Alpha Wealth Financial Services Pty Ltd v Frankland River Olive Company Ltd
Case
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[2005] WASC 189
Details
AGLC
Case
Decision Date
Alpha Wealth Financial Services Pty Ltd v Frankland River Olive Company Ltd [2005] WASC 189
[2005] WASC 189
CaseChat Overview and Summary
In Alpha Wealth Financial Services Pty Ltd v Frankland River Olive Company Ltd, the Supreme Court of Western Australia was asked to decide whether it should grant an injunction restraining the plaintiffs from retaining a particular solicitor to act for them in proceedings relating to a managed investment scheme. The defendant argued that the solicitor had previously acted for the former responsible entity of the scheme and had a conflict of interest. The court found that the appearance of a conflict of interest was subversive to the requirement that justice be seen to be done and granted the injunction. The court held that the solicitor was placed in an untenable position of conflict and should not be allowed to take a hostile position in relation to the continuation of the scheme. The court granted the restraining order sought by the defendant to preserve the appearance of justice.
Details
Key Legal Topics
Areas of Law
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Commercial Law
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Corporate Law & Governance
Legal Concepts
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Fiduciary Duty
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Conflict of Interest
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Injunction
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Standing
Actions
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Citations
Alpha Wealth Financial Services Pty Ltd v Frankland River Olive Company Ltd [2005] WASC 189
Cases Citing This Decision
6
Andalee Pty Ltd v Delfield Investments Pty Ltd
[2009] WASC 55
Alpha Wealth Financial Services Pty Ltd v Frankland River Olive Company Ltd
[2005] WASC 189 (S)
Cases Cited
16
Statutory Material Cited
0
Frankland River Olive Company Ltd v Charters Securities Pty Ltd (Receiver and Manager Appointed)
[2004] WASC 88
Kadian v Richards
[2004] NSWSC 382
Kadian v Richards
[2004] NSWSC 382