P.T. Ltd v NB2 Pty Ltd [2017] NSWSC 309

Supreme Court New South Wales

Medium Neutral Citation: P.T. Ltd v NB2 Pty Ltd [2017] NSWSC 309 Hearing dates: 28/11/2016, 29/11/2016, 30/11/2016, 09/03/2017 and 10/03/2017 Date of orders: 31 March 2017 Decision date: 31 March 2017 Jurisdiction: Equity Before: McDougall J Decision: Plaintiffs to have judgment for $3,537,040.50 together with interest. Cross-claim dismissed. Reserve costs. Catchwords: TRADE PRACTICES – misleading or deceptive conduct – whether representations made – whether reliance – unconscionable conduct – s 51AC Trade Practices Act 1974 (Cth) – RETAIL LEASES – unconscionable conduct – s 62B Retail Leases Act 1994 (NSW) – claim for compensation – s 34(1)(b) Retail Leases Act 1994 (NSW) Legislation Cited: Evidence Act 1995 (NSW) Retail Leases Act 1994 (NSW) Trade Practices Act 1974 (Cth) Cases Cited: Abigroup Contractors Pty Ltd v Sydney Catchment Authority (No.3) (2006) 67 NSWLR Henville v Walker (2001) 206 CLR 459 Travel Compensation Fund v Tambree (2005) 224 CLR 627 Watson v Foxman (1995) 49 NSWLR 315 Category: Principal judgment Parties: P.T. Limited (First Plaintiff) Perpetual Trustee Company Limited (Second Plaintiff) RE1 Limited (Third Plaintiff) NB2 Pty Limited (First Defendant) Michael Panetta (Second Defendant) Nicolas Basile (Third Defendant) Representation: Counsel: A F Fernon / J Nathan (Plaintiffs) A M Hochroth (Defendants)