GE Commercial Corporation (Australia) Pty Ltd v Gregory Ronald Wallis and Anne Marie Wallis [2015] NSWSC 704

Supreme Court New South Wales

Medium Neutral Citation: GE Commercial Corporation (Australia) Pty Ltd v Gregory Ronald Wallis and Anne Marie Wallis [2015] NSWSC 704 Hearing dates: 29 April 2015 Date of orders: 04 June 2015 Decision date: 04 June 2015 Jurisdiction: Common Law Before: Adams J Decision: Judgment for the plaintiff. Orders following submissions. Catchwords: CONTRACT – guarantees under a facility agreement discounting rendered invoices – assignment and novation by creditor to 3rd party – whether effective against debtor and guarantors – consent in advance Legislation Cited: Conveyancing Act 1919 (NSW) Corporations Act 2001 (Cth) Cases Cited: CSG Limited v Fuji Xerox Australia Pty Limited [2011] NSWCA 335 Leveraged Equities Limited v Goodridge [2011] FCAFC 3; (2011) 274 ALR 655; (2011) 191 FCR 71 Olsson v Dyson [1969] HCA 3; (1969) 43 ALJR 77; [1969] ALR 443; (1969) 120 CLR 365 Pacific Brands Sport & Leisure Pty Ltd v Underworks Pty Ltd [2006] FCAFC 40; 230 ALR 56; (2006) 149 FCR 395 Category: Principal judgment Parties: GE Commercial Corporation (Australia) Pty Ltd (Plaintiff) Gregory Ronald Wallis and Anne Marie Wallis (Defendants) Representation: Counsel: P. Dowdy (Plaintiff) Defendant in person Solicitors: Norton Rose Fulbright (Plaintiff) Defendant in person File Number(s): 2014/00185858 Publication restriction: None