In the matter of JGS Investment Holdings Pty Ltd [2014] NSWSC 1532

Supreme Court New South Wales

Medium Neutral Citation: In the matter of JGS Investment Holdings Pty Ltd [2014] NSWSC 1532 Hearing dates: 20 October 2014 Decision date: 03 November 2014 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Parties to be provided opportunity to consider judgment and implications for proposed pleading. Catchwords: PROCEDURE - application for leave to file amended originating process and statement of claim - joinder of party to proceedings -whether permitting additional issues to be raised in these proceedings and joinder would facilitate the just, quick and cheap resolution of real issues in proceedings - principles of case management - whether proposed pleadings state the claim with sufficient clarity - whether proposed pleadings disclose reasonable causes of action - reflective loss - whether shareholder can claim compensation in oppression suit quantified by reference to personal loss derived from company's loss - particularisation of loss and causation. Legislation Cited: - Civil Procedure Act 2005 (NSW) s 56 - Corporations Act 2001 (Cth) ss 9, 79, 180, 181, 181(2), 182, 182(2), 183, 183(2), 232, 233, 233(1)(f), 233(1)(g), 237, Pt 2F.1 - Corporations Law s 260 Cases Cited: - Atlasview Ltd v Brightview Ltd [2004] BCC 542 - Campbell v Backoffice Investments Pty Ltd [2008] NSWCA 95; (2008) 66 ACSR 359 - Campbell v Backoffice Investments Pty Ltd [2009] HCA 25; (2009) 238 CLR 304 - Ekes v Commonwealth Bank of Australia [2014] NSWCA 336 - Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd [2001] NSWCA 97; (2001) 37 ACSR 672 - Gamlestaden Fastigheter AB v Baltic Partners Ltd [2007] UKPC 26; [2007] 4 All ER 164 - Hasler v Singtel Optus Pty Ltd [2014] NSWCA 266; (2014) 311 ALR 494 - LPD Holdings (Aust) Pty Ltd v Phillips [2013] QSC 225; (2013) 281 FLR 227 - Mercedes Holdings Pty Ltd v Waters (No 3) [2011] FCA 236 - Power v Ekstein [2009] NSWSC 130 - Power v Ekstein [2010] NSWSC 137; (2010) 77 ACSR 302 - Re Chime Corporation Ltd (2004) 7 HKCFAR 546 - VPlus Holdings Pty Ltd v Bank of Western Australia Ltd [2012] NSWSC 1327; (2012) 91 ACSR 545 Category: Interlocutory applications Parties: Glenn Redman (Plaintiff) JGS Investment Holdings Pty Ltd (First Defendant) Simon Arraj (Second Defendant) Joe Arraj (Third Defendant) Danny Arraj (Proposed Fourth Defendant) Representation: Counsel: D Forrester (Plaintiff) J C Giles (Second and Third Defendants) G Ng (Proposed Fourth Defendant) Solicitors: Clayton Utz (Plaintiff) Lionheart Lawyers Pty Ltd (Second and Third Defendants) Yeldham Price O'Brien (Proposed Fourth Defendant) File Number(s): 2012/32969