Galati v GC NSW Pty Ltd [2020] NSWSC 217

Supreme Court New South Wales

Medium Neutral Citation: Galati v GC NSW Pty Ltd [2020] NSWSC 217 Hearing dates: 17-21 February 2020 Decision date: 12 March 2020 Jurisdiction: Equity Before: Robb J Decision: See paras 375, 376, 393, 394, 427 to 431. Direct the parties to confer and bring in short minutes of order to give effect to these reasons. Catchwords: CONTRACTS — Formation — Agreement — Intention to make concluded bargain

CONTRACTS — Formation — Conditional promises — Subject to contract

CONTRACTS — Formation — Promissory estoppel — Representation

CONTRACTS — Remedies — Specific performance Legislation Cited: Competition and Consumer Act 2010 (Cth) Corporations Act 2001 (Cth) Uniform Civil Procedure Rules 2005 (NSW) Cases Cited: Almona Pty Ltd v Parklea Corporation Pty Ltd [2019] NSWSC 1868 Avzur Hotels Pty Ltd v Ivanhoe Entertainment Pty Ltd [2009] FCA 701 Banque Commerciale SA, En Liquidation v Akhil Holdings Ltd (1990) 169 CLR 279; [1990] HCA 11 Ingot Capital Investments Pty Ltd v Macquarie Equity Capital Markets Ltd (2008) 73 NSWLR 653; [2008] NSWCA 206 Dare v Pulham (1982) 148 CLR 658; [1982] HCA 70 GR Securities Pty Ltd v Baulkham Hills Private Hospital Pty Ltd (1986) 40 NSWLR 631 Federal Commissioner of Taxation V Orica Ltd (1998) 194 CLR 500; [1998] HCA 33 Fu Tian Fortune Pty Ltd v Park Cho Pty Ltd [2018] NSWCA 282 Griffiths v Martinez [2019] NSWSC 664 Hawcroft General Trading Co Pty Ltd v Hawcroft [2017] NSWCA 91 Leotta v Public Transport Commission of New South Wales (1976) 50 ALJR 666 Masters v Cameron (1954) 91 CLR 353 Ryder v Frohlich [2004] NSWCA 472 Toveill Pty Ltd v Australian Quality Plus Pty Ltd [2010] NSWSC 1003 Category: Principal judgment Parties: Marcellina Galati (first plaintiff) VM Galati Super Fund Pty Ltd, ACN 617 338 548, as Trustee for VM Galati Super Fund (second plaintiff) Caterina Galati (third plaintiff) BMG Riverstone Pty Ltd, ACN 617 339 858, as Trustee for BMG Riverstone Property Trust (fourth plaintiff) Francesco Camera (fifth plaintiff) Barbara Camera (sixth plaintiff) Gregorio Galati (seventh plaintiff) Celeste Levingson (eighth plaintiff) GC NSW Pty Ltd (first defendant) Greencapital Development Pty Ltd (second defendant) Representation: Counsel: M Bennett (first to eighth plaintiffs) J Potts SC / A Langshaw (first and second defendants)