ARYZTA Australia Pty Ltd v Jakimovski [2015] NSWSC 300

Supreme Court New South Wales

Medium Neutral Citation: ARYZTA Australia Pty Ltd v Jakimovski [2015] NSWSC 300 Hearing dates: 11 March 2015 Date of orders: 31 March 2015 Decision date: 31 March 2015 Jurisdiction: Equity Division Before: Young AJA Decision: 1. The plaintiff's claim against the second defendant (Thomas Jakimovski) fails. 2. Verdict for the second defendant. 3. The plaintiff must pay the costs of the second defendant of the litigation. 4. Order that the second defendant have liberty, if and only if he files a notice of motion within 28 days of the date of delivery of these reasons, to apply for damages for loss suffered by reason of the freezing order. 5. The exhibits may be returned after 28 days. Catchwords: EQUITY – Fiduciary duty – Barnes v Addy case of alleged knowing of receipt – fails on facts Cases Cited: Armstrong v Commonwealth Bank of Australia (1999) 9 BPR 17035 Artcraft Pty Ltd v Dickson [2014] SASC 108 Barnes v Addy (1874) LR 9 Ch App 244 Farah Constructions Pty Ltd v Say-Dee Pty Ltd [2007] HCA 22; 230 CLR 89 Heperu Pty Ltd v Belle [2009] NSWCA 252 Heperu Pty Ltd v Morgan Brooks (No 2) [2007] NSWSC 1438 National Commercial Banking Corporation of Australia Ltd v Batty [1986] HCA 21; 160 CLR 251 O'Connor v Commissioner of Succession Duties (SA) [1932] HCA 28; 47 CLR 601 Perpetual Trustee Co Ltd v Commissioner of Stamp Duties (1935) 36 SR (NSW) 160 (Sargood's case) State Bank of NSW v Chia (2000) 50 NSWLR 587 Union Trustee Co v Webb [1915] HCA 40; 19 CLR 669 Warburton v Whiteley (1989) 5 BPR 11628 Yerkey v Jones [1939] HCA 3; 63 CLR 649 Category: Principal judgment Parties: ARYZTA Australia Pty Ltd (ABN 39100106107) (Plaintiff) Suzana Jakimovski (First Defendant) Thomas Jakimovski (Second Defendant) Representation: Counsel: Mr T Glover (Plaintiff) Mr W Washington (Second Defendant)