Symond v Gadens Lawyers Sydney Pty Ltd (No 2) [2013] NSWSC 1578

Supreme Court New South Wales

Medium Neutral Citation: Symond v Gadens Lawyers Sydney Pty Ltd (No 2) [2013] NSWSC 1578 Hearing dates: 17 October 2013 Decision date: 31 October 2013 Jurisdiction: Common Law Before: Beech-Jones J Decision: (1) The notice of motion filed 2 August 2013 is dismissed. (2) Judgment for the Plaintiff against the First Defendant in the sum of $4,979,800.00. Catchwords: DAMAGES - calculation of economic loss - interest and earnings - calculating the offsetting value of the benefit of the restructure - termination date for calculating that benefit - whether dividend flow to third party beneficiaries the same amount or percentage in the hypothetical and real worlds - timing of tax payments.

PROCEDURE - re-opening after publication of reasons for judgment but before orders are made. Legislation Cited: - Civil Procedure Act 2005 - Fringe Benefits Tax Assessment Act 1986 (Cth) - Trade Practices Act 1974 (Cth) - Uniform Civil Procedure Rules 2005 Cases Cited: - Autodesk Inc v Dyason (No 2) [1993] HCA 6; 176 CLR 300

- Compagnie Noga D'Importation et D'Exportation SA v Abacha [2001] 3 All ER 513 - Fightvision Pty Ltd v Onisforou; Tszyu v Fightvision Pty Ltd [1999] NSWCA 323; 47 NSWLR 473 - Grljusich v Andrews [2003] WASCA 206 - New Cap Reinsurance Corporation Ltd v AE Grant & Ors, Lloyd's Syndicate No 991 [2009] NSWSC 950 - Perpetual Trustees Australia Ltd v Heperu Pty Ltd (No 2) [2009] NSWCA 387; 78 NSWLR 190 - R v Ireland (1970) 126 CLR 321 - Symond v Gadens Lawyers Sydney Pty Ltd [2013] NSWSC 955 - Urban Transit Authority of New South Wales v Nweiser (1992) 28 NSWLR 471 Category: Consequential orders Parties: John Joseph Symond (Plaintiff) Gadens Lawyers Sydney Pty Ltd (1st Defendant) Representation: Counsel: A.J. Payne SC, J.O. Hmelnitsky SC (Plaintiff) S.R. Donaldson SC, B.L. Jones (First Defendant) Solicitors: Baker & McKenzie (Plaintiff) DLA Piper Australia (First Defendant) File Number(s): 2009/297612