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US Realty Investments LLC #1 & Ors v Need

US Realty Investments LLC #1 & Ors v Need

Case [2013] VSC 590

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AGLC: US Realty Investments LLC #1 & Ors v Need [2013] VSC 590
Case: [2013] VSC 590
Decision Date: 31 October 2013

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Citations

US Realty Investments LLC #1 & Ors v Need [2013] VSC 590

Most Recent Citation

Proride Services Pty Ltd v Pro-Ride Racing Australia Pty Ltd [2019] VCC 1879

Cases Citing This Decision

Tex Onsite Pty Ltd & Ors v Cornwalls (a firm) & Ors (Security for Costs) [2024] VSC 93
Citation 1 (Para 1)

…costs.[28] [27] Trility Pty Ltd v Ancon Drilling Pty Ltd [2013] VSC 577, [11] (Croft J) (‘ Trility ’ ). [28] US Realty Investments LLC #1 v Need [2013] VSC 590, [22] citing Tradestock Pty Ltd v TNT (Management) Pty Ltd (1977) 14 ALR 52, 56.…
Lottah Mining Pty Ltd (in liq) v Summers [2024] VSC 47
Citation 2 (Para 1)

…ntiff if it is prevented from pursuing a proper claim because of its impecuniosity.[52] [52]Ibid [14], citing US Realty Investments LLC No.1 v Need [2013] VSC 590, [22] (Derham AsJ).…
Bogan v The Estate of Peter John Smedley (Deceased) (Security for Costs) [2023] VSC 105
Citation 3 (Para 1)

…y Ltd [2017] VSC 200, [71] (Matthews JR, as her Honour then was) (‘ Bodycorp Repairers (No 1) ’), citing US Realty Investments LLC #1 v Need [2013] VSC 590, [64] (‘ US Realty ’); Troiano v Voci (2019) 61 VR 511, 526 [49] (Riordan J).…
A40 Construction and Maintenance Group Pty Ltd v Smith (No 2) [2022] VSC 72
Citation 4 (Para 1)

…y where matters are complex, the question of the prospect of success becomes almost a neutral point.[5] [5] US Realty Investments LLC #1 & Ors v Need [2013] VSC 590 ( ‘US Realty’) , per Derham AsJ.…
Andrews v Zuccubarr Pty Ltd [2020] VSC 675
Citation 5 (Para 1)

…ct 2001 (Cth).[42] [42]see for example Colmax Glass Pty Ltd v Polytrade Pty Ltd [2013] VSC 311, at [14]-[22]; US Realty Investments LLC (No.1) v Need [2013] VSC 590, at [18]-[38]; ACN006577162 Pty Ltd v Beauville Pty Ltd [2014] VSC 298; ACN 096 450 770 (formerly AJH Lawyers Pty Ltd) v Mathieson Nominees & Anor [2…
Coonwarra Pty Ltd v Cornonero Pty Ltd (No 2) [2019] VSC 702
Citation 6 (Para 1)

…d submissions. [3] Colmax Glass Pty Ltd v Polytrade Pty Ltd [2013] VSC 311; Cox v Cox & Ors [2013] VSC 318; US Realty Investments LLC #1 & Ors v Need [2013] VSC 590; Opes Prime Group Ltd & Anor v Niako Investments Pty Ltd & Anor [2014] VSC 414; Imam Ali Islamic Centre v Imam Ali Islamic Centre Inc [2015] VSC 692;…
Oakmont Properties Pty Ltd v Duan Lan Zhang [2019] VSC 568
Citation 7 (Para 1)

…les relevant to consideration of the application are as set out in Derham AsJ’s decision of US Realty Investments LLC LLC #1 & Ors v Need. [14] [14][2013] VSC 590, [21]-[31].…
Brooklyn Landfill and Waste Recycling Pty Ltd v Commonwealth Golf Club Inc [2019] VSC 52
Citation 8 (Para 1)

…the wording of rule 62.02 differs from s 1335, the principles established in relation to both the rule and statutory provision apply equally.[5] [4][2013] VSC 590, [18]-[38] (“ US Realty ”). [5] Australian Institute (Vic & Tas) Pty Ltd v Australian Institute of Fitness (NSW) Pty Ltd & Or s [No 2] [2016] VSC 625 […
Grace Christian Chapel v Canaan Holdings Pty Ltd (Security for Costs) [2019] VSC 5
Citation 9 (Para 1)

…Glass Pty Ltd v Polytrade Pty Ltd. [22] For convenience I adopt the summaries set out in US Realty and Colmax . Rule 62.02 of the Rules applies. [21][2013] VSC 590 (‘ US Realty ’) [18]–[38]. [22][2013] VSC 311 (‘ Colmax ’ ) [14]–[22].…
Coonwarra Pty Ltd v Cornonero Pty Ltd & Ors [2018] VSC 333
Citation 10 (Para 1)

