Aurora Funds Management Limited v Bond Street Custodians Limited & Ors [2019] NSWSC 304

Supreme Court New South Wales

Medium Neutral Citation: Aurora Funds Management Limited v Bond Street Custodians Limited & Ors [2019] NSWSC 304 Hearing dates: 11 March 2019 Date of orders: 22 March 2019 Decision date: 22 March 2019 Jurisdiction: Equity Before: Henry J Decision: (1) By consent, the proceedings are dismissed pursuant to rule 13.4 of the Uniform Civil Procedure Rules 2005 (NSW). (2) The plaintiff to pay the defendants' costs of the proceedings: (a) from 18 September 2018 to 28 November 2018 inclusive on ordinary basis; (b) from 29 November 2018 on an indemnity basis. Catchwords: COSTS — Application for indemnity costs — consent to summary dismissal — plaintiff surrendered and acted unreasonably — indemnity costs awarded for a period Legislation Cited: Civil Procedure Act 2005 (NSW) ss 56, 57, 58, 59, 60, 98 Corporations Act 2001 (Cth) ss 247, 249F, 1322 Supreme Court (Corporations) Rules r 2.4 Uniform Civil Procedure Rules 2005 (NSW) rr 5.3, 13.4, 14.28, 42.5, 42.20 Cases Cited: Fordyce v Fordham and another (2006) 67 NSWLR 497; [2006] NSWCA 274 Fountain Selected Meats (Sales) Pty Ltd v International Produce Merchants Pty Ltd and Others (1988) 81 ALR 397 Freelancer International Pty Ltd v Matthew O'Kane [2019] NSWSC 159 Ghougassian v Fairfax Community Newspapers Pty Ltd [2015] NSWCA 307 Hamod v State of New South Wales (2002) 188 ALR 659; [2002] FCA 424 In the matter of Australasian Barrister Chambers Pty Ltd (in liquidation) [2017] NSWSC 695 Ingot Capital Investments Pty Ltd and Others v Macquarie Equity Capital Markets Ltd (No. 7) (2008) 65 ACSR 324; [2008] NSWSC 199 Mead v Watson as liquidator for Hypec Electronics (2005) 23 ACLC 718; [2005] NSWCA 133 Nichols v NFS Agribusiness Pty Ltd [2018] NSWCA 84 One TEL Ltd v Deputy Commissioner of Taxation (2000) 101 FCR 548; [2000] FCA 270 Oshlack v Richmond River Council (1998) 193 CLR 72 Re Minister for Immigration and Ethnic Affairs (Cth); Ex Parte Lai Qin (1997) 186 CLR 622 Shellharbour City Council v Minister for Local Government [2017] NSWCA 256 Category: Costs Parties: Aurora Funds Management Limited (Plaintiff) Bond Street Custodians Limited (First Defendant) HSBC Custody Nominees (Australia) Ltd (Second Defendant) National Nominees Limited (Third Defendant) 8IP Emerging Companies (Fourth Defendant) Representation: Counsel: Mr J Zmood (Plaintiff) Mr J Johnson (First and Third Defendants) Ms F T Roughley (Second Defendant) Mr J Hoyle (Fourth Defendant)