Trajkovski v Asiapac Securities Pte Ltd [2015] NSWSC 1432

Supreme Court New South Wales

Medium Neutral Citation: Trajkovski v Asiapac Securities Pte Ltd [2015] NSWSC 1432 Hearing dates: 6 August 2015 Date of orders: 08 August 2015 Decision date: 08 August 2015 Jurisdiction: Common Law Before: Harrison AsJ Decision: The Court orders that:

(1) In so far as the plaintiffs' notice of motion filed 17 April 2015 is concerned, I make an order that they have leave to amend the summons and points of claim as set out in paragraphs [17] to [37] of its points of claim. Such amended summons and amended points of claim are to be filed and served within 14 days.

(2) I decline to make an order that the defendant provide security for costs.

(3) So far as the defendant's notice of motion filed 20 April 2015 is concerned, I stand paragraphs [4] to [8] over to a directions hearing before the Registrar at 9.00 am on 29 October 2015. I dismiss the balance of the notice of motion.

(4) Costs are reserved. Catchwords: CIVIL PROCEDURE – validity of credit agreement – application to file amended summons – security for costs – threshold issue – relevant considerations under UCPR 42.21(1A) – whether company incorporated in Singapore should be ordered to give security for costs Legislation Cited: Civil Procedure Act 2005 (NSW) Corporations Act 2001 (Cth) Real Property Act 1900 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Barnes v Addy (1874) 43 LJ Ch 513; (1874) 22 WR 505 Beach Petroleum NL v Johnson (1992) 10 ACLC 525; (1992) 7 ACSR 203 Bell Wholesale Co Limited v Gates Export Corporation (1984) 52 ALR 176; (1984) 2 FCR 1 Equity Access Ltd v Westpac Banking Corporation [1989] ATPR 40-972 Fiduciary Ltd v Morningstar Research Pty Ltd (2004) 208 ALR 564; [2004] NSWSC 664 Fitzpatrick v Waterstreet (1995) 18 ACSR 694 Idoport Pty Limited v National Australia Bank Ltd [2001] NSWSC 744 KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 13 ACLC 437; (1995) 56 FCR 189 Lynnebry Pty Ltd v Farquhar Enterprises Pty Ltd (1977) 3 ACLR 133 Melville v Craig Nowlan & Associates Pty Ltd [2002] NSWCA 32; (2002) 54 NSWLR 82 Morris v Hanley [2000] NSWSC 957 Narradine Pty Ltd v Mascot Steel & Tools Pty Ltd [2012] NSWSC 385 Odyssey Financial Management Pty Ltd v QBE Insurance (Australia) Ltd [2012] NSWCA 113 Prynew Pty Limited v Nemeth [2010] NSWCA 94 Whyked Pty Limited v Yahoo Australia and New Zealand Pty Limited [2006] NSWSC 1236 Category: Procedural and other rulings Parties: Helen Trajkovski (First Plaintiff) Paul Trajkovski (Second Plaintiff) Ashlee Holdings Pty Ltd (Third Plaintiff) Asiapac Securities Pte Ltd (Defendant) Representation: Counsel: R Parsons (First, Second and Third Plaintiffs) N Mirzai (Defendant)