Silver Star Fashions Pty Ltd v Dal Broi [2018] NSWSC 1445

Supreme Court New South Wales

Medium Neutral Citation: Silver Star Fashions Pty Ltd v Dal Broi [2018] NSWSC 1445 Hearing dates: 30 July 2018 – 2 August 2018 Date of orders: 26 September 2018 Decision date: 26 September 2018 Jurisdiction: Equity Before: Darke J Decision: Statement of Claim is dismissed with costs. Catchwords: LAND LAW – contracts for the sale of land – rescission – "off the plan" contracts – contracts provide for mutual rights of rescission if strata plan not registered by a sunset date – delay caused by various factors including insolvency of builder and failures by vendor to cause development to be carried out with all due expedition – vendor enters into agreement with third party which obliges third party to complete construction – third party effectively assumes the role of developer – vendor no longer exposed to financial risks of development – vendor seeks permission to rescind contracts under s 66ZL of Conveyancing Act 1919 (NSW) – whether just and equitable in all the circumstances to make orders permitting rescission – lots the subject of the contracts have increased in value – no financial detriment to vendor if permission to rescind not given – orders permitting rescission not made Legislation Cited: Conveyancing Act 1919 (NSW), s 66ZL Cases Cited: Abourjaily v Parkview Estate Pty Ltd [2017] NSWSC 1256 Al Achrafi v Topic (2016) 18 BPR 36,517; [2016] NSWSC 1807 Churnin v Pilot Developments Pty Ltd (2003) 11 BPR 21,603; [2003] NSWCA 391 DGF Property Holdings Pty Ltd v Di Federico (2018) 19 BPR 38,319; [2018] NSWSC 344 Mallet v Mallet (1984) 156 CLR 605 Masters v Belpate Pty Ltd (2001) 10 BPR 18,527; [2001] NSWSC 169 Plumor Pty Ltd v Handley (1996) 41 NSWLR 30 Stanford v Stanford (2012) 247 CLR 108; [2012] HCA 52 Suttor v Gundowda Pty Ltd (1950) 81 CLR 418 Tamanna v Zattere [2017] NSWSC 1388 Category: Principal judgment Parties: Silver Star Fashions Pty Ltd (Plaintiff) Aaron Luke Dal Broi (First Defendant) Amanda Ye May Chin (Second Defendant) Matthew Robert Carnachan (Third Defendant) Ashely Cliff Wong (Fourth Defendant) Jordan Curtis Zubani (Fifth Defendant) Courtney Zubani (Sixth Defendant) Junmei Gu (Seventh Defendant) Mitchell James Jordan (Eighth Defendant) Sonja Bijou Keith (Ninth Defendant) David Robert Grayhurst (Tenth Defendant) Hugh Linton Selleck (Eleventh Defendant) Thomas Edward Christensen (Twelfth Defendant) Representation: Counsel: Mr G A Sirtes SC with Ms A Avery-Williams (Plaintiff) Mr P S Braham SC with Mr D Neggo (First to Tenth Defendants) Mr J P Redmond (Eleventh and Twelfth Defendants)