NWC Finance Pty Limited v Borsellino [2018] NSWSC 134

Supreme Court New South Wales

Medium Neutral Citation: NWC Finance Pty Limited v Borsellino [2018] NSWSC 134 Hearing dates: 3 – 5 April 2017 Date of orders: 20 February 2018 Decision date: 20 February 2018 Jurisdiction: Common Law Before: Rothman J Decision: (1) The first defendant shall pay the plaintiff the amount of $151,802.59;

(2) Pursuant to the terms of s 100 of the Civil Procedure Act 2005 (NSW), the Court orders interest before judgment on the aforesaid amount at the rate prescribed by the Uniform Civil Procedure Rules 2005 (NSW) for interest after judgment. Such interest shall be calculated to commence from 30 September 2016 until the date of judgment;

(3) Pursuant to the terms of s 101 of the Civil Procedure Act, interest on the judgment amount from the date of judgment;

(4) The first defendant shall pay the plaintiff's costs of and incidental to the proceedings incurred after 30 September 2016;

(5) Otherwise the proceedings are dismissed. Catchwords: POSSESSION – Registered mortgage – default – compromise of debt – alleged repudiation of Deed of Release – no repudiation – debt confined to outstanding money from Deed

CONTRACT – principles of repudiation – secondary obligation to pay damages for the breach – construction of the contract Legislation Cited: Bankruptcy Act 1966 (Cth), s 50 Civil Procedure Act 2005 (NSW), ss 100, 101 Contracts Review Act 1980 (NSW), ss 6(2), 7 Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Byrne & Frew v Australian Airlines Ltd (1995) 185 CLR 410 at 465; [1995] HCA 24 Commercial Bank of Australia Ltd v Amadio (1983) 151 CLR 447; [1983] HCA 14 Commissioner of Taxation v Reliance Carpet Co Pty Ltd (2008) 236 CLR 342; [2008] HCA 22 Esanda Finance Corp Ltd v Viet Nho Tong (1997) 41 NSWLR 482 Garcia v National Australia Bank Ltd (1998) 194 CLR 395; [1998] HCA 48 Hong Kong Fir Shipping Co Ltd v Kawasaki Kisen Kaisha Ltd [1962] 2 QB 26 Hyundai Heavy Industries Co Ltd v Papadopoulos [1980] 2 All ER 29 Koompahtoo Local Aboriginal Land Council v Sanpine Pty Limited (2007) 233 CLR 115; [2007] HCA 61 McDonald v Dennys Lascelles Ltd (1933) 48 CLR 457; [1933] HCA 25 Morris Finance Ltd v Brown (2016) 93 NSWLR 551; [2016] NSWCA 343 Moschi v Lep Air Services Ltd; Lep Air Services Ltd v Rolloswin [1973] AC 331 Photo Production Ltd v Securicor Transport Ltd [1980] AC 827 Provident Capital Ltd v Papa (2013) 84 NSWLR 231; [2013] NSWCA 36 Re Municipal Officers' Association of Australia v Kenneth Lawrence Lancaster and Michael James Canny (1981) 54 FLR 129; [1981] FCA 151 Scott v Bagshaw (2000) 99 FCR 573; [2000] FCA 816 Sistrom v Urh (1992) 117 ALR 528; [1992] FCA 1054 Tramways Advertising Pty Ltd v Luna Park (NSW) Ltd (1938) 38 SR (NSW) 632 West v AGC (Advances) Ltd (1986) 5 NSWLR 610 Yerkey v Jones (1939) 63 CLR 649; [1939] HCA 3 Category: Principal judgment Parties: NWC Finance Pty Limited ACN 143 762 583 (Plaintiff) Elisa Borsellino (First Defendant) Steven Giuseppe Borsellino (Second Defendant) Representation: Counsel: A G Martin (Plaintiff) M Mando (First Defendant) No appearance (Second Defendant)