Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2015] NSWSC 401

Supreme Court New South Wales

Medium Neutral Citation: Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2015] NSWSC 401 Hearing dates: 30 March 2015 Decision date: 10 April 2015 Jurisdiction: Equity Division - Commercial List Before: Stevenson J Decision: Parties to bring in short minutes to give effect to these reasons and dispose finally of the proceedings Catchwords: JUDGMENTS AND ORDERS – orders necessary to dispose of questions left outstanding from earlier judgment – whether further sums payable – whether trustee and its directors contractually entitled to indemnity costs – whether interest to judgment should be ordered – whether either party achieved substantial success – what costs orders should be made Legislation Cited: Civil Procedure Act 2005 (NSW) Corporations Act 2001 (Cth) Independent Public Business Corporation of Papua New Guinea Act 2002 (PNG) Taxation Administration Act 1953 (Cth) Trustee Act 1925 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Alsop Wilkinson (a firm) v Neary [1996] 1 WLR 1220 Frost v Bovaird [2012] FCAFC 60; (2012) 203 FCR 95 Holding and Management Ltd v Property Holding and Investment Trust plc [1989] 1 WLR 1313 McDonald v Horn [1995] 1 All ER 961 Miller v Cameron (1936) 54 CLR 572 Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2014] NSWSC 1503 Motor Vehicles Insurance Ltd v Woodlawn Capital Pty Ltd [2014] NSWSC 1846 National Trustees Executors and Agency Co of Australasia Ltd v Barnes [1941] HCA 3; (1941) 64 CLR 268 Swiss Bank Corporation v Lloyds Bank Ltd [1982] AC 584 Texts Cited: J D Heydon and M J Leeming, Jacobs' Law of Trusts in Australia, (7th ed 2006, LexisNexis Butterworths) Category: Principal judgment Parties: Motor Vehicles Insurance Limited (Plaintiff) Woodlawn Capital Pty Ltd (First Defendant) Timothy Patrick Breen (Second Defendant) Timothy James McNamara (Third Defendant) Representation: Counsel: J Giles (Plaintiff) J C Kelly SC with D O'Connor (Defendants)