In the matter of Australian Style Holdings Pty Ltd as trustee of The Australian Style Investments Unit Trust [2018] NSWSC 1368

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Australian Style Holdings Pty Ltd as trustee of The Australian Style Investments Unit Trust [2018] NSWSC 1368 Hearing dates: 20 August 2018 Decision date: 05 September 2018 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Court will order that the Plaintiff provide further security for the Defendants' past and future costs of the defence of the proceedings on a staged basis, reserving liberty for the Defendants to apply for further security for costs. Catchwords: COSTS — security for costs — whether order should be made for security for costs – quantum and form of order. Legislation Cited: - Civil Procedure Act 2005 (NSW) s 56 - Corporations Act 2001 (Cth) ss 176, 206F, 461, 601FC, 601FD, 1321, 1325, 1335 - Uniform Civil Procedure Rules 2005 (NSW) r 42.21 Cases Cited: - Ashington Capital Pty Ltd v Parissen Capital (Project X) Pty Ltd [2012] NSWSC 410 - Bank of New Zealand v Spedley Securities Ltd (in liq) (1992) 27 NSWLR 91 - Bell Wholesale Co Pty Ltd v Gates Export Corporation (No 2) (1984) 52 ALR 176 - Blue Oil Energy Pty Ltd v Tan [2014] NSWCA 81 - Cornelius v Global Medical Solutions Australia Pty Ltd [2014] NSWCA 65; (2014) 98 ACSR 301 - David Clarke Air Conditioning Pty Ltd v Quann (No 2) [2016] WASC 176 - Epping Plaza Fresh Fruit and Vegetables Pty Ltd v Bevendale Pty Ltd [1999] 2 VR 191 - Fiduciary Ltd v Morningstar Research Pty Ltd [2004] NSWSC 664; (2004) 208 ALR 564 - Jazabas Pty Ltd v Haddad [2007] NSWCA 291; (2007) 65 ACSR 276 - KDL Building Pty Ltd v Mount [2006] NSWSC 474 - KP Cable Investments Pty Ltd v Meltglow Pty Ltd [1995] FCA 76; (1995) 56 FCR 189 - Laundry Coin-Wash Nominees Pty Ltd v Dunlop Olympic Ltd (1985) 7 ATPR 40-584 - Live Board Holdings Ltd v Cody Live Pty Ltd [2017] NSWCA 302 - Motakov Ltd v Commercial Hardware Suppliers Pty Ltd (1952) 70 WN (NSW) 64 - Narradine Pty Ltd v Mascot Steel and Tools Pty Ltd [2012] NSWSC 385 - Pioneer Park Pty Ltd (in liq) v Australia and New Zealand Banking Group Ltd [2007] NSWCA 344; (2007) 65 ACSR 383 - Polstead Pty Ltd (in liq) v Shah [2009] NSWSC 560 - Prynew Pty Ltd v Nemeth [2010] NSWCA 94 - PS Chellaram & Co Ltd v China Ocean Shipping Company [1991] HCA 36; (1991) 102 ALR 321; 5 ACSR 633 - Re Catombal Investments Pty Ltd [2012] NSWSC 775 - Re Colorado Products Pty Ltd (in prov liq) [2013] NSWSC 611 - Re Metal Storm Ltd (in liq) (recs and mgrs apptd) [2018] NSWSC 900 - Re Tiaro Coal Ltd (in liq) [2018] NSWSC 746 - Sagacious Procurement Pty Ltd v Symbion Health Ltd [2007] NSWCA 205 - Sydmar Pty Ltd v Statewide Developments Pty Ltd (1987) 73 ALR 289 - Szanto v Bainton [2011] NSWSC 985 - Tim Barr Pty Ltd v Narui Gold Coast Pty Ltd [2009] NSWSC 563 - Treadtel International Pty Ltd v Cocco [2016] NSWCA 360; (2016) 117 ACSR 176 - Wollongong City Council v Legal Business Centre Pty Ltd [2012] NSWCA 245 Category: Procedural and other rulings Parties: Australian Style Holdings Pty Ltd as Trustee of the Australian Style Investments Unit Trust (Plaintiff) Brookfield Multiplex Capital Management Limited (First Defendant) Brian John Motteram (Second Defendant) Brian William Kingston (Third Defendant) Robert William McCuaig (Fourth Defendant) Peter John Morris (Fifth Defendant) Mark Gregory Wilson (Sixth Defendant) AC N 109 510 198 Pty Ltd (in liq) (Seventh Defendant) Representation: Counsel: K H Insall SC/B C Douglas-Baker (Plaintiff) J R Williams (First Defendant) I Pike SC/S Tame (Second–Sixth Defendants)