Edward Ted Lakis and Anor v Michael Victor Lardis and Anor [2017] NSWSC 321

Supreme Court New South Wales

Medium Neutral Citation: Edward Ted Lakis and Anor v Michael Victor Lardis and Anor [2017] NSWSC 321 Hearing dates: 1 and 2 February 2017, Plaintiffs' and Defendant's Final Submissions and Plaintiffs' Loan Submissions 2 February, Defendant's Additional Final submissions 13 February 2017, Plaintiffs' Reply to Additional Final Submissions 20 February 2017 Decision date: 31 March 2017 Jurisdiction: Common Law Before: Sackar J Decision: See paras [399] to [417] Catchwords: S 37A of the Conveyancing Act 1919 (NSW) - intention to defraud creditors – alienation of property – purchaser in good faith with no notice of intent – credit of witnesses – trial judge's assessment of evidence in absence of cross examination – the rule in Jones v Dunkel Legislation Cited: Bankruptcy Act 1924 (Cth), s 121 Conveyancing Act 1919 (NSW), ss 7, 37A Conveyancing (Amendment) Act 1930 (NSW) Fraudulent Conveyances Act 1571 (Eng) (13 Eliz I, c 5) Law of Property Act 1925 (UK), s 172 Property Law Act 1969 (WA), s 87 Cases Cited: Agusta Pty Ltd v Provident Capital Ltd [2012] NSWCA 26 Ali v Nationwide News Pty Ltd [2008] NSWCA 183 Allied Pastoral Holdings Pty Ltd v Cmr of Taxation (Cth) [1983] 1 NSWLR 1 Ashton v Pratt [2015] NSWCA 12 ASIC v Hellicar (2012) 247 CLR 345 Australian Broadcasting Corporation v XIVth Commonwealth Games Ltd (1988) 18 NSWLR 540 B v U [2012] NSWSC 1416 Barling v Bishopp (1860) 29 Beav. 417 Barton v The Deputy Federal Commissioner of Taxation (1974) 131 CLR 370 Beale v Government Insurance Office of NSW [1997] 48 NSWLR 430 Blatch v Archer (1774) 1 Cowp 63 Browne v Dunn (1893) 6 R 67 Cannane v J Cannane Pty Ltd (in liq) (1998) 192 CLR 557 Cardile v LED Builders Pty Ltd (1999) 198 CLR 380 Christmas v Nicol Bros. Pty Ltd and Anor (1941) 41 NSWSR 317 Civoken Pty Ltd & Anor v Madden Grove Developments Pty Ltd & Ors [2006] VSC 283 Cubillo v Commonwealth (No 2) (2000) 103 FCR 1 Ermogenous v Greek Orthodox Community of SA Inc (2002) 209 CLR 95 Ex parte Mercer, in re Wise (1883) 17 Q.B.D 290 Fox v Percy (2003) 214 CLR 118 Green v Schneller [2002] NSWSC 671 Ho v Powell (2001) 51 NSWLR 572 In re Symon: Public Trustee v Symon [1944] SASR 102 In the matter of Amazon Pest Control Pty Limited [2012] NSWSC 1568 Ingram v Y Twelve [2013] NSWSC 1777 International Air Transport Association v Ansett Australia Holdings Ltd (2008) 82 ALJR 419 John Holland Pty Limited v Kellogg Brown & Root Pty Ltd [2015] NSWSC 451 Jones v Acfold Investments Pty Ltd (1984) 6 FCR 512 Jones v Dunkel (1959) 101 CLR 298 Jones v Sutherland Shire Council [1979] 2 NSWLR 206 Langdon v Gruber [2001] NSWSC 276 Lustre Hosiery Ltd v York (1935) 54 CLR 134 Marcolongo v Chen (2011) 242 CLR 546 Markem Corp v Zipher Ltd [2005] RPC 31 Murtagh v Murtagh [2013] NSWSC 926 Pacific Carriers Ltd v BNP Paribas (2004) 218 CLR 451 Pavlovic v Universal Music Australia Pty Limited (2015) 90 NSWLR 605 Pennimpede v Pennimpede [2009] NSWSC 85 Prentice v Cummins (No 5) (2002) 124 FCR 67 PT Garuda Indonesia Ltd v Grellman (1992) 35 FCR 515 R v Navarolli (2009) 194 A Crim R 96 Re Amazon Pest Control Pty Ltd [2016] NSWSC 609 Re Cummins; Richardson v Cummins (1951) 15 ABC 185 Re Trautwein; Richardson v Trautwein (1944) 14 ABC 61 Regal Castings Ltd v Lightbody [2009] 2 NZLR 433 Shaddock & Associates Pty Ltd v Parramatta City Council (No 1) (1981) 150 CLR 225 Sharp v Anderson (1994) 6 BPR 97,510 Silvera v Savic (1999) 46 NSWLR 124 Singh v Singh [2009] WASCA 53 Smith v Edward [2006] NFSC 11 State Rail Authority of New South Wales v Earthline Constructions Pty Ltd (In Liq) and Others (1999) 160 ALR 588 Stileman v Ashdown (1742) 2 Atk. 477 Taylor v Jones 2 Atk. 600 Textralian Enterprises v Perpetual Trustees (Victoria) Ltd [2000] NSWCA 176 Thomas v Hollier (1984) 156 CLR 152 Toben v Nationwide News Pty Ltd [2016] NSWCA 296 Toll (FGCT) Pty Ltd v Alphapharm Pty Ltd (2004) 219 CLR 165 Toyota Motor Corporation Australia Ltd v Ken Morgan Motors Pty Ltd [1994] 2 VR 106 Trustees of Cummins v Cummins (2006) 227 CLR 278 Twyne's Case (1601) 76 ER 809 Watson v Foxman (1995) 49 NSWLR 315 Wentworth v. Rogers & Anor. [2004] NSWCA 430 Young v Tibbits (1912) 14 CLR 114 Texts Cited: J D Heydon, Cross on Evidence, 9th ed (2013) LexisNexis Butterworths Henry May, May on Fraudulent and Voluntary Conveyances, 3rd ed. (1908) Hon JJ Spigelman AC, "Truth and the Law" (2011) 85 (11) Australian Law Journal 746 Category: Principal judgment Parties: Edward Ted Lakis (First Plaintiff) Amazon Pest Control Pty Ltd (In Liq) ACN 092 833 531 (Second Plaintiff) Michael Victor Lardis (First Defendant) Athena Lardis (Second Defendant) Representation: Counsel: R Newlinds SC, N Bender (Plaintiffs) C Birch SC, B De Buse (Second Defendant)