BB Retail Capital Pty Ltd v Alexandria Landfill Pty Ltd [2014] NSWSC 1363

Supreme Court New South Wales

Medium Neutral Citation: BB Retail Capital Pty Ltd v Alexandria Landfill Pty Ltd [2014] NSWSC 1363 Hearing dates: 29 September 2014 Decision date: 03 October 2014 Jurisdiction: Equity Division - Commercial List Before: Stevenson J Decision: Notes converted at the rate in terms of issue and level of "organic debt" determined Catchwords: CONTRACT - construction - variation of contract - convertible notes - whether plaintiff's convertible notes were converted at the rate specified in the terms of issue or whether the parties "otherwise agreed" - whether particular debt comprised "organic debt"; PRACTICE AND PROCEDURE - Blatch v Archer principle - whether inference available as to defendants' expert instructions Cases Cited: Blatch v Archer (1774) 1 Cowp 63; 98 ER 969 Codelfa Construction Pty Ltd v State Rail Authority (NSW) [1982] HCA 24; 149 CLR 337 Electricity Generation Corp v Woodside Energy Ltd [2014] HCA 7; 88 ALJR 44 Federal Commissioner of Taxation v Roberts & Smith (1992) 37 FCR 246 Franklins Pty Ltd v Metcash Trading Ltd [2009] NSWCA 407;76 NSWLR 603 Gerard Cassegrain & Co Pty Limited v Cassegrain [2013] NSWCA 453; 305 ALR 612 Newey v Westpac Banking Corporation [2014] NSWCA 319 Pacific Carriers Ltd v BNP Paribas [2004] HCA 35; (2004) 218 CLR 451 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd [2004] HCA 52; (2004) 219 CLR 165 Texts Cited: J W Carter, The Construction of Commercial Contracts, (2013, Hart Publishing) Category: Principal judgment Parties: BB Retail Capital Pty Limited (Plaintiff) Alexandria Landfill Pty Limited (First Defendant) Ian Raymond Malouf (Second Defendant) Representation: Counsel: N Hutley SC with J Williams and T Russell (Plaintiff) B W Walker SC with K Smark SC and D Healey (Defendants) Solicitors: Gilbert & Tobin (Plaintiff) HopgoodGanim (Defendants) File Number(s): SC 2013/68976