GPT Funds Management 2 Pty Limited v Footwear Trading Group Pty Ltd [2013] NSWDC 199

District Court New South Wales

Medium Neutral Citation: GPT Funds Management 2 Pty Limited v Footwear Trading Group Pty Ltd [2013] NSWDC 199 Hearing dates: 25 and 26 July 2013 Decision date: 30 July 2013 Jurisdiction: Civil Before: P Taylor SC DCJ Decision: 1. Judgment for the second and third defendants against the plaintiff. 2. No order as to costs. Catchwords: LEASE - breach by tenant - further agreement - liability of covenantors - waiver of forfeiture - election - notice - construction - damages - incentives to new tenant Legislation Cited: Conveyancing Act 1919, s 7, s 13, s 129, s 170, s 171 Corporations Act 2001 (Cth) Interpretation Act 1987, s 76 Cases Cited: 93 GSP Pty Ltd v Advent 8 Pty Limited [2013] NSWDC 135 400 George Street (Qld) Pty Ltd and Ors v BG International Ltd [2010] QSC 66 Ankar Pty Ltd v National Westminster Finance (Australia) Ltd [1987] HCA 15; (1987) 162 CLR 54 BP Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266 Central Estates (Belgravia) Ltd v Woolgar (No. 2) [1972] 1 WLR 1048 Finley v Russell-Jones (1948) 49 SR (NSW) 96 Holme v Brunskill (1877) 3 QBD 495 Ing Funds Management Ltd v Anz Nominees Ltd; Ing Funds Management Ltd v Professional Associations Superannuation Ltd [2009] NSWSC 243 Louinder v Leis [1982] HCA 28; (1982) 149 CLR 509 Masters v Cameron (1954) 91 CLR 353 McDonald v Dennys Lascelles Ltd [1933] HCA 25; (1933) 48 CLR 457 Meredith Projects v Fletcher Construction [2000] NSWSC 493 Owendale Pty Ltd v Anthony (1967) 117 CLR 539 Price v Worwood (1859) 4 H & N 512; (1859) 157 ER 941 Pritchard v Djz Constructions Pty Ltd and Ors; Gilles and Anor v Djz Constructions Pty Ltd and Ors [2012] NSWCA 196 Progressive Mailing House Pty Ltd v Tabali Pty Ltd [1985] HCA 14; (1985) 157 CLR 17 Rasheed v Burns Philp Trustee Co Ltd (1982) NSW ConvR 55-102 Ring v RW & CD Investments Pty Ltd [2004] NSWSC 1045 Segal Securities Ltd v Thoseby [1963] 1 QB 887 Spathis v Hanave Investments Co Pty Ltd [2002] NSWSC 304 Staehr v Federal Lime Co Ltd [1912] SALR 102 Vescio v Westpac Banking Corp [2003] NSWSC 1270 Wong v St Martins Property (Aust) Pty Ltd (New South Wales Supreme Court, McLelland J, 17 October 1990, unreported) Category: Principal judgment Parties: GPT Funds Management 2 Pty Limited ACN 115 026 536 (plaintiff) Footwear Trading Group Pty Ltd ACN 124 696 751 (first defendant) Peter Loccisano (second defendant) Maria Teresa Loccisano (third defendant) Representation: Mr S S Ahmed (plaintiff) Gadens Lawyers (plaintiff) No appearance (defendants) File Number(s): 2012/73426 Publication restriction: No