Hart Security Australia Pty Ltd v Boucousis & Ors [2014] NSWSC 1654

Supreme Court New South Wales

Medium Neutral Citation: Hart Security Australia Pty Ltd v Boucousis & Ors [2014] NSWSC 1654 Hearing dates: 21 - 24, 28 July, 7 - 10, 13, 14 October 2014 Decision date: 21 November 2014 Jurisdiction: Equity Division Before: Darke J Decision: Amended Statement of Claim is dismissed with costs. Catchwords: EQUITY - fiduciary relationships - company director - whether in breach of fiduciary duty by attempting to divert opportunity away from company and obtain personal benefits - whether in a position of conflict between personal interests and duties to company

EQUITY - remedies - equitable compensation - whether loss of commercial opportunity caused by breach of fiduciary duty

CORPORATIONS - directors - whether director in breach of duties by attempting to divert opportunity away from corporation and obtain personal benefits - Corporations Act 2001 (Cth) ss 181(1), 182(1) and 183(1) Legislation Cited: Corporations Act 2001 (Cth) ss 181(1), 182(1) and 183(1) Uniform Civil Procedure Rules r 29.10 Cases Cited: Barnes v Addy (1874) LR 9 Ch App 244 Beach Petroleum NL v Kennedy [1999] NSWCA 408; (1999) 48 NSWLR 1 Brickenden v London Loan & Savings Co [1934] 3 DLR 465 Chew v The Queen [1992] HCA 18; (1992) 173 CLR 626 Farah Constructions Pty Ltd and others v Say-Dee Pty Limited [2007] HCA 22; (2007) 230 CLR 89 Hasler v Singtel Optus Pty Ltd; Curtis v Singtel Optus Pty Ltd; Singtel Optus Pty Ltd v Almad Pty Ltd [2014] NSWCA 266 Hospital Products Ltd v United States Surgical Corporation and Others [1984] HCA 64; (1984) 156 CLR 41 Howard v Federal Commissioner of Taxation [2014] HCA 21 Hunt v Watkins [2000] NSWCA 229; (2000) 49 NSWLR 508 In the matter of Colorado Products Pty Ltd (in prov liq) [2014] NSWSC 789 Kak Loui Chan v Zacharia [1984] HCA 36; (1984) 154 CLR 178 Maguire and another v Makaronis and another [1997] HCA 23; (1997) 188 CLR 449 O'Halloran v R T Thomas & Family Pty Ltd [1998] NSWSC 596; (1998) 45 NSWLR 262 Pilmer v Duke Group Ltd (in liq) [2001] HCA 31; (2001) 207 CLR 165 Category: Principal judgment Parties: Hart Security Australia (plaintiff)