Icon Co (NSW) Pty Ltd v Australia Avenue Developments Pty Ltd [2020] NSWSC 178

Supreme Court New South Wales

Medium Neutral Citation: Icon Co (NSW) Pty Ltd v Australia Avenue Developments Pty Ltd [2020] NSWSC 178 Hearing dates: 26 February 2020; further written submissions 28 February and 3 March 2020 Date of orders: 05 March 2020 Decision date: 05 March 2020 Jurisdiction: Equity - Technology and Construction List Before: Stevenson J Decision: Proceedings dismissed. Catchwords: BUILDING AND CONSTRUCTION – contracts – performance bond – condition precedent to beneficiary's entitlement to call on bond – whether security recourse event has occurred

CONTRACTS – remedies – application for injunction to restrain a breach of contract – whether damages an adequate remedy Cases Cited: Abergeldie Contractors Pty Limited v Fairfield City Council [2017] NSWCA 113 Barclay Mowlem Construction Ltd v Simon Engineering (Aust) Pty Ltd (1991) 23 NSWLR 451 FMT Aircraft Gate Support Systems v Sydney Ports Corporation [2010] NSWSC 1108 Lucas Stuart Pty Ltd v Hemmes Hermitage Pty Ltd [2010] NSWCA 283 Maggbury Pty Limited v Hafale Australia Pty Limited (2001) 210 CLR 181; [2001] HCA 70 Owners of Strata Plan 80458 v TQM Design & Construct Pty Ltd [2018] NSWSC 1304 Reed Construction Services Pty Ltd v Kheng Seng (Australia) Pty Ltd (1999) 15 BCL 158 Universal Publishers Pty Ltd v Australian Executor Trustees Ltd [2013] NSWSC 2021 Category: Principal judgment Parties: Icon Co (NSW) Pty Ltd (Plaintiff) Australia Avenue Developments Pty Ltd (Defendant) Representation: Counsel: D T Miller SC with M Smith (Plaintiff) P S Braham SC with S Gray (Defendant)