In the matter of Bondi Beverages Pty Limited [2019] NSWSC 1514

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Bondi Beverages Pty Limited [2019] NSWSC 1514 Hearing dates: 16 September 2019 Date of orders: 16 September 2019 Decision date: 16 September 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: The Plaintiffs provide security for costs in the specified amounts by the specified dates and times. The proceedings be stayed if security is not provided in accordance with the orders. Catchwords: CORPORATIONS – practice and procedure – security for costs – where one plaintiff company has modest assets – where another plaintiff company has no assets – where plaintiffs claim that defendants caused their impecuniosity – whether plaintiffs should provide security for costs. Legislation Cited: - Corporations Act 2001 (Cth) s 1335 - Evidence Act 1995 (NSW) s 136 - Legal Profession Uniform Law (NSW) - Uniform Civil Procedure Rules 2005 (NSW) r 42.21(1A) Cases Cited: - Ashington Capital Pty Ltd v Parissen Capital (Project X) Pty Ltd [2012] NSWSC 410 - Bell Wholesale Co Pty Ltd v Gates Export Corporation (No 2) (1984) 52 ALR 176 - Cornelius v Global Medical Solutions Australia Pty Ltd [2014] NSWCA 65; (2014) 98 ACSR 301 - KP Cable Investments Pty Ltd v Meltglow Pty Ltd [1995] FCA 76; (1995) 56 FCR 189 - Polstead Pty Ltd (in liq) v Shah [2009] NSWSC 560 - Re Australian Style Holdings Pty Ltd as trustee of the Australian Style Investments Unit Trust [2018] NSWSC 1368 - Re Colorado Products Pty Ltd (in prov liq) [2013] NSWSC 611 - Wollongong City Council v Legal Business Centre Pty Ltd [2012] NSWCA 245 Category: Procedural and other rulings Parties: Bondi Beverages Pty Limited (First Plaintiff/First Respondent) Georges Holding Enterprises Pty Ltd (Second Plaintiff/Second Respondent) Bobi Damcevski (First Defendant/Applicant) ED Management Group Services Pty Ltd (Second Defendant) Representation: Counsel: A G Rogers (Plaintiffs/Respondents) G E Babe (First Defendant/Applicants)