Prime Capital Securities Pty Ltd v Laperecon Pty Ltd [2012] NSWSC 386

Supreme Court New South Wales

Medium Neutral Citation: Prime Capital Securities Pty Ltd v Laperecon Pty Ltd [2012] NSWSC 386 Hearing dates: 4 April 2012 Decision date: 05 April 2012 Before: McCallum J Decision: Plaintiff restrained until further order from selling security properties as mortgagee Catchwords: MORTGAGES - claim for possession of land and for money sum - cross-claim against mortgagee for unconscionable conduct - application to restrain mortgagee sale of security properties pending determination of cross-claim - whether defendants have sufficiently apparent entitlement to justify order restraining sales - balance of convenience Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth) Cases Cited: A v Harden (No 1) (1984) 59 ALJR 1 American Cyanamid v Ethicon [1975] AC 396 Appleton Papers Inc v Tomasette Paper Pty Ltd [1983] 3 NSLR 208 at 216 Australian Broadcasting Corporation v Lenah Game Meats [2001] HCA 63 Beecham Group Limited v Bristol Laboratory Pty Limited (1968) 118 CLR 618 Farrar v Farrars Ltd (1888) 40 Ch D 395, CA, Kolback Securities v Epoch Minity NL (1987) 8 NSWLR 533 Major v Ward (1847) 5 Hare 598 Category: Interlocutory applications Parties: Prime Capital Securities Pty Ltd (plaintiff) Laperecon Pty Ltd (defendant) Representation: Counsel: M Young SC (plaintiff) C Cassimatis (defendant) Solicitors: Bransgroves Pty Ltd (plaintiff) Mitry Lawyers (defendant) File Number(s): 2012/16942 Publication restriction: None