Wu v Ling [2016] NSWCA 322

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Wu v Ling [2016] NSWCA 322 Hearing dates: 28 September 2016 Date of orders: 24 November 2016 Decision date: 24 November 2016 Before: Leeming JA at [1] Payne JA at [21] Bergin CJ in Eq at [22] Decision: Appeal dismissed. Cross-appeal allowed. Catchwords: EQUITY – where appellant being defrauded by a third party – where respondent believed appellant being defrauded – where appellant warned by respondent – whether appellant (borrower) was at a special disadvantage in her dealings with the respondent (lender) – whether interest rates on short term loans unconscionable.

PENALTY – whether default interest rate a penalty. Legislation Cited: Contracts Review Act 1980 Cases Cited: Australian Competition and Consumer Commission v C G Berbatis Holdings Pty Ltd (2003) 214 CLR 51; [2003] HCA 18 Baker v Monk (1864) 33 Beav. 419 Bay Bon Investments Pty Ltd v Selvarajah [2008] NSWSC 1251 Blomley v Ryan (1956) 99 CLR 362; [1956] HCA 81 Bridgewater v Leahy (1998) 194 CLR 457; [1998] HCA 66 Clark v Malpas (1862) 31 Beav. 80 Commercial Bank of Australia Ltd v Amadio (1983) 151 CLR 447; [1983] HCA 14 Earl of Aylesford v Morris (1873) LR 8 Ch App 484 Earl of Chesterfield v Janssen (1751) 2 Ves Sen 125 Fry v Lane (1889) 40 Ch D 312 Hart v O'Connor [1985] AC 1000 Jenyns v Public Curator (Q) (1953) 90 CLR 113; [1953] HCA 2 Johnson v Smith [2010] NSWCA 306 Kakavas v Crown Melbourne Limited (2013) 250 CLR 392; [2013] HCA 25 Ling v Pan Pac Investments Pty Ltd; Ling v Wu [2015] NSWSC 850 Ling v Pan Pac Investments Pty Ltd; Ling v Wu (No 3) [2015] NSWSC 1550 Longmate v Ledger (1860) 2 Giff. 157 Louth v Diprose (1992) 175 CLR 621; [1992] HCA 61 Paciocco v Australia and New Zealand Banking Group Ltd (2015) 236 FCR 199; [2015] FCAFC 50 Paciocco v Australia & New Zealand Banking Group Ltd (2016) 90 ALJR 835; [2016] HCA 28 PT Ltd v Spuds Surf Chatswood Pty Ltd [2013] NSWCA 446 Tanwar Enterprises Pty Ltd v Cauchi (2003) 217 CLR 315; [2003] HCA 57 Tonto Home Loans Australia Pty Ltd v Tavares [2011] NSWCA 389 Turner v Windever [2005] NSWCA 73 Category: Principal judgment Parties: Yan Wu (appellant/cross respondent) Albert Ling (respondent/cross appellant) Representation: Counsel: SA Wells (appellant/cross respondent) WG Muddle SC/A Djurdjevic (respondent/cross appellant)