Live Board Holdings Ltd v Cody Live Pty Ltd [2017] NSWCA 302

Court of Appeal Supreme Court New South Wales Medium Neutral Citation: Live Board Holdings Ltd v Cody Live Pty Ltd [2017] NSWCA 302 Hearing dates: 20 November 2017 Decision date: 28 November 2017 Before: Bathurst CJ, Leeming JA, Barrett AJA Decision: 1. Application to read the further affidavit of Mr Koulis sworn 14 November 2017 refused. 2. Summons seeking leave to appeal filed 30 June 2017 dismissed, with costs. Catchwords: APPEALS – application for leave – primary judge ordered cross-claimant to provide security for costs – whether any material question of principle – whether question of general importance – whether clear case of injustice – impecunious corporate claimant sought to advance large case including dishonesty against former directors – history of inadequate pleadings – relevance of strength of case – no basis warranting a grant of leave Legislation Cited: Civil Procedure Act 2005 (NSW), s 56 Corporations Act 2001 (Cth), ss 254E, 447A, 447C, 447D, 1322, 1335 Uniform Civil Procedure Rules (Amendment No 61) 2013, Sch 1, item 4 Uniform Civil Procedure Rules 2005 (NSW), r 42.21 Cases Cited: Be Financial Pty Ltd as trustee for the Be Financial Operations Trust v Das [2012] NSWCA 164 Bryan E Fencott Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 497 Cody v Live Board Holdings [2014] NSWSC 78 Cody v Live Board Holdings Ltd [2015] NSWSC 1790 Cody v Live Board Holdings Pty Ltd (No 2) [2017] NSWSC 308 Fiduciary v Morningstar Research [2004] NSWSC 664 In the matter of Live Board Holdings (Administrators Appointed) [2014] NSWSC 161 Jazabas v Haddad [2007] NSWCA 291 Li v State of New South Wales [2013] NSWCA 165 Litmus Australia Pty Ltd (In Liq) v Canty [2007] NSWSC 670 Pacific Acceptance Corporation Ltd v Forsyth [1967] 2 NSWR 402 Partington v Pacific Link Housing Ltd [2013] NSWCA 259 Starr-Diamond v Diamond [2013] NSWCA 7 The Age Company Ltd v Liu (2013) 82 NSWLR 268; [2013] NSWCA 26 Yandil Holdings Pty Ltd v Insurance Company of North America (1985) 3 ACLC 542 Texts Cited: J Delany, Security for Costs (Law Book Company Ltd 1989 Category: Principal judgment Parties: Live Board Holdings Ltd (applicant) Cody Live Pty Ltd (first respondent) Cody Investments Pty Ltd (second respondent) Pierce Patrick Cody (third respondent) Finola Anne Burke (fourth respondent) Richard Charles Ochojski (fifth respondent) Representation: Counsel: P Menzies QC, G Preston (applicant) B Kremer, M Hall (respondents)