In the matter of Ikon Group Limited (No 2) [2015] NSWSC 981

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Ikon Group Limited (No 2) [2015] NSWSC 981 Hearing dates: 13 May 2015 Date of orders: 13 May 2015 Decision date: 13 May 2015 Jurisdiction: Equity Division - Corporations List Before: Brereton J Decision: Certain claims in the originating process stayed and referred to arbitration. Catchwords: INTERNATIONAL ARBITRATION – application for stay of court proceedings and referral to arbitration – whether claims pertain to disputes or differences arising out of or in connection with joint venture documents – where some but not all relief claimed cannot be granted by arbitrator – held, stay granted and certain matters referred to arbitration. Legislation Cited: (Cth) Corporations Act 2001, s 1322 (Cth) International Arbitration Act 1974, s 7, s 16 UNCITRAL Model Law on International Commercial Arbitration 1985, art 8 Cases Cited: Paper Products Pty Ltd v Tomlinsons (Rochdale) Limited; Nigel Watts and David Murphy [1993] FCA 346; (1993) 116 ALR 163; (1993) 43 FCR 439 Rinehart v Welker [2012] NSWCA 95 Samick Lines Company Limited v Owners of the Antonis P Lemos [1985] AC 711 Tanning Research Laboratories Inc v O'Brien (1990) 169 CLR 332 Category: Principal judgment Parties: Ikon Group Limited (plaintiff) Ikon (Australia) Pty Limited (first defendant) Naser Taher (second defendant) Multitrade Financial Group Limited (third defendant) Yehya El-Taher (fourth defendant) Dominic Lim (fifth defendant) Representation: Counsel: M Condon SC w M Karram (plaintiff) P S Braham SC w K J Williams (first and second defendants) A d'Arville (fifth defendant)