Australia and New Zealand Banking Group Limited v Giannaklis (No 2) [2020] NSWSC 148

Supreme Court New South Wales

Medium Neutral Citation: Australia and New Zealand Banking Group Limited v Giannaklis (No 2) [2020] NSWSC 148 Hearing dates: 23, 24 April 2019 Date of orders: 28 February 2020 Decision date: 28 February 2020 Jurisdiction: Common Law Before: Rothman J Decision: The Court makes orders in accordance with the claim of ANZ and directs the plaintiff to file a Short Minute of Order, reflecting an up-to-date calculation of the amounts owing under the Loans Catchwords: CONTRACT – GUARANTEE – claim of unconscionable conduct by lender Bank – allegation of misconduct associated with failure to analyse sufficiently the income of business and borrowers – rejected on facts – guarantee enforced Legislation Cited: Australian Securities and Investments Commission Act 2001 (Cth) Contracts Review Act 1980 (NSW), ss 4, 6, 7 Uniform Civil Procedure Rules 2005 (NSW), r 13.1 Cases Cited: Australia and New Zealand Banking Group Limited v Giannaklis [2019] NSWSC 32 Australian Securities and Investments Commission v Kobelt (2019) 93 ALJR 743; [2019] HCA 18 Beneficial Finance Corporation Limited v Karavas (1991) 23 NSWLR 256 Blomley v Ryan [1956] HCA 81 Commercial Bank of Australia Ltd v Amadio (1983) 151 CLR 447; [1983] HCA 14 Elkofairi v Permanent Trustee Co Ltd (2002) 11 BPR 20,841; [2002] NSWCA 413 Hurley v McDonald's Australia Ltd [1999] FCA 1728, Nguyen v Taylor (1992) 27 NSWLR 48 Perpetual Trustee Company Limited v Albert and Rose Khoshaba (2006) 14 BPR 26,369 [2006] NSWCA 41 Qantas Airways Ltd v Cameron (1996) 66 FCR 246; [1996] FCA 1483 Category: Principal judgment Parties: Australia and New Zealand Banking Group Limited (Plaintiff) Peter Giannaklis (Defendant) Representation: Counsel: N M Bender J Vizzone (Solicitor)