ASIL Foundation (Lending) Pty Ltd v Langridge [2019] NSWSC 1574

Supreme Court New South Wales

Medium Neutral Citation: ASIL Foundation (Lending) Pty Ltd v Langridge [2019] NSWSC 1574 Hearing dates: 7 November 2019 Date of orders: 15 November 2019 Decision date: 15 November 2019 Jurisdiction: Common Law Before: Campbell J Decision: See paragraph [52] Catchwords: CIVIL PROCEDURE – Security for costs – capacity to pay adverse costs order – whether moving party is in substance defendant or plaintiff – financial position of plaintiff Legislation Cited: Australian Securities and Investment Commission Act 2001 (Cth), ss 12BG, 12CD, 12DA Contracts Review Act 1980 (NSW), Corporations Act 2001 (Cth), s 1335 Real Property Act 1900 (NSW) Uniform Civil Procedure Rules 2005 (NSW), r 42.21 Cases Cited: Capital Securities XV Pty Ltd v Calleja (No 3) NSWSC 1501 Colmax Glass Pty Ltd v Polytrade Pty Ltd [2013] VSC 311 Demag-Lauchhammer Maschinenbau and Stahlbau GmbH v John Holland (Constructions) Pty Ltd [1966] 2 NSWR 3 HP Mercantile Pty Ltd v Plevey [2014] NSWCA 374 KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189 Category: Procedural and other rulings Parties: ASIL Foundation (Lending) Pty Ltd (Plaintiff) Harold John Langridge (First Defendant) Tanya Jane Linhart (Second Defendant) ING Bank Australia Limited (Third Defendant) Langridge Property Developments Pty Limited (additional applicant named in the motion) Diamond Conway Lawyers (additional respondent named in the motion) Representation: Counsel: A. Katsoulas (Plaintiff) C Carroll (Defendants and additional applicant)