Super Vision Resources Ltd v AC Holdings Co Pty Ltd [2020] NSWSC 65

Supreme Court New South Wales

Medium Neutral Citation: Super Vision Resources Ltd v AC Holdings Co Pty Ltd [2020] NSWSC 65 Hearing dates: 23-24 September, 23-25 October and 11-13 December 2019; further submissions 19 and 20 December 2019 Date of orders: 14 February 2020 Decision date: 14 February 2020 Jurisdiction: Equity - Commercial List Before: Stevenson J Decision: Proceedings to be dismissed. Catchwords: LAND LAW – conveyancing – voidable dispositions – whether sale of properties made with intent to defraud creditors – where transferor entered submitting appearance and taken to admit such intent in response to notices to admit

LAND LAW – conveyancing – whether plaintiff a person thereby prejudiced

LAND LAW – conveyancing – whether various documents executed by transferor in favour of director and controlling mind of transferee were shams – whether transferee a purchaser in good faith without notice of intent to defraud creditors Legislation Cited: Conveyancing Act 1919 (NSW) Powers of Attorney Act 2003 (NSW) Cases Cited: Barton v Official Receiver (1986) 161 CLR 75 at 86; [1986] HCA 44 Chen v Marcolongo; Chan v Lym International Pty Ltd (2009) 260 ALR 353; [2009] NSWCA 326 Commercial Union Assurance Co of Australia Ltd v Ferrcom Pty Ltd (1991) 22 NSWLR 389 Devaynes v Noble; Baring v Noble (1816) 1 Mer 529; (1816) 35 ER 781 Lloyds Bank Ltd v Marcan [1973] 3 All ER 754; [1973] 1 WLR 1387 Marcolongo v Chen (2011) 242 CLR 546; [2011] HCA 3 Miles v Official Receiver in Bankruptcy (1963) 109 CLR 501 P33 of 2003 v Refugee Review Tribunal [2004] FCA 474 Roberts v Investwell Pty Ltd (2012) 88 ACSR 689; [2012] NSWCA 134 Super Vision Resources Ltd v Xu (No 2) [2019] NSWSC 389 Saba v Plumb (2018) 97 NSWLR 278; [2018] NSWCA 60 Swiss Bank Corporation v Lloyds Bank Ltd [1982] AC 584 Trimmer v Bayne (1803) 9 Ves 209; 32 ER 582 Texts Cited: J D Heydon, M J Leeming and P G Turner, Meagher, Gummow & Lehane's Equity: Doctrines & Remedies (5th ed, 2015, LexisNexis Butterworths) Category: Principal judgment Parties: Super Vision Resources Ltd (Plaintiff) AC Holdings Co Pty Ltd (First Defendant) Lawrence Xu (Second Defendant) Yanqun Xue (Third Defendant) Yibin Xu (Fourth Defendant) Qiao Wang (Fifth Defendant) Representation: Counsel: J P Knackstredt (Plaintiff) B M Zipser with E Yasumoto (First Defendant)