Haixing Group Pty Ltd v Mary Ann Chan [2015] NSWSC 1637

Supreme Court New South Wales

Medium Neutral Citation: Haixing Group Pty Ltd v Mary Ann Chan [2015] NSWSC 1637 Hearing dates: 30 October 2015 Date of orders: 05 November 2015 Decision date: 05 November 2015 Jurisdiction: Equity Before: Darke J Decision: No order made for extension of operation of caveat. Leave not granted to lodge further caveat. Catchwords: REAL PROPERTY – caveats – extension of caveats – caveator a grantee of call option – whether serious question to be tried that option was validly exercised – Real Property Act 1900 (NSW) s74K.

CONTRACTS – construction and interpretation – call option – requirements for valid exercise of option – whether compliance with requirement of delivery of two executed contracts essential for valid exercise of option Legislation Cited: Real Property Act 1900 (NSW) s 74K Cases Cited: Boreland v Docker [2007] NSWCA 94 Buildev Development Pty Limited v PIC Sales Pty Limited [2003] NSWSC 1245 C & P Syndicate Pty Limited v Reddy [2013] NSWSC 643 Comdox No 24 Pty Limited v Robins [2009] NSWSC 367 Kavia Holdings Pty Limited v Suntrack Holdings Pty Limited [2011] NSWSC 716 Prudential Assurance Co Limited v Health Minders Pty Limited (1987) 9 NSWLR 673 Spectra Pty Limited v Pindari Pty Limited [1974] 2 NSWLR 617 Tonitto v Bassal (1992) 28 NSWLR 564 Young v Lamb [2001] NSWCA 225 Category: Principal judgment Parties: Haixing Group Pty Ltd (Plaintiff) Mary Ann Chan (Defendant) Representation: Counsel: Mr S Chapple (Plaintiff) Mr M W Young SC (Defendant)