NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: Webuildem Pty Ltd (Receivers & Managers Appointed) v Arab Bank Australia Ltd [2014] NSWSC 1058 Hearing dates: 25 July 2014 Decision date: 06 August 2014 Jurisdiction: Equity Division - Commercial List Before: Stevenson J Decision: Application dismissed with costs Catchwords: PRACTICE AND PROCEDURE - costs - security for costs - common ground respondent could not meet adverse costs order - burden of proof and evidentiary onus - discretionary factors - whether claim is made bona fide and arguable - whether there is delay in applying for security - whether respondent's impecuniosity attributable to the applicant's conduct - whether order would stultify proceedings Legislation Cited: Competition and Consumer Act 2010 (Cth) Cases Cited: Ballard v Brookfield Australia Investments Ltd [2013] NSWCA 82 Bell Wholesale Co Pty Ltd v Gates Export Corp (No. 2) (1984) 2 FCR 1; FCA 34 Cornelius v Global Medical Solutions Australia Pty Ltd; Farag v Global Medical Solutions Australia Pty Ltd (2014) 98 ACSR 301; NSWCA 65 Epping Plaza Fresh Fruit & Vegetables v Bevendale Pty Ltd [1999] 2 VR 191 Golden Mile Property Investments Pty Ltd (in liquidation) v Cudgegong Australia Pty Ltd [2014] NSWCA 224 Green (as liquidator of Arimco Mining Pty Ltd) v CGU Insurance Ltd [2008] NSWCA 148 In the Matter of Webuildem Pty Limited [2012] NSWSC 708 Jazabas Pty Ltd Haddad (2007) 65 ACSR 276; NSWCA 291 Livingspring Pty Ltd v Kliger Partners (2008) 20 VR 377; VSCA 93 Phoenician Holdings Pty Ltd t/as Cadmus Lawyers v Rahme [2012] NSWSC 1604 Prynew Pty Ltd v Nemeth [2010] NSWCA 94 Webuildem Pty Ltd v Arab Bank Australia Ltd [2012] NSWCA 242 Webuildem Pty Limited v Arab Bank Australia Limited (2013) 300 ALR 99; FCA 37 Yandil Holdings Pty Ltd v Insurance Co of North America (1985) 3 ACLC 542 Category: Interlocutory applications Parties: Webuildem Pty Ltd (Receivers & Managers Appointed) (Plaintiff/Respondent) Arab Bank Australia Ltd (First Defendant/Applicant) Representation: Counsel: D R Pritchard SC (Plaintiff/Respondent) A Lo Surdo SC with B Koch (First Defendant/Applicant) Solicitors: Somerville Legal (Plaintiff/Respondent) Henry Davis York (First Defendant/Applicant) File Number(s): SC 2013/135055
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