Sayour v Elliott (No 2) [2018] NSWSC 146

Supreme Court New South Wales

Medium Neutral Citation: Sayour v Elliott (No 2) [2018] NSWSC 146 Hearing dates: On the papers Decision date: 20 February 2018 Jurisdiction: Equity Before: Ward CJ in Eq Decision: 1. Order pursuant to s 100 of the Civil Procedure Act 2005 (NSW) that there be judgment for the second plaintiff against the estate of the late Jamil Moustafa Sayour for interest in the sum of $928,057 on the principal sum of $5,303,080 for the period from 9 February 2015 to 7 February 2018. 2. Order that to the extent that any amount recovered by the second plaintiff from Bank of Sydney Ltd account no 811414 and term deposits 1145895 and 1162098 exceeds the sum of $5,303,080 there be credit for such recovery against the liability under interest in accordance with order 1. 3. Order that the first defendant, out of the assets of the estate of the late Jamil Moustafa Sayour, pay the costs of the plaintiffs of that part of the proceedings relating to the separate determination of the issues determined on 7 February 2018, on the ordinary basis, such costs to be assessable forthwith. Catchwords: COSTS – No issue of principle

INTEREST – Order for pre-judgment interest under s 100 of the Civil Procedure Act 2005 (NSW) Legislation Cited: Civil Procedure Act 2005 (NSW) ss 98(1), 100 Uniform Civil Procedure Rules 2005 (NSW), r 42.1 Cases Cited: Bowen Investments Pty Ltd v Tabcorp Holdings Ltd (No 2) [2008] FCAFC 107 Clarke v Foodland Stores Pty Ltd [1993] 2 VR 382 Elite Protective Personnel Pty Ltd v Salmon [2007] NSWCA 322 Fexuto Pty Ltd v Bosnjak Holdings Pty Ltd (No 3) (1998) 30 ACSR 20 Fiduciary v Morningstar Research Pty Ltd (2002) 55 NSWLR 1; [2002] NSWSC 432 Golding v Vella (No 2) [2001] NSWSC 731 Haines v Bendall (1991) 172 CLR 60 Heperu Pty Limited v Belle [2009] NSWCA 252 Hexiva Pty Limited v Lederer (No 2) [2007] NSWSC 49 Hughes v Western Australian Cricket Association (1986) ATPR 40-748 Latoudis v Casey (1990) 170 CLR 534 at 543 M.B.P. (S.A.) Pty Ltd v Gogic (1991) 171 CLR 657 Ohn v Walton (1995) 36 NSWLR 77; 97 ALR 45; [1990] HCA 59 Oshlack v Richmond River Council (1998) 193 CLR 72; [1998] HCA 11; 152 ALR 83 Perpetual Trustee Company Limited v El-Bayeh (No. 2) [2011] NSWSC 1049 Roache v News Group Newspapers Ltd [1992] TLR 551 Sayour v Elliott [2018] NSWSC 59 Screenco Pty Ltd v RL Dew Pty Ltd (2003) 58 NSWLR 720; [2003] NSWCA 319 Stena Rederi Aktiebolag v Austal Ships Sales Pty Ltd [2007] FCA 1141 Trade Practices Commission v Nicholas Enterprises Pty Ltd (No 3) (1979) 28 ALR 201; (1979) 42 FLR 213; (1979) ATPR 40-141 Wallersteiner v Moir (No 2) [1975] QB 373 Waters v PC Henderson (Aust) Pty Ltd (Court of Appeal (NSW), 6 July 1994, unrep Waters; Elite Protective Personnel Pty Ltd v Salmon (No 2) [2007] NSWCA 373 Windsurfing International Incorporated v Petit (1987) AIPC 90-441 Category: Consequential orders (other than Costs) Parties: Moustafa Sayour (First Plaintiff) Broadway Plaza Pty Ltd atf Sayour Family Trust (Second Plaintiff) Fatima Sayour (Third Plaintiff) Catharine Elliott (First Defendant) Sayour Holdings Pty Ltd (Second Defendant) JS 75 Pty Ltd (Third Defendant) Representation: Counsel: DA Smallbone with JP Gatland (Plaintiffs) D Allen (Defendant)