Sino Synergy Investment Company Limited v Maygood Australia Pty Limited; Limei Wang Lee v Yehan Koo; Yi-Fawn Lee v Yehan Koo (No. 2) [2012] NSWSC 784

Supreme Court New South Wales

Medium Neutral Citation: Sino Synergy Investment Company Limited v Maygood Australia Pty Limited; Limei Wang Lee v Yehan Koo; Yi-Fawn Lee v Yehan Koo (No. 2) [2012] NSWSC 784 Hearing dates: 31 May 2012 Decision date: 29 June 2012 Jurisdiction: Equity Division Before: Slattery J Decision: Interest should be calculated at the rate of 10 per cent from the date of Sino's advances up to the date of judgment on a non-compounding basis. Sino is not entitled to an order for indemnity costs against Maygood but to an order for 40 per cent of its costs of all the proceedings. Catchwords: INTEREST - issues of calculation of interest after the principal judgment (Sino Synergy Investment Co Ltd v Maygood Australia Pty Ltd; Lee v Koo [2012] NSSWSC 92) - from what date should interest be calculated - whether or not interest should be calculated on a compounding basis - COSTS - issues of costs after the principal judgment - whether Sino is entitled to indemnity costs - what apportionment of costs is appropriate given Sino was unsuccessful in some of the proceedings. Cases Cited: Elite Protective Personnel Pty Ltd v Salmon [2007] NSWCA 322 James v Surf Road Nominees Pty Ltd (No 2) [2005] NSWCA 296 Macquarie International Health Clinic Pty Ltd v Sydney South West Area Health Service (No 2) [2011] NSWCA 171 Rae v Beddison Corporation Pty Ltd (No 2) [2009] NSWSC 178 Roads and Traffic Authority v McGregor (No 2) [2005] NSWCA 453 Sino Synergy Investment Company Limited v Maygood Australia Pty Limited; Limei Wang Lee v Yehan Koo; Yi-Fawn Lee v Yehan Koo [2012] NSWSC 92 Seven Sydney Pty Ltd v Fuji Xerox Australia Pty Ltd [2004] NSWSC 1081 Category: Separate question Parties: Plaintiffs- Sino Synergy Investment Company Limited, Limei Wang Lee, Yi-Fawn Lee Defendants- Maygood Australia Pty Limited, Yehan Koo Representation: Plaintiffs-A. Spencer Defendants-M.Aldridge SC, F.Sinclair Plaintiffs-H.McNair, Holding Redich Defendants-K.Steele, DC Balog & Associates File Number(s): (2009/287922); (2010/64562); (2010/64176) Publication restriction: No