In the matter of Metal Storm Limited (subject to a deed of company arrangement) ACN 064 270 006 [2016] NSWSC 306

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Metal Storm Limited (subject to a deed of company arrangement) ACN 064 270 006 [2016] NSWSC 306 Hearing dates: 18 March 2016 Date of orders: 21 March 2016 Decision date: 21 March 2016 Before: Brereton J Decision: Order that the cross-defendant give discovery to the cross-claimant of documents relevant to the issue of what if any damages ASOF has suffered by reason of EQT's established breach of contract, provided that the cross-defendant need not discover documents which have previously been produced by way of discovery or on subpoena in these proceedings or which are publicly available from the Australian Securities and Investments Commission, the Australian Stock Exchange, or the United States Securities and Exchange Commission. Catchwords: PROCEDURE – discovery – where liability established and only remaining issue is damages – where extensive relevant documents have been obtained on subpoena from other sources – whether discovery necessary – whether exceptional circumstances warrant discovery before service of evidence Legislation Cited: (CTH) Corporations Act 2001, s 283HB(1)(d), (g) (NSW) Uniform Civil Procedure Rules 2005, r 21.10, r 21.2, r 21.2(3)(a) Cases Cited: Alexander v Fitzpatrick [1981] Qd R 359; White & Co v Credit Reform Association [1905] 1 KB 653; Kennedy v Dodson [1895] 1 Ch 334 Armstrong Strategic Management and Marketing Pty Ltd & Ors v Expense Reduction Analysts Group Pty Ltd & Ors [2012] NSWSC 393 Bauen Constructions Pty Ltd v NSW Land and Housing Corporation [2014] NSWSC 684 Black & Decker Inc v Flymo Ltd [1991] 1 WLR 753 Boyle v Downs [1979] 1 NSWLR 192 Davies v Eli Lilly & Co [1987] 1 WLR 428 Graphite Energy Pty Ltd v Lloyd Energy Systems Pty Ltd [2014] NSWSC 1326 Hancock v Rinehart [2013] NSWSC 1998 In the matter of Mempoll Pty Ltd, Anakin Pty Ltd and Gold Kings (Australia) Pty Ltd [2012] NSWSC 1057 In the matter of Gerard Cassegrain & Co Pty Ltd [2011] NSWSC 241 James v Royal Bank of Scotland Group plc [2013] NSWSC 402 Leda Manorstead Pty Ltd v Chief Commissioner of State Revenue [2012] NSWSC 913 Leighton International v Hodges; Thiess v Reinforced Earth [2012] NSWSC 458 Naylor v Preston Area Health Authority [1987] 1 WLR 958 Palavi v Radio 2UE Sydney Pty Ltd [2011] NSWCA 264 Pelechowski v Registrar, Court of Appeal (1999) 198 CLR 435 Percy v General Motors-Holden Pty Ltd [1975] 1 NSWLR 289 Republic Coal Pty Ltd v Baralaba Coal Pty Ltd [2009] NSWSC 748 Schutt v Queenan & Anor [2000] NSWCA 341 Syndicate Mortgage Solutions Pty Ltd v Khaled El-Sayed [2008] NSWSC 1396 The Australian Special Opportunity Fund LP v Equity Trustees Wealth Services Ltd (2015) 323 ALR 570; [2015] NSWCA 225 Yamazaki v Mustaca [1999] NSWSC 1083 Category: Procedural and other rulings Parties: The Australian Special Opportunity Fund (cross-claimant/applicant) Metal Storm Limited (subject to a deed of company arrangement)(cross-defendant/respondent) Representation: Counsel: C. Withers w J. Burnett (cross-claimant/applicant) A. McGrath w D Krochmalik (cross-defendant/respondent)