KTC v David (No. 1) [2019] NSWSC 281

Supreme Court New South Wales

Medium Neutral Citation: KTC v David (No. 1) [2019] NSWSC 281 Hearing dates: 13 and 14 March 2019 Decision date: 18 March 2019 Jurisdiction: Equity Before: Kunc J Decision: Pleading against fourth and fifth defendants struck out with leave to replead; proceedings to be cross-vested to Federal Court Catchwords: EQUITY — Fiduciary duties — Breach — Rule in Barnes v Addy — Whether claim for knowing assistance in fraudulent and dishonest design adequately pleaded Legislation Cited: Evidence Act 1995 (NSW) Civil Procedure Act 2005 (NSW) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: In re Emergent Capital Limited (In liq); KTC v RAAL Ltd; Grand Court of the Cayman Islands – Financial Services Division; Mr Justice Andrew J Jones QC; unreported; 23 November 2011 Barnes v Addy (1873-1874) LR 9 Ch App 244 Farah Constructions Pty Limited v Say-Dee Pty Limited [2007] HCA 22; (2007) 230 CLR 89 Forrest v Australian Securities and Investments Commission [2012] HCA 39; (2012) 247 CLR 486 Hasler v Singtel Optus Pty Limited [2014] NSWCA 266; (2014) 87 NSWLR 609 Re-Engine Pty Ltd (in liq) v Fergusson [2007] VSC 57; (2007) 209 FLR 1 Shaw v State of NSW [2012] NSWCA 102 United Australia Limited v Barclays Bank Limited [1941] AC 1 Category: Procedural and other rulings Parties: KTC (Plaintiff)

Rodric David (First Defendant) Naveen David Singh (Second Defendant) XALT Pty Ltd (ACN 147 571 033) (Third Defendant) Gilbert + Tobin (Fourth Defendant) Andrew Bullock (Fifth Defendant) Representation: Counsel: