Boase v Axis International Management Pty Ltd [No 2]

The case of Boase v Axis International Management Pty Ltd [No 2] involved the plaintiffs, T Boase and J L Boase, seeking leave to proceed against a company in liquidation, Sagecorp Securities Pty Ltd, and to add new defendants to the suit. The plaintiffs, who had invested in the Firepower group of companies, were seeking redress for their losses. The court considered the applications on the papers and dismissed both. In denying leave to proceed against Sagecorp, the court found that Sagecorp had no assets or means to meet any judgment, and that there would be no utility in proceeding with the action. Additionally, the plaintiffs had not demonstrated an arguable claim against the new defendants, as the proposed statement of claim did not disclose any reasonable cause of action against them. The court also noted that the plaintiffs, as litigants in person, should be afforded caution in allowing amendments to the writ and statement of claim.