Hashman v Australian Medico-Legal Group Pty Limited; Claireleigh Mosman Pty Limited v Australian Medico-Legal Group Pty Limited [2016] NSWSC 1773

Supreme Court New South Wales

Medium Neutral Citation: Hashman v Australian Medico-Legal Group Pty Limited; Claireleigh Mosman Pty Limited v Australian Medico-Legal Group Pty Limited [2016] NSWSC 1773 Hearing dates: 30 November, 1 and 7 December 2016 Decision date: 07 December 2016 Jurisdiction: Equity Before: Brereton J Decision: Refer [41]-[43] and [51] Catchwords: LIMITATIONS – action to recover loans – where loans not for fixed terms and repayable on demand – cause of action for recovery arises from date loan was advanced – (NSW) Limitation Act 1969, s 54 – confirmation – financial statements – composite line item for shareholders' loans – whether acknowledgement of loans shown to be included in it – held, it is

CORPORATIONS – members' rights and remedies – minority rights – valuation of shares – discounted cash flow valuation

PROCEDURE – amendment – to join additional plaintiff – where issue as to proper plaintiff emerged late Legislation Cited: (CTH) Family Law Act 1975, s 90UD (NSW) Limitation Act 1969, s 54 Cases Cited: Compania de Electricidad de la Provincia de Buenos Aires Ltd, In re [1980] 1 (Ch) 146 Giacci v Giacci Holdings Pty Ltd [2010] WASCA 233 Jones v Bellgrove Properties [1949] 2 KB 700 Leyland Printing Company Ltd (in administration) v Leyprint Limited [2012] EWHC 2105 (Ch) Ottavio v Hayvio Pty Ltd [2011] NSWSC 1125 Stage Club Ltd v Millers Hotel Pty Ltd (1981) 150 CLR 535 Young v Queensland Trustees Ltd (1959) 99 CLR 560 Category: Principal judgment Parties: In proceedings 2014/170226: Edmund Ian John Hashman (plaintiff) Australian Medico-Legal Group Pty Ltd (first defendant) Mandy Dorothy Holland (second defendant)