Dean v Antunes [2016] NSWSC 1845

Supreme Court New South Wales

Medium Neutral Citation: Dean v Antunes [2016] NSWSC 1845 Hearing dates: 17 and 24 November 2015 Decision date: 21 December 2016 Jurisdiction: Equity Before: Lindsay J Decision: (1) A defendant's application to strike out the plaintiff's statement of claim dismissed.

(2) The plaintiff granted leave to amend his statement of claim, including leave to join parties in aid of his case against the defendant. Catchwords: EQUITY – Trusts, trustees and beneficiaries - Proceedings by beneficiary in right of trust against third party – Whether beneficiary can sue third party for common law damages that could be recovered by trustee if trustee willing and able to sue for them – Whether corporations law principle barring recovery of "reflective loss" by shareholder applies by analogy in law of trusts

PRACTICE AND PROCEDURE — Pleadings — Statement of claim – Amendment to statement of claim including leave for joinder of trustee of unit trusts and the plaintiff's co-unitholders – Purpose to bind all interested persons and to avoid multiplicity of proceedings, not assertion of a new cause of action Legislation Cited: Civil Procedure Act 2005 NSW Corporations Act 2001 Cth Limitation Act 1969 NSW Professional Standards Act 1994 NSW Uniform Civil Procedure Rules 2005 NSW Cases Cited: Ballard v Multiplex [2008] NSWSC 1019; (2008) 68 ACSR 208 Carnie v Esanda Finance Corporation Ltd (1995) 182 CLR 398 Chawan v Euphoric Pty Ltd [2009] NSWSC 805; (2009) 73 ACSR 252 Chen v Karandonis [2002] NSWCA 412 Cook v Cook (1986) 162 CLR 376 Foss v Harbottle (1843) 2 Hare 461; 67 ER 189 Fried v National Australia Bank Ltd (2001) 111 FCR 322 General Steel Industries Inc. v Commissioner for Railways (NSW) (1964) 112 CLR 125 Gould v Vaggelas (1985) 157 CLR 215 Hodges v Waters (No. 2) [2015] FCA 264 Johnson v Gore Wood & Co [2002] 2 AC 1 Mercedes Holdings Pty Ltd v Waters (No. 2) [2010] FCA 472; (2010) 78 ACSR 118 Mercedes Holdings Pty Ltd v Waters (No. 3) [2011] FCA 236 Mobil Oil Australia Pty Ltd v Victoria (2002) 211 CLR 1 Parker-Tweedale v Dunbar Bank PLC (No. 1) [1991] Ch 12 Prudential Assurance Co Ltd v Newman Industries Ltd (No. 2) [1982] Ch 204 Sharah v Healey [1982] 2 NSWLR 223 Thomas v D'Arcy [2005] 1 Qd R 666; (2005) 52 ACSR 609 Vplus Holdings Pty Ltd v Bank of Western Australia Ltd [2012] NSWSC 1327; 91 ACSR 545 Wardley Australia Ltd v Western Australia (1992) 175 CLR 514 Webster v Sandersons Solicitors (A firm) [2009] EWCA Civ 830 Texts Cited: Australian Corporation Law - Principles & Practice, vol 1 at [3.2A.0165]