David Alan Thomson & Ors v Golden Destiny Investments Pty Limited & Ors (No 2) [2015] NSWSC 1929

Supreme Court New South Wales

Medium Neutral Citation: David Alan Thomson & Ors v Golden Destiny Investments Pty Limited & Ors (No 2) [2015] NSWSC 1929 Hearing dates: 29 October 2015 (hearing), written submissions dated 28 October 2015, 13 November 2015, 2 December 2015 (NGI), 5 November 2015, 25 November 2015, 2 December 2015, 15 December 2015 (Avondale), 26 October 2015, 5 November 2015, 4 December 2015 (plaintiffs), 17 October 2015, 4 December 2015 (MVGDD), 3 November 2015, 4 December 2015 (GDI) Date of orders: 17 December 2015 Decision date: 17 December 2015 Before: Sackar J Decision: See [154]-[160] Catchwords: COSTS – indemnity costs – basis for awarding indemnity costs – conduct of proceedings – whether reasonable basis for making and maintaining certain claims – where claims abandoned during hearing

PRACTICE AND PROCEDURE – monies paid into Court – status of monies paid into Court – whether payment out should be made – whether monies subject to pre-existing trust – whether monies trust asset subject to a charge – where multiple parties claiming interest in monies in Court – priority of interests Legislation Cited: Civil Procedure Act 2005 (NSW) Personal Properties Security Act 2009 (Cth) Real Property Act 1900 (NSW) Trustee Act 1925 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Agusta Pty Ltd v Provident Capital Ltd [2012] NSWCA 26 Barclays Bank Ltd v Quistclose Investments Ltd [1970] AC 567 Baulderstone Hornibrook Engineering Pty Ltd v Gordian Runoff Ltd (No 2) [2009] NSWCA 12 Byrnes v Kendle (2011) 243 CLR 253 Commissioner of Taxation v Fitzroy All Pty Ltd [2013] WASC 427 Corozo Pty Ltd v Total Australia Ltd [1988] 2 Qd R 366 Drexler v Karabay [2014] NSWSC 1863 Dura (Australia) Constructions Pty Ltd v Hue Boutique Living Pty Ltd [2014] VSCA 326 Gatsios Holdings Pty Ltd v Kritharas Holdings (in liq) [2002] NSWCA 29 General Credits Ltd v Tawilla Pty Ltd [1984] 1 Qd R 388 Harmer v Commissioner of Taxation (Cth) (1991) 173 CLR 264 Harrison v Schipp [2001] NSWCA 13 JKB Holdings Pty Ltd v de la Vega [2013] NSWSC 501 John Alexander's Clubs Pty Ltd v White City Tennis Club Ltd (2010) 241 CLR 1 Re Australian Elizabethan Trust (1991) 30 FCR 491 Re Goldcorp Exchange Ltd [1995] 1 AC 74 Sewell v Zelden (No 2) [2010] NSWSC 1181 Thomson v Golden Destiny Investments Pty Limited [2015] NSWSC 1176 Trustee Act 1925 (NSW) Vertical Australia Pty Ltd v Air Company Vertical-T LLC [2012] NSWSC 719 Wentworth v Rogers [1999] NSWCA 403 Texts Cited: Heydon JD and Leeming MJ , Jacobs' Law of Trusts (7th edition, LexisNexis Butterworths, 2006) Category: Costs Parties: David Alan Thomson – first plaintiff Tracy Spencer – second plaintiff Joseph Luis Alonso – third plaintiff Kay Alison Brunton Alonso – fourth plaintiff John Sydney Wolfe – fifth plaintiff Janyce Robin Wolfe – sixth plaintiff Malcolm Richard Smith – seventh plaintiff Katherine Anne Smith – eighth plaintiff Pera Marion Webb – ninth plaintiff Maureen Lee Theobald – tenth plaintiff Golden Destiny Investments Pty Ltd (ACN 163 123 359) – first defendant MV Golden Destiny Development (Turramurra) Pty Ltd (ACN 169 649 923) – second defendant New Galaxy Investments Pty Ltd (ACN 163 095 234) – third defendant Representation: Counsel: G Sirtes SC, N Bilinsky - plaintiffs M Darke SC, J C Lee - first defendant, thirteenth defendant M Ashhurst SC, D Allen - second defendant M Cashion SC, J Donohoe (until 26 May 2015), M Einfeld QC, D Krochmalik (after 26 May 2015) - third defendant L Gyles SC, B McManus - fourteenth cross-defendant M Condon, M Auld – Avondale Lawyers and the former receivers of NGI