Pty Ltd v Macquarie Equity Capital Markets Ltd [2002] NSWSC 609 - Jazabas Pty Ltd v Haddad [2007] NSWCA 291; (2007) 65 ACSR 276 - John Bishop (Caterers) Ltd v National Union Bank Ltd [1973] 1 All ER 707 - Karl Suleman Enterprizes Pty Ltd (in liq) v Pham [2010] NSWSC 886 - K & J Acquisitions Pty Ltd v Manauzzi [2009] NSWSC 279 - KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189 - Lagarna Pty Ltd v Bridge Wholesale Acceptance Corporation (Australia) Ltd [2995] 1 VR 150 - Laundry Coin-Wash Nominees Pty Ltd v Dunlop Olympic Ltd (1985) 7 ATPR 40-584 - Second Lenbourne Pty Ltd v Beagle Management Pty Ltd [1999] FCA 486 - Polstead Pty Ltd (in liq) v Shah [2009] NSWSC 560 - Power Infrastructure Pty Ltd v Downer EDI Engineering Power Pty Ltd [2010] FCA 1222 - Prynew Pty Ltd v Nemeth [2010] NSWCA 94 - Ryberg Telecommunications Pty Ltd (in liq) v Optus Mobile Pty Ltd [2011] NSWSC 1286 - Street v Luna Park Sydney Pty Ltd [2006] NSWSC 1317 - Szanto v Bainton [2011] NSWSC 985 - Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2009] NSWSC 563 - Transocean Capital Pty Ltd v AFSIG Pty Ltd [2006] NSWSC 806; (2006) 202 FLR 270 Category: Interlocutory applications Parties: Narradine Pty Ltd (First Plaintiff) Douglas Grant Nelson (Second Plaintiff) Mascot Steel and Tools Pty Ltd (First Defendant) Jaskip Pty Ltd (atf The Wright Settlement Trust) (Second Defendant) Stephen John Wright (Third Defendant) Representation: Counsel: P. Newton (First Plaintiff) P. Reynolds (Defendants) Solicitors: ERA Legal (First Plaintiff) Robertson Hyett (Defendants) File Number(s): 11/250151