Rosengreen v Saadie Group Pty Ltd [2018] NSWSC 1068

Supreme Court New South Wales

Medium Neutral Citation: Rosengreen v Saadie Group Pty Ltd [2018] NSWSC 1068 Hearing dates: 5 and 6 July 2018 Decision date: 12 July 2018 Jurisdiction: Equity Before: Lindsay J Decision: (1) There is no subsisting option for acquisition of land. (2) The parties claiming entitlements as grantees of an option have no such entitlements, and no interest in the land. (3) Declaratory and consequential relief granted. Catchwords: LAND LAW — Conveyancing — Options — Call options – Whether option expired by effluxion of time – Call option period to run for 30 days from a grant of subdivision approval – No approval granted – Where parties agreed in a subsequent deed of variation that there was a six month window in which to obtain approval – Subsequent deed incorporated the operative clauses of the first agreement – Option expired six months from date of the latter deed. Legislation Cited: Civil Procedure Act 2005 NSW Uniform Civil Procedure Rules 2005 NSW Cases Cited: Ballas v Theophilos (No. 2) (1957) 98 CLR 193 Fu Tian Fortune Pty Ltd v Park Cho Pty Ltd [2018] NSWSC 528 Goldsborough Mort & Co Ltd v Quinn (1910) 10 CLR 674 Perri v Coolangatta Investments Pty Ltd (1982) 149 CLR 537 Texts Cited: KE Lindgren, Time in the Performance of Contracts (Butterworths, 2nd ed, 1982) Category: Principal judgment Parties: Proceedings No. 2015/00355348 Third Plaintiff: Kai Ling (Australia) Pty Ltd ACN 132 852 227 Third Defendant: Saadie Group Pty Ltd ACN 158 709 454 Fourth Defendant: Robert Rosengreen Cross Claimant: Robert Rosengreen First Cross Defendant: Saadie Group Pty Ltd ACN 158 709 454 Second Cross Defendant: Kai Ling (Australia) Pty Ltd ACN 132 852 227