Ken Tugrul v Tarrants Financial Consultants Pty Limited ACN 086 674 179 [No 4] [2014] NSWSC 291

Supreme Court New South Wales

Medium Neutral Citation: Ken Tugrul v Tarrants Financial Consultants Pty Limited ACN 086 674 179 [No 4] [2014] NSWSC 291 Hearing dates: 4, 5, 19, 20 December 2013; 6,7 February 2014 Decision date: 20 March 2014 Jurisdiction: Equity Division Before: Kunc J Decision: Amended Notice of Motion dismissed Catchwords: COSTS - Security for costs - Test to be applied - Corporate and several natural plaintiffs - Defendant applicant must prove amount of costs likely to be subject of order for costs solely referable to corporate plaintiff's claim Legislation Cited: Australian Securities and Investment Commission Act 2001 (Cth) Corporations Act 2001 (Cth) Fair Trading Act 1987 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Beach Petroleum NL v Johnson (1992) 7 ACSR 203 Bryan E Fencott & Associates Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 497 Cornelius v Global Medical Solutions Australia Pty Ltd; Farag v Global Medical Solutions Australia Pty Ltd [2014] NSWCA 65 HP Mercantile Pty Ltd v Dierickx [2013] NSWCA 87 Livingspring Pty Ltd v Kliger Partners [2008] VSCA 93; (2008) 20 VR 377 Quadrant Constructions Pty Ltd (in liq) v Morgan Smith Barney Australia Pty Ltd [2009] VSC 455 Save the Ridge Inc v Commonwealth of Australia [2004] FCA 1289 Ken Tugrul v Tarrants Financial Consultants Pty Limited (In liquidation) [No 1] [2013] NSWSC 1561 Ken Tugrul v Tarrants Financial Consultants Pty Limited (in liquidation) ACN 086 674 179 [No 3] [2014] NSWSC 38 Category: Interlocutory applications Parties: Ken Tugrul, Kellie Tugrul, Daniel Tugrul, Nassrin Tugrul and K Bricks Pty Limited ACN 097 871 148 (Plaintiffs) Tarrants Financial Consultants Pty Limited ACN 086 674 179 (First Defendant) Mervyn Ross Tarrant (Second Defendant) Stefanie Seco (Third Defendant) Dual Australia Limited as agent for Lumley General Insurance Limited ABN 24 000 035 279 and Dual Australia Limited as agent for Wesfarmers General Insurance Limited ABN 24 000 035 279 (Fourth Defendants) Representation: Counsel: D.R. Campbell SC and A.C. Harding (Plaintiffs) D. Hogan-Doran and I. King (Second Defendant) (4, 5, 19, 20 December 2013) R. Tarrant (in person) (Second Defendant) (6, 7 February 2014) A.S. Martin SC and T. Fishburn (Third Defendant) M.F. Newton (Fourth Defendant) Solicitors: RMB Lawyers (Plaintiffs) Thomsons Lawyers (Second Defendant) Christopher Nicholls & Associates (Third Defendant) Wotton Kearney (Fourth Defendant) File Number(s): 2009/291166 Publication restriction: No