Friendly Inn Holdings Pty Ltd v St George Bank [2012] NSWSC 441

Supreme Court New South Wales

Medium Neutral Citation: Friendly Inn Holdings Pty Ltd v St George Bank [2012] NSWSC 441 Hearing dates: 17 April 2012 Decision date: 17 April 2012 Jurisdiction: Equity Division Before: Gzell J Decision: No order for costs against sole shareholder. Plaintiffs to pay defendants' costs on the indemnity basis from the commencement of the proceedings Catchwords: PROCEDURE - Costs - successful defendants - plaintiffs companies of straw - sole shareholder funded proceedings and paid security for costs - whether sole shareholder should pay defendants' costs on the indemnity basis Legislation Cited: Civil Procedure Act 2005 Corporations Act 2001 (Cth) Cases Cited: Knight v F P Special Assets Limited [1992] HCA 28; (1992) 174 CLR 178 Jeffery & Katauskas Pty Limited v SST Consulting Pty Ltd [2009] HCA 43; (2009) 239 CLR 75 The Beach Retreat Pty Ltd v Mooloolaba Marina Ltd [2009] QSC 84; [2009] 2 Qd R 356 FPM Constructions v Council of the City of Blue Mountains [2005] NSWCA 340 Oshlack v Richmond River Council [1998] HCA 11; (1998) 193 CLR 72 Category: Costs Parties: Friendly Inn Holdings Pty Ltd (First Plaintiff) Arcadia Developments Pty Ltd (Second Plaintiff) St George Bank (First Defendant) Atle Crowe-Maxwell and John Frederick Lord Receivers and Managers of Hummingbrooke Pty Ltd (Second Defendant) Representation: Counsel: B DeBuse (Plaintiffs) R de Robillard (Defendants) Solicitors: Watson & Watson Solicitors (Plaintiffs) Herbert Geer, Lawyers (Defendants) File Number(s): SC 2011/44927