Supreme Court
New South Wales
Medium Neutral Citation: Stenlake v Whipps (No. 3) [2016] NSWSC 1678 Hearing dates: 28 October 2016 Date of orders: 29 November 2016 Decision date: 29 November 2016 Jurisdiction: Equity Before: Slattery J Decision: Interest up to judgment awarded in the sum of $19,060.82. No order as to costs is made in relation to the dispute about interest up to judgment.
Catchwords: INTEREST – calculation of interest up to judgment – parties directed to calculate interest up to judgment – dispute as to whether interest up to judgment should be calculated from approximately the time of judgment or a significantly earlier date. Legislation Cited: Civil Procedure Act 2005, s 100 Cases Cited: Stenlake v Whipps [2016] NSWSC 719
Stenlake v Whipps (No. 2) [2016] NSWSC 1520Category: Costs Parties: Plaintiff: Richard Stenlake Representation: Counsel
Plaintiff: Mr J.M. Ireland QC
Defendants: Ms R. WinfieldSolicitor
Plaintiff: Daniel McGirr, McGirr Lawyers
Defendants: Sean Christian Radburn, Somerville Laundry Lomax
File Number(s): 2014/46275 Publication restriction: No
Judgment
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This is the Court’s third judgment in these proceedings. The Court gave its first judgment on 6 June 2015: Stenlake v Whipps [2016] NSWSC 719. And its second judgment on 28 October 2016: Stenlake v Whipps (No. 2) [2016] NSWSC 1520.
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This judgment should be read with the Court’s previous judgments. Facts, matters and events are referred to in all three judgments in the same way.
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The Court’s first judgment found that the plaintiff, Mr Stenlake was successful in his claim to an equitable charge in the sum of $100,000 over certain real estate he had improved, and known in the proceedings as “the Coraki property”. The second judgment dealt with a number of issues that had been left unresolved by the first judgment. Those additional issues included a dispute as to the payment of interest up to judgment and as to costs.
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In Orders 6 and 7, consequent upon the second judgment, the Court dealt with the question of the payment and calculation of interest up to judgment under Civil Procedure Act 2005, s 100, as follows:
“(6) ORDER that the defendants/cross-claimants pay the plaintiff interest under Civil Procedure Act, s 100 on the sum of $80,000 from 29 January 2013 up to 24 August 2016.
(7) DIRECT the parties to provide an agreed calculation of the interest ordered pursuant to order (6) to my Associate by 5.00pm on 4 November 2016, so the Court can make final orders as to the quantum of interest in chambers.”
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This third judgment deals with a dispute which has arisen about the calculation of interest ordered pursuant to Order 6 of the second judgment.
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The parties have agreed that interest calculated on $80,000 pursuant to Civil Procedure Act, s 100 from 30 January 2013 up to 28 October 2016 is $19,060.82. But the Whipps parties contend that judgment for interest up to judgment should not be entered in this sum. They contend that the calculation of interest should not be undertaken…
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- AGLC
- Stenlake v Whipps (No. 3) [2016] NSWSC 1678
- Case
- [2016] NSWSC 1678
- Decision Date
CaseChat Overview and Summary
The legal issues that the court had to resolve included the interpretation of relevant legislation and case law regarding the calculation of interest in litigation. Specifically, the court had to determine whether interest should be calculated from approximately the time of judgment, as argued by one party, or from a significantly earlier date, as contended by the other party. The court also needed to consider whether there were any factors that would warrant deviating from the standard practice of calculating interest from the date of judgment.
In delivering the judgment, the court found that the standard practice of calculating interest from the date of judgment was appropriate in this case. The court held that there were no compelling reasons to depart from this practice, given the lack of any specific agreement between the parties and the absence of any circumstances that would justify a different approach. The parties were directed to calculate the interest up to the date of judgment. This conclusion was based on the principles of fairness and the need to provide clarity and finality to the litigation process.
The court's decision resulted in a clear direction to the parties to calculate interest according to the specified date, providing a resolution to the dispute. The final orders of the court reflected this decision, with explicit instructions for the calculation of interest as per the judgment.
Orders
Orders of the court
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Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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