Globus Investments v William [2016] NSWSC 613

Supreme Court New South Wales

Medium Neutral Citation: Globus Investments v William [2016] NSWSC 613 Hearing dates: 10 May 2016 Date of orders: 10 May 2016 Decision date: 10 May 2016 Jurisdiction: Common Law Before: Campbell J Decision: 1. I direct counsel to bring in Short Minutes of Order providing for the provision of security in the sum of $93,755 within 14 days and for a second tranche of security, in the event that the matter does not settle within 14 days of the mediation in the sum of $128,000. 2. plaintiff is to pay the defendants' costs of and incidental to the motion. Catchwords: PROCEDURE– costs – security for costs– plaintiff company not able to meet defendant's costs – where no undertaken given for defendant's costs PROCEDURE– costs of motion– where application was reasonable and necessary Legislation Cited: Corporations Act 2001 (Cth), s 1335 Uniform Civil Procedure Rules 2005 (NSW), r 41.2, 42.21, 42.7 Cases Cited: Aon Risk Services Australia v Australian National University [2009] HCA 27; 239 CLR 175 Berowra Holdings Pty Ltd v Gordon [2006] HCA 32; 225 CLR 364 Commonwealth v Verwayen [1990] HCA 39; 170 CLR 394 Cosmetic Laser Clinic Pty Ltd v Pirintji [2015] NSWSC 1353 Fiduciary v Morningstar Research [2004] NSWSC 664; 208 ALR 564 Hoffmann v Challis (No 2) [2016] NSWSC 269 Malec v J C Hutton Pty Ltd [1990] HCA 20; 169 CLR 638 Sellars v Adelaide Petroleum N L [1994] HCA 4; 179 CLR 332 Southern Cross Exploration NL v Fire & All Risks Insurance Co Ltd (1985) 1 NSWLR 114 Texts Cited: Gino Dal Pont, Law of Costs (3rd ed 2013, LexisNexis Butterworths) Category: Consequential orders (other than Costs) Parties: Globus Investments Pty Ltd (Plaintiff/Respondent) William Pty Ltd (First Defendant/Applicant) Robert Beerworth (Second Defendant/ Applicant) Representation: Counsel: J Peadon (Plaintiff/Respondent) P Afshar (Defendant/Applicant)