Juliet and Juliet (No. 2)

This matter came before Murphy J concerning proceedings between Juliet (Applicant) and Juliet (Respondent), with Y Pty Ltd being joined as a Respondent. The dispute involved orders sought by the Applicant relating to the conduct of Y Pty Ltd, its directors, and shareholders, particularly concerning the company's assets and the parties' interests within it.

The court was required to determine whether to grant interlocutory orders aimed at preserving the status quo regarding Y Pty Ltd's assets and the parties' entitlements. Specifically, the court considered the necessity of orders requiring notification of director resignations, disclosure of sale contracts for company land, and restrictions on the distribution of sale proceeds. Further issues included the authorisation of payments to a specific solicitor's trust account and injunctions restraining the sale, transfer, encumbrance, alienation, or leasing of company real property, as well as any actions that might dilute or reduce the parties' interests, control, or entitlements in Y Pty Ltd.

Murphy J made orders that, until further order, Y Pty Ltd be joined as a Respondent. The court ordered that directors of Y Pty Ltd must provide advance notice of resignation and details of successors, and within twenty-four hours of receiving a contract for sale of specific land or any subdivided lot, or any disposition of shares, they must inform the Applicant's solicitors and provide copies of relevant documents. Directors were also restrained from distributing sale proceeds from company assets, particularly the specified land, without the Applicant's written consent, save for specified outgoing payments. Furthermore, directors were directed to authorise the payment of all proceeds, dividends, or other payments received by Mr Juliet as a shareholder to the husband's solicitor's trust account. The court also granted injunctions restraining directors and/or shareholders from selling, transferring, encumbering, alienating, or leasing company real property without the Applicant's prior written consent, and from taking any action that could dilute or reduce the husband's and wife's interests, control, or entitlement in Y Pty Ltd without the other party's written consent. Costs were reserved.