Interim Finance Pty Ltd v Bright Beginnings Learning Centre Glendenning Pty Ltd [2018] NSWSC 36

Supreme Court New South Wales

Medium Neutral Citation: Interim Finance Pty Ltd v Bright Beginnings Learning Centre Glendenning Pty Ltd [2018] NSWSC 36 Hearing dates: 29 September 2017 Date of orders: 02 February 2018 Decision date: 02 February 2018 Jurisdiction: Equity Before: Ward CJ in Eq Decision: (1) Dismiss the plaintiff's summons. (2) Declare that the plaintiff/cross-defendant does not have a caveatable interest in the property known as 66 Cross Road, Guildford NSW 2161, Folio Identifier 3/4907. (3) Order the plaintiff/cross-defendant to take all necessary steps for the removal of the caveat registered dealing number AK 586478 lodged by it on the title of the Guildford property referred to in order 2 above. (4) Reserve the question of costs. (5) Direct that the parties file brief written submissions on costs within 7 days with a view to the issue being determined on the papers. Catchwords: CONTRACTS – construction and interpretation – claim for fees payable if short-term loan transaction did not proceed as a result of specified occurrence(s)

CONTRACTS – termination – alleged repudiation of contract Legislation Cited: Civil Procedure Act 2005 (NSW), s 100 Personal Property Securities Act 2009 (Cth) Cases Cited: Bunbury Foods Pty Ltd v National Bank of Australasia Ltd (1984) 153 CLR 491; [1984] HCA 10 Capital Finance Australia Ltd v Struthers [2008] NSWSC 440; (2008) 14 BPR 26,179 CJ Redman Construction Pty Ltd v Tarnap Pty Ltd [2005] NSWSC 1011; (2005) 12 BPR 23,395 Concut Pty Ltd v Worrell (2000) 176 ALR 693; [2000] HCA 64 Electricity Generation Corp v Woodside Energy Ltd (2014) 251 CLR 640; [2014] HCA 7 Gleeson v Gleeson [2002] NSWSC 418 Graham H Roberts Pty Ltd v Maurbeth Investments Pty Ltd [1974] 1 NSWLR 93 Gray v O'Donnell [2009] NSWSC 259 Memery v Trilogy Funds Management Limited [2012] QCA 160 Moloney v Coppola [2012] NSWSC 728 Nigam v Divjakoski [2010] WASC 185 Ogilvie v Adams [1981] VR 1041 Perpetual Trustee Company Ltd v Montpensier Pty Ltd [2010] NSWSC 1354 Shepherd v Felt & Textiles of Australia Ltd (1931) 45 CLR 359; [1931] HCA 21 Category: Principal judgment Parties: Interim Finance Pty Ltd (Plaintiff and Cross-Defendant) Bright Beginnings Learning Centre Glendenning Pty Ltd (First Defendant) Romany Ibrahim (Second Defendant) Mena Ibrahim (Third Defendant) Representation: Counsel: L Young (Plaintiff) N Cotman SC (Defendants)