CMC (Australia) Pty Limited v Jim Sarantinos & ors [2013] NSWSC 873

Supreme Court New South Wales

Medium Neutral Citation: CMC (Australia) Pty Limited v Jim Sarantinos & ors [2013] NSWSC 873 Hearing dates: In chambers Decision date: 01 July 2013 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Each party bear its own costs Catchwords: COSTS - discontinuance - whether to "otherwise order" - where parties settled save as to costs - where terms of settlement require plaintiff to discontinue proceedings - whether the court should depart from ordinary rule that plaintiff pay defendants' costs upon discontinuance - whether failure of defendants to give appropriate undertaking was unreasonable - whether the plaintiff obtained substantial success in the proceeding Legislation Cited: (Cth) Corporations Act 2001, s 440B, 440D, 442C (NSW) Uniform Civil Procedure Rules 2005, r 12.1, r 42.19 Cases Cited: Fordyce v Fordham (2006) 67 NSWLR 497 Bitannia Pty Ltd v Parkline Constructions Pty Ltd [2009] NSWCA 32 New Cap Reinsurance Corporation Limited (In Liq) v Daya [2012] NSWSC 1205 Permanent Trustee Australia Limited v Stout (1999) 32 ACSR 507 Re Atlantic Computer Systems Plc [1992] Ch 505 Re Minister for Immigration & Ethnic Affairs ex parte Lai Quin (1997) 186 CLR 622 Foukkare v Angreb Pty Limited [2006] NSWCA 335 Category: Costs Parties: CMC (Australia) Pty Limited (ACN 002007427) (plaintiff) Mr Jim Sarantinos (first defendant) Mr Peter James Gothard (second defendant) Timothy James Michael (third defendant) Rollpress Proplate Group Pty Limited (fourth defendant) Representation: Counsel: Mr CM Lawrence (plaintiff) Mr D Klineberg (defendants) Solicitors: Holman Webb (plaintiff) Allens Linklaters (defendants) File Number(s): 2012/ 330201