In the matter of Civil & Civic Infrastructure Pty Ltd [2015] NSWSC 770

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Civil & Civic Infrastructure Pty Ltd [2015] NSWSC 770 Hearing dates: 19 May 2015 Decision date: 17 June 2015 Jurisdiction: Equity Division - Corporations List Before: Black J Decision: Proceedings for rectification of the share register and for orders winding up the Company be dismissed with costs. Catchwords: CORPORATIONS – rectification of share register – where Plaintiff contended that Defendant held half of Company's shares on trust for Plaintiff – where significant issues of credit of the Plaintiff and Defendant exist – where agreement between the Plaintiff and Defendant said to give rise to the trust a 'gentlemen's agreement' – whether 'gentlemen's agreement' enforceable in law – whether subsequent document executed by Defendant – whether basis for rectification of share register under s 175 of the Corporations Act 2001 (Cth) has been made out. Legislation Cited: - Corporations Act 2001 (Cth) ss 175, 233, 234, 459A, 459P, 459P(2), 459P(3), 461, 461(1), 462(2), 467(4) - Evidence Act 1995 (NSW) s 136 Cases Cited: - Ashton v Pratt [2015] NSWCA 12; (2015) 318 ALR 260 - Bon McArthur Transport Pty Ltd (in liq) (recs & mgrs apptd) v Lange [2007] NSWSC 1371 - Cole v Miles [2002] NSWCA 150 - Grant v John Grant & Sons Pty Ltd (1950) 82 CLR 1 - More v Lam [1981] VR 559 - Peninsula Gold Pty Ltd v Sunbeam Victa Holdings Ltd (1996) 20 ACSR 553 - Re Mogul Stud Pty Ltd [2012] NSWSC 1639 - Walsh Bay Developments Pty Ltd v Federal Commissioner of Taxation (1995) 130 ALR 415 Texts Cited: - B A Garner, Garner's Dictionary of Legal Usage, (3rd ed 2009, Oxford University Press) - B A Garner (ed), Black's Law Dictionary, 10th ed 2014, Thomson Reuters) - J D Heydon & M J Leeming, Jacobs' Law of Trusts in Australia, (7th ed 2006, LexisNexis Butterworths) - J D Heydon, M J Leeming and P G Turner, Meagher, Gummow and Lehane's Equity: Doctrines and Remedies, (5th ed 2015, LexisNexis Butterworths) Category: Principal judgment Parties: Terrance Elfar (Plaintiff) Civil & Civic Infrastructure Pty Ltd (First Defendant) Benjamin Tiplady (Second Defendant) Michael Stefanovski as trustee for Terrance Elfar (Third Defendant) Stuart McGroder (Fourth Defendant) Representation: Counsel: A Ogborne (Plaintiff) J T Johnson (First and Second Defendants)