Piazza Trevi v Cromwell BT Pty Ltd as custodian for the Cromwell Symantec House Trust. [2017] NSWSC 794

Supreme Court New South Wales

Medium Neutral Citation: Piazza Trevi v Cromwell BT Pty Ltd as custodian for the Cromwell Symantec House Trust. [2017] NSWSC 794 Hearing dates: Defendant's Opening Submissions 12 May 2017, Plaintiff's Opening Submissions 15 May 2017, Hearing 16, 17 May 2017, Plaintiff's closing written submissions 29 May 2017, Defendant's closing written submissions 30 May 2017, Plaintiff's closing written submissions in reply 31 May 2017, closing oral submissions 31 May 2017. Decision date: 19 June 2017 Jurisdiction: Equity - Expedition List Before: Sackar J Decision: See [364] Catchwords: Option to renew – waiver of option to renew – relief against forfeiture arising from failure to exercise option to renew – construction of contracts – estoppel – misleading and deceptive conduct – unconscionability – credit of witnesses. Legislation Cited: Australian Consumer Law (Competition and Consumer Act 2010 (Cth) Sch 2) Conveyancing Act 1919 (NSW) Cases Cited: Agricultural and Rural Finance Pty Ltd v Gardiner (2008) 238 CLR 570 Ashton v Pratt (2015) 88 NSWLR 281 ASIC v Hellicar (2012) 247 CLR 345 Attorney-General of New South Wales v World Best Holdings Ltd (2005) 63 NSWLR 557 Austotel Pty Ltd v Franklins Selfserve Pty Ltd (1989) 16 NSWLR 582 B.S. Stillwell & Co. Pty Ltd v Budget Rent-A-Car System Pty Ltd [1990] VR 589 Ballas v Theophilos (No 2) (1957) 98 CLR 193 Barrow v Trustees [1891] 1 Q.B. 417 Beale v Government Insurance Office of NSW [1997] 48 NSWLR 430 Blatch v Archer (1774) 1 Cowp 63 Bondi Beach Astra Retirement Village Pty Ltd v Gora (2011) 82 NSWLR 665 Bowman & I H Bowman Pty Limited v Durham Holdings Pty Limited (1973) 131 CLR 8 Burrell v Cameron (1997) 8 BPR 15,443 Butcher v Lachlan Elder Realty Pty Limited (2004) 218 CLR 592 Campbell v Backoffice Investments Pty Ltd (2009) 238 CLR 304 Christmas v Nicol Bros. Pty Ltd and Anor (1941) 41 NSWSR 317 Crown Melbourne Ltd v Cosmopolitan Hotel (Vic) Pty Ltd [2016] HCA 26; 333 ALR 384 Ecosse Property Holdings Pty Ltd v Gee Dee Nominees Pty Ltd [2017] HCA 12 Electricity Generation Corporation v Woodside Energy Ltd (2014) 251 CLR 640 Evanel Pty Ltd v Stellar Mining N/L [1982] 1 NSWLR 380 Fox v Percy (2003) 214 CLR 118 Gerraty v McGavin (1914) 18 CLR 152 Gilbert J McCaul (Aust) Pty Ltd v Pitt Club Ltd (1959) SR (NSW) 122 Google Inc v Australian Competition and Consumer Commission (2013) 249 CLR 435 Ho v Powell (2001) 51 NSWLR 572 In Riviera Holdings Pty Ltd v Fingal Glen Pty Ltd [2013] SASC 77 In the Matter of Qatar No.2 Pty Ltd ACN 001184407 and Qatar No.3 Pty Ltd ACN 001184416 [2015] NSWSC 2088 Jones v Dunkel (1959) 101 CLR 298 Leads Plus Pty Ltd v Kowho Intercontinental Pty Ltd (2000) 10 BPR 18,085; [2000] NSWSC 459 Legione v Hateley (1983) 152 CLR 406 Lontav Pty Ltd v Pineross Custodial Services Pty Ltd (No 2) [2011] VSC 485 Mcgregor v Henry [2006] NSWSC 368 Mitchell v Leafs Gully Farm Pty Ltd [2016] NSWCA 92 Mount Bruce Mining Pty Limited v Wright Prospecting Pty Limited (S99/2015; S102/2015) (2015) 256 CLR 104 Port Macquarie-Hastings Council v Diveva Pty Ltd [2017] NSWCA 97 R v Navarolli (2009) 194 A Crim R 96 S & E Promotions Pty Ltd v Tobin Brothers Pty Ltd (1994) 122 ALR 637 Samuel Properties (Developments) Ltd v Hayek [1972] 1 WLR 1296 Shiloh Spinners Ltd v Harding [1973] AC 691 Sidhu v Van Dyke (2014) 251 CLR 505 Simic v New South Wales Land and Housing Corporation [2016] HCA 47 Stellar Mining NL v Evanel Pty Ltd (1983) NSW ConvR 55-118 Tanwar Enterprises Pty Ltd v Cauchi [2003] HCA 57; (2004) 217 CLR 315 Walton Stores (Interstate) Ltd v Maher (1988) 164 CLR 387 Watson v Foxman (1995) 49 NSWLR 315 Wood v Capita Insurance Services [2017] UKSC 24 Texts Cited: D J Farrands, The Law of Options and Other Pre-emptive Rights, (1st ed, 2010, Thomson Reuters) J D Heydon, Cross on Evidence, (9th ed 2013 LexisNexis Butterworths) John S Ewart, Waiver Distributed, (1917, Cambridge: Harvard University Press) J D Heydon, M J Leeming and P G Turner, Meagher Gummow & Lehane's Equity Doctrines & Remedies, (5th ed 2015, LexisNexis Butterworths) Category: Principal judgment Parties: Pizza Trevi Pty Ltd (Plaintiff) Cromwell BT Pty Ltd as custodian for the Cromwell Symantec House Trust (Defendant) Representation: Counsel: H Somerville (Plaintiff) M K Condon SC (Defendant)