FEDERAL COURT OF AUSTRALIA
Consolidated Constructions Pty Ltd v Bellenville Pty Ltd
[2002] FCA 1513PRACTICE AND PROCEDURE – interlocutory orders – Mareva type – asset preservation order – respondent developer incorporated for single purpose development comprising acquisition, major refurbishment ($23 million) and sale of building – paid up capital of $2 – claim by builder for substantial damages for misleading or deceptive conduct – developer sold building before practical completion – developer intended to disburse proceeds to its two shareholders – developer had no other assets – whether necessary to prove purpose to frustrate any judgment which builder might obtain – principles applicable – discretionary considerations.
Jackson v Sterling Industries Ltd (1987) 162 CLR 612 referred to
Riley McKay Pty Ltd v McKay [1982] 1 NSWLR 264 followed
National Australia Bank Ltd v Bond Brewing Holdings Ltd (1990) 169 CLR 271 referred to
Cardile v LED Builders Pty Ltd (1999) 198 CLR 380 applied
Glenwood Management Group Pty Ltd v Mayo (1991) 2 VR 49 referred to
Northcorp Ltd v Allman Properties (Australia) Pty Ltd [1994] 2 Qd R 405 referred to
Hayden v Teplitzky (1997) 74 FCR 7 referred to
Beach Petroleum NL v Johnson (1992) 9 ACSR 404 referred toCONSOLIDATED CONSTRUCTIONS PTY LTD v
BELLENVILLE PTY LTD & ORSW 283 of 2002
CARR J
4 DECEMBER 2002
PERTH
IN THE FEDERAL COURT OF AUSTRALIA
WESTERN AUSTRALIA DISTRICT REGISTRY
W283 OF 2002
BETWEEN:
CONSOLIDATED CONSTRUCTIONS PTY LTD
(ACN 008 699 330)
ApplicantAND:
BELLENVILLE PTY LTD (ACN 089 687 114)
First RespondentMANABROOK PTY LTD (ACN 088 231 743)
Second RespondentMAB CORPORATION PTY LTD (ACN 065 207 230)
Third RespondentBABCOCK & BROWN TRANSACTIONS PTY LTD
(ACN 077 901 976)
Fourth RespondentCENTRO PROPERTIES LIMITED (ACN 006 378 365)
Fifth RespondentJUDGE:
CARR J
DATE OF ORDER:
4 DECEMBER 2002
WHERE MADE:
PERTH
THE COURT ORDERS THAT:
1.Until further order, the first respondent in whatsoever capacity, be restrained by itself, its directors, officers, servants and agents (including its solicitors) and otherwise howsoever from:
(a)transferring, alienating or otherwise dealing with or disposing of or directing the payment of; or
(b)causing or permitting to be transferred, alienated or otherwise dealt with or disposed of or directed,
three million dollars ($3,000,000) of the unencumbered amount of the proceeds of the sale of the property consisting of 2 adjacent titles namely Lots 1103 and 1104 on Plan 27831 (Certificates of Title Volume 2216 Folio 92, and Volume 2216 Folio 91) (“the property”) in the possession, custody or control of the first respondent in whatsoever capacity pursuant to the contract dated 30 June 2002 of sale and purchase of the property in which CPT Manager Limited ABN 37 054 494 307 as Trustee of the Centro David Jones Sub-Trust is the purchaser of the property, or any other contract of sale and purchase (including without limitation any put and call option) of the property or any part thereof.
2.The costs of this application be reserved pending the hearing and…
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- Case
- [2002] FCA 1513
- Decision Date
CaseChat Overview and Summary
Orders
Orders of the court
1. Until further order, the first respondent in whatsoever capacity, be restrained by itself, its directors, officers, servants and agents (including its solicitors) and otherwise howsoever from:
(a) transferring, alienating or otherwise dealing with or disposing of or directing the payment of; or
(b) causing or permitting to be transferred, alienated or otherwise dealt with or disposed of or directed,
three million dollars ($3,000,000) of the unencumbered amount of the proceeds of the sale of the property consisting of 2 adjacent titles namely Lots 1103 and 1104 on Plan 27831 (Certificates of Title Volume 2216 Folio 92, and Volume 2216 Folio 91) (“the property”) in the possession, custody or control of the first respondent in whatsoever capacity pursuant to the contract dated 30 June 2002 of sale and purchase of the property in which CPT Manager Limited ABN 37 054 494 307 as Trustee of the Centro David Jones Sub-Trust is the purchaser of the property, or any other contract of sale and purchase (including without limitation any put and call option) of the property or any part thereof.
2. The costs of this application be reserved pending the hearing and determination of application No W302 of 2002.
3. There be liberty to any party to apply upon seven days written notice to the other parties.
Background
Background to the litigation
Evidence
Evidence Before The Court
Full text does not contain this section.
Decision
Reasons for decision
Ratio Decidendi
Legal Principle Established
Established by: CARR J
Full text does not contain this section.