ADG United Pty Ltd v EG Enterprises Pty Ltd & Ors [2019] NSWSC 745

Supreme Court New South Wales

Medium Neutral Citation: ADG United Pty Ltd v EG Enterprises Pty Ltd & Ors [2019] NSWSC 745 Hearing dates: 29 May 2019, 7 June 2019 Decision date: 19 June 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: The separate questions are answered as follows:

Question 1: No. Question 2: Does not arise. Catchwords: CONTRACT – formation – acceptance of offer – where consideration was to be determined by a valuation mechanism – where offer stipulated payment for damages – where offer was purportedly accepted but denounced liability to pay damages – whether terms were certain and complete – whether parties entered into a binding agreement. Legislation Cited: - Corporations Act 2001 (Cth) s 233 Cases Cited: - ALH Group Property Holdings Pty Ltd v Chief Commissioner of State Revenue [2012] HCA 6; (2012) 245 CLR 338 - Alphater Consulting Engineers Pty Limited v Rozman [2016] VSCA 111 - Australian Broadcasting Corporation v XIVth Commonwealth Games Ltd (1988) 18 NSWLR 540 - Australian Goldfields NL (in liq) v North Australian Diamonds NL [2009] WASCA 98 - Barescape Pty Limited v Bacchus Holdings Pty Limited (No 9) [2012] NSWSC 984 - Booker Industries Pty Limited v Wilson Parking (Qld) Pty Limited [1982] HCA 53; (1982) 149 CLR 600 - Brooks v Wyatt (1992) 112 FLR 12 - Cameron v Cuddy [1914] AC 651 - Canberra Drag Racers Club Inc v Australian Capital Territory [2001] FCA 332 - Candoora No 19 Pty Ltd v Freixenet Australasia Pty Ltd (No 2) [2008] VSC 478 - Fightvision Pty Ltd v Onisforou (1999) 47 NSWLR 473 - G R Securities Pty Ltd v Baulkham Hills Private Hospital Pty Ltd (1986) 40 NSWLR 631 - Hammond v Vam Ltd [1972] 2 NSWLR 16 - Harold R Finger & Co Pty Limited v Karellas Investments Pty Limited [2015] NSWSC 354 - Hillas & Co Ltd v Arcos Ltd (1932) 147 LT 503 - In re Malpass, dec'd; Lloyds Bank plc v Malpass [1985] Ch 42 - Kai Ling (Australia) Pty Ltd v Rosengreen [2019] NSWCA 3 - Lahodiuk v Pace [2013] NSWSC 512 - Masters v Cameron (1954) 91 CLR 353 - MMAL Rentals Pty Limited v Bruning [2004] NSWCA 451; (2004) 63 NSWLR 167 - Nurisvan Investment Ltd v Anyoption Holdings Limited [2017] VSCA 141 - Pavlovic v Universal Music Australia Pty Limited [2015] NSWCA 313 - Sagacious Procurement Pty Ltd v Symbion Health Ltd [2008] NSWCA 149 - Sigiriya Capital Pty Ltd v Scanlon [2013] NSWCA 401 - Sudbrook Trading Estate Ltd v Eggleton [1983] 1 AC 444 - The Owners – Strata Plan No 58087 v Matthews [2015] NSWSC 1906 - Upper Hunter County District Council v Australian Chilling and Freezing Co Ltd (1968) 118 CLR 429 - Vickery v Woods [1952] HCA 7; (1952) 85 CLR 336 Texts Cited: - J D Heydon, Heydon on Contract (Lawbook Co, 2019) Category: Procedural and other rulings Parties: ADG United Pty Ltd (Plaintiff) EG Enterprises Pty Ltd (First Defendant) Astro Corporation Pty Ltd (Second Defendant) Fitness Systems United Pty Ltd (Third Defendant) Matthew Thomas Patrick Dixon (Fourth Defendant) George Musaruwa Gregan (Fifth Defendant) Representation: Counsel: M K Condon SC (Plaintiff) J C Giles SC/R Thrift (First and Second Defendants; also Fourth and Fifth Defendants on 7 June 2019)