In the matter of Webuildem Pty Limited and In the matter of Maroun Investments Pty Limited [2012] NSWSC 708

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Webuildem Pty Limited and In the matter of Maroun Investments Pty Limited [2012] NSWSC 708 Hearing dates: 22 June 2012 Decision date: 27 June 2012 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Interlocutory Process dismissed. Plaintiffs released from undertakings not to enter Escrow Orders. Parties to be heard as to whether orders should be stayed for short time to preserve Plaintiffs' opportunity to appeal. Parties to be heard as to costs. Catchwords: PRACTICE AND PROCEDURE - Orders - Interlocutory application to stay operation of orders made on 8 March 2012 and several other orders - Orders made after proceedings settled on first day of hearing - Whether orders should be stayed. Legislation Cited: - Civil Procedure Act 2005 (NSW) - ss 56, 56-59, 67, 135 - Corporations Act 2001 (Cth) s 427 - Supreme Court Rules 1970 (NSW) - Uniform Civil Procedure Rules 2005 (NSW) rr 36.15(1), 36.16(2)(b) Cases Cited: - Alati v Kruger (1955) 94 CLR 216 - Australian Broadcasting Commission v Australasian Performing Right Association Ltd [1973] HCA 36; (1973) 129 CLR 99 - Bayblu Holdings Pty Ltd v Capital Finance Australia Ltd [2011] NSWCA 39 - Crescendo Management Pty Ltd v Westpac Banking Corporation (1988) 19 NSWLR 40 - Delnorth Pty Ltd v State Bank of New South Wales (1995) 17 ACSR 379 - Donellan v Watson (1990) 21 NSWLR 335 - Fabare v Arenales (1992) 27 NSWLR 437 - Harvey v Phillips [1956] HCA 27; (1956) 95 CLR 235 - Hortico (Australia) Pty Ltd v Energy Equipment Co (Australia) Pty Ltd (1985) 1 NSWLR 545 - Inglis v Commonwealth Trading Bank of Australia (1972) 126 CLR 161 - Jones v Dunkel [1959] HCA 8; (1959) 101 CLR 298 - Joskovitz v Bonnick [1964] VR 654 - Land Enviro Corp Pty Ltd v HTT Huntley Heritage Pty Ltd [2012] NSWSC 382 - McCann v Switzerland Insurance Australia Ltd [2000] HCA 65; (2000) 203 CLR 579 - Mobile Innovations Ltd v Vodafone Pacific Ltd [2003] NSWSC 309 - Pacific Carriers Ltd v BNP Paribas [2004] 218 CLR 451 - Parist Holdings Pty Ltd v Perpetual Nominees Ltd [2006] NSWSC 599 - Police and Nurses Credit Society Ltd v Weber [2003] WASC 45 - Re Seduce Group Australia Pty Ltd [2011] NSWSC 290 - Senanayake v Cheng [1966] AC 63 - Singh v Ginelle Pty Ltd [2010] NSWCA 310 - Spies v Commonwealth Bank of Australia (1991) 24 NSWLR 691 - Tresize v National Australia Bank Ltd (1994) 50 FCR 134 - Tringali v Stewardson Stubbs & Collett Pty Ltd [1966] 1 NSWR 354 - Venios v Machon (1986) 3 BCL 171 - Victorian Securities Corporation Ltd v Icehot Pty Ltd (recs and mgrs apptd) [2010] NSWSC 1413 Texts Cited: - J D Heydon, Cross on Evidence, 8th Australian ed, LexisNexis Butterworths, 2010 - N C Seddon and M P Ellinghaus, Cheshire and Fifoot's Law of Contract, 9th Australian ed, LexisNexis Butterworths, 2008 Category: Interlocutory applications Parties: Paul Gerard Weston and David Gregory Young (Plaintiffs/First and Second Cross-Defendants) Arab Bank Australia Limited (Third Cross-Defendant) Webuildem Pty Limited (First Defendant/First Cross-Claimant) Maroun Investments Pty Limited (Second Defendant/Second Cross-Claimant) George Maroun Rahme (Third Defendant/Third Cross-Claimant) Nouha Rahme (Fourth Defendant/Fourth Cross-Claimant) Representation: Counsel: A.P. Lo Surdo SC/B.K. Koch (Plaintiffs/Cross-Defendants) B. Coles QC/S. Milanovic (Defendants/Cross-Claimants) Solicitors: Henry Davis York (Plaintiffs/Cross-Defendants) Cadmus Lawyers (Defendants/Cross-Claimants) File Number(s): 11/357909