J Huang & Anor v D Wang & Anor [2015] NSWSC 510

Supreme Court New South Wales

Medium Neutral Citation: J Huang & Anor v D Wang & Anor [2015] NSWSC 510 Hearing dates: 17 March 2015 Decision date: 05 May 2015 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Order that the application for leave to bring statutory derivative proceedings be dismissed with costs. Catchwords: CORPORATIONS – Membership, rights and remedies – Derivative action – Application for grant of leave by shareholder to bring proceedings in name of company against director under Corporations Act 2001 (Cth) s 237 – Whether company will bring proceedings – Whether in the best interests of company that applicant be granted leave – Whether proposed proceedings involved serious questions to be tried. Legislation Cited: - Corporations Act 2001 (Cth) ss 180, 181, 182, 183, 236, 237, 237(2), 1317H Cases Cited: - Bathurst City Council v PwC Properties Pty Ltd [1998] HCA 59; 195 CLR 566 - Bhullar v Bhullar [2003] EWCA Civ 424 - Chan v Zacharia [1984] HCA 36; (1984) 154 CLR 178 - Chahwan v Euphoric Pty Ltd t/as Clay & Michel [2008] NSWCA 52; (2008) 245 ALR 780 - Cole v Miles [2002] NSWCA 150 - Commissioner for Corporate Affairs v Green [1978] VR 505 - Fitzpatrick v Cheal [2010] NSWSC 717 - Forkserve Pty Ltd v Jack [2000] NSWSC 1064; (2000) 19 ACLC 299 - Giumelli v Giumelli [1999] HCA 10; (1999) 196 CLR 101 - Grimaldi v Chameleon Mining NL (No 2) [2012] FCAFC 6; (2012) 200 FCR 296 - Grove v Flavel (1986) 43 SASR 410; 11 ACLR 161 - Howard v Commissioner of Taxation [2014] HCA 21 - John Alexander's Clubs Pty Limited v White City Tennis Club Limited [2010] HCA 19; (2010) 241 CLR 1 - Maher v Honeysett & Maher Electrical Contractors [2005] NSWSC 859 - McNamara v Flavel (1988) 13 ACLR 619; 6 ACLC 802 - MG Corrosion Consultants Pty Ltd v Vinciguerra [2011] FCAFC 31; (2011) 82 ACSR 367 - Natural Extracts Pty Ltd v Stotter (1997) 24 ACSR 110 - Oates v Consolidated Capital Services Ltd [2009] NSWCA 183; (2009) 76 NSWLR 69 - Pilmer v Duke Group Ltd (in liq) [2001] HCA 31; (2001) 207 CLR 165 - Re Colorado Products Pty Ltd (in prov liq) [2014] NSWSC 789 - Re Fishinthenet Investments Pty Ltd and Coastal Waters Seafood Pty Ltd [2014] NSWSC 260 - Re Gladstone Pacific Nickel Ltd [2011] NSWSC 1235; (2011) 86 ACSR 432 - Rosetex Co Pty Ltd v Licata (1994) 12 ACSR 779; 12 ACLC 269 - SEA Food International Pty Ltd v Lam (1998) 16 ACLC 552 - Showtime Management Australia Pty Ltd v Showtime Presents Pty Ltd [2008] NSWSC 618 - Streeter v Western Areas Exploration Pty Ltd (No 2) [2011] WASCA 17; (2011) 82 ACSR 1 - Swansson v RA Pratt Properties Pty Ltd [2002] NSWSC 583; (2002) 42 ACSR 313 - Vinciguerra v MG Corrosion Consultants Pty Ltd [2010] FCA 763; (2010) 79 ACSR 293 - Warman International Ltd v Dwyer [1995] HCA 18; (1995) 182 CLR 544 Texts Cited: - J D Heydon, M J Leeming and P G Turner, Meagher, Gummow and Lehane's Equity: Doctrines and Remedies, 5th ed, LexisNexis Butterworths, 2015 Category: Procedural and other rulings Parties: Johnson Huang (First Plaintiff) Dr Huang Enterprises Pty Ltd (Second Plaintiff) Ismile Dental Pty Ltd atf Ismile Dental Trust (Third Plaintiff) Di Wang (First Defendant) WW Enterprises NSW Pty Ltd (Second Defendant) Representation: Counsel: D R Sulan (Plaintiffs) J S Emmett/A M Cornish (Defendants)