Huang v Wang [2016] NSWCA 164

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Huang v Wang [2016] NSWCA 164 Hearing dates: 15 April 2016 Date of orders: 18 July 2016 Decision date: 18 July 2016 Before: Bathurst CJ at [1]; McColl JA at [75]; Barrett AJA at [76] Decision: Appeal dismissed Catchwords: CORPORATIONS – application for leave to bring statutory derivative action under s 237 Corporations Act 2001 – whether proceedings were in the company's best interests – where constructive trust sought in derivative proceedings, whether evidence required of capacity to do equity – whether the company could in fact do equity Legislation Cited: Corporation Act 2001 (Cth), s 237 Cases Cited: Blakeney v Blakeney [2016] WASCA 76 Canty v PaperlinX Australia Pty Ltd [2014] NSWCA 309; 9 BFRA 524 Carpenter v Pioneer Park Pty Ltd (in liq) [2004] NSWSC 1007; 51 ACSR 299 Carpenter v Pioneer Park Pty Ltd [2004] NSWSC 973; 186 FLR 104 Chahwan v Euphoric Pty Ltd [2006] NSWSC 1002 Chahwan v Euphoric Pty Ltd [2008] NSWCA 52; 65 ACSR 661 Charlton v Baber [2003] NSWSC 745; 47 ACSR 31 Cooper v Myrtace Consulting Pty Ltd [2014] FCA 480 Dwyer v Calco Timbers Pty Ltd [2008] HCA 13; 234 CLR 124 Fiduciary Ltd v Morningstar Research Pty Ltd [2005] NSWSC 442; 53 ACSR 732 Goozee v Graphic World Group Holdings Ltd [2002] NSWSC 640; 42 ACSR 534 House v The King [1936] HCA 40; 55 CLR 499 Keech v Sandford (1725) 25 ER 23 Licul v Corney [1976] HCA 6; (1994) 180 CLR 213 Macedonian Orthodox Community Church St Petka Inc v His Eminence Petar The Diocesan Bishop of The Macedonian Orthodox Diocese of Australia and New Zealand [2008] HCA 42; (2008) 237 CLR 66 McEvoy v Caplan [2010] NSWCA 115; 78 ACSR 167 O'Meara v FWV Stanke Holdings Pty Ltd [2007] SASC 286 Perpetual Trustee Co Ltd v Khoshaba [2006] NSWCA 41; 14 BPR 26639 Port Stephens Council v Sansom [2007] NSWCA 299; 156 LGERA 125 Roach v Winnote Pty Ltd [2006] NSWSC 231; 227 ALR 758 Swansson v R A Pratt Properties Pty Ltd [2002] NSWSC 583; 42 ACSR 313 Transmetro Corp Ltd v Kol Tov Pty Ltd [2009] NSWSC 350; 71 ACSR 582 Warren v Coombes [1979] HCA 9; 142 CLR 531 Category: Principal judgment Parties: Johnson Huang (First Applicant) Representation: Counsel: G McNally SC / A Knox (Applicants) J R Clarke SC / J S Emmett / M T Fernandes (Respondents)