In the matter of Mycorp Pty Ltd [2014] NSWSC 1180

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Mycorp Pty Ltd [2014] NSWSC 1180 Hearing dates: 29 July 2014 Decision date: 27 August 2014 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Judgment in favour of relevant defendants against the plaintiff in relevant amounts with interest. Plaintiff to pay first defendant's costs of notice of motion on indemnity basis. Orders deferred for seven days for parties to be heard as to precise form of orders. Catchwords: PROCEDURE - contempt, attachment and sequestration - contempt of court - penalty - whether orders can be made returning relevant monies to companies' bank accounts - whether orders made by consent constituted an implied contract between the parties - considerations relevant to imposition of penalty - whether order for costs against contemnor on indemnity basis constitutes a sufficient penalty. Legislation Cited: - Civil Procedure Act 2005 (NSW) s 100 - Crimes (Sentencing Procedure) Act 1999 (NSW) ss 3A, 21A - Fines Act 1996 (NSW) s 6 - Supreme Court Rules 1970 (NSW) Pt 55, r 13 Cases Cited: - Australian Securities and Investments Commission v Michalik [2004] NSWSC 1259; (2004) 52 ACSR 115 - Australian Securities and Investments Commission v Sigalla (No 4) [2011] NSWSC 62; (2011) 80 NSWLR 113 - Capel v Caram Finance Australia Ltd (Supreme Court (QLD), Muir J, 29 May 1998, unrep) - Chapman v Honig [1963] 2 QB 502; 2 All ER 513 - Circuit Finance Australia (recs and mgrs apptd) (in liq) v Sobbi [2010] NSWSC 912 - Environmental Protection Authority v Barnes [2006] NSWCCA 246 - Fairclough & Sons v Manchester Ship Canal Co (No 2) (1897) 41 SJ 225 - McGuirk v University of New South Wales [2010] NSWSC 448 - McIntyre v Perkes (1988) 15 NSWLR 417 - Midland Marts Ltd v Hobday [1989] 3 All ER 246 - NCR Australia Pty Ltd v Credit Connection Pty Ltd [2005] NSWSC 1118 - Re Agreement of the Mileage Conference Group of the Tyre Manufacturers Conference Ltd [1966] 2 All ER 849 - Re Hudson (decd); Hudson v Hudson [1966] Ch 209; (1966) 1 All ER 110 - Witham v Holloway [1995] HCA 3; (1995) 183 CLR 525 Category: Interlocutory applications Parties: Fred Fajloun (Plaintiff/Respondent) George Khoury (First Defendant/Applicant) Mycorp Group Pty Ltd (Second Defendant) Moonstone River Pty Ltd (Third Defendant) Summer Tides Pty Ltd (Fourth Defendant) Snowy Falls Pty Ltd (Fifth Defendant) Telnac Pty Ltd (Sixth Defendant) Representation: Counsel: M Condon SC (Plaintiff/Respondent) J C Kelly SC (First Defendant/Applicant) Solicitors: Sage Lawyers (Plaintiff/Respondent) Bamford Lawyers (First Defendant/Applicant) File Number(s): 2012/350220