…e, my decisions in Colmax Glass Pty Ltd v Polytrade Pty Ltd [2013] VSC 311; Cox v Cox & ors [2013] VSC 318; US Realty Investments LLC #1 & Ors v Need [2013] VSC 590; Opes Prime Group Ltd & Anor v Niako Investments Pty Ltd & Anor [2014] VSC 414; Imam Ali Islamic Centre v Imam Ali Islamic Centre Inc [2015] VSC 692;…
Roth Morgan Kolomanski Pty Ltd v Candlebrush Investments Pty Ltd [2018] VSC 288
Citation 11 (Para 1)

…enience, I adopt the summary set out in by Derham AsJ in US Realty . Rule 62.02 of the Rules and s 1335 of the Corporations Act 2001 (Cth) apply. [15][2013] VSC 590 [18]–[38] (‘ US Realty ’).…
Bodycorp Repairers Pty Ltd v GDG Legal Pty Ltd [2017] VSC 621
Citation 12 (Para 1)

…ber of decisions of this Court and in particular that of US Realty Investments LLC #1 & Ors v Need [6] – which were not in issue on this appeal. [6][2013] VSC 590 ( US Realty ) [18]-[38].…
Raventhorpe Pty Ltd & Ors v Westpac Banking Corporation [2017] VSC 362
Citation 13 (Para 1)

…olytrade Pty Ltd. [3] For convenience I adopt the summaries set out in US Realty and Colmax . Rule 62.02 of the Rules and s 1335 of the Act apply. [2][2013] VSC 590 (31 October 2013) (‘ US Realty ’) [18]–[38]. [3][2013] VSC 311 (14 June 2013) (‘ Colmax ’ ) [14]–[22].…
Bodycorp Repairers Pty Ltd v GDG Legal Pty Ltd [2017] VSC 200
Citation 14 (Para 1)

…or security for costs are well established and are referred to in many decisions of this Court, including US Realty Investments LLC No.1 & Ors v Need [2013] VSC 590 (‘ US Realty ’) at paragraphs [18]-[38]. For convenience I adopt the summary set out in US Realty . Rule 62.02 of the Rules and s 1335 of the Corpora…
Von Marburg v Aldred & Anor (No 3) [2017] VSC 146
Citation 15 (Para 1)

…ase.[46] [44] CBS Records Australia Ltd v Telmak Teleproducts (Aust) Pty Ltd (1987) 72 ALR 270, 284-5. [45] US Realty Investments LLC #1 & Ors v Need [2013] VSC 590 [21]. [46] PS Chellaram & Co Ltd v China Ocean Shipping Co (1991) 102 ALR 321 at 323. This case involved a company incorporated in Hong Kong with no…
Hera Project Pty Ltd v Bisognin [2017] VSC 112
Citation 16 (Para 1)

…or security for costs are well established and are referred to in many decisions of this Court, including US Realty Investments LLC No.1 & Ors v Need [2013] VSC 590 (‘ US Realty ’ ) at paragraphs [18]-[38]. For convenience I adopt that summary. Rule 62.02 of the Rules and section 1335 of the Corporations Act 2001…
ACN 006 577 162 Pty Ltd (formerly Harrop Engineering Australia Pty Ltd) as trustee for Harrop Family Trust v Beauville Pty Ltd [2014] VSC 298
Citation 17 (Para 1)

…): see for example Colmax Glass Pty Ltd v Polytrade Pty Ltd, [2] and US Realty Investments LLC (No.1) v Need .[3] [2][2013] VSC 311, at [14]-[22]. [3][2013] VSC 590, at [18]-[38].…
Owners Corporation PS418693K v Contract Control Services & Ors (Ruling) [2025] VCC 1586
Citation 18

…td v Polytrade Pty Ltd [2013] VSC 311; Trility Pty Ltd v Ancon Drilling Pty Ltd [2013] VSC 577; US Realty Investments LLC #1 v Need [2013] VSC 590; Great Barrier Reef Yacht Club Villas Pty Ltd v Insurance Australia Ltd [2024] QSC 320; The Owners - Strata Plan No 87639 v Karimbla Properties Pty Ltd [2025] NSWSC 10…
Gilridge Investments Pty Ltd v Diamond Builders Pty Ltd [2025] VCC 1134
Citation 19

…Procedure Rules 2018 (Vic); Supreme Court (General Civil Procedure) Rules 2005 (Vic) Cases Cited: US Realty Investments LLC #1 v Need [2013] VSC 590; Livingspring Pty Ltd v Kliger Partners (2008) 20 VR 377; Trility Pty Ltd v Ancon Drilling Pty Ltd [2013] VSC 577; Ballymoss Pty Ltd v Kollaras & Co Pty Ltd (No 4) […
Fortcon Pty Ltd & Anor v Babicka & Ors (Security for Costs) [2025] VCC 616
Citation 20

…Procedures) Rules 2005 ; Corporations Act 2001 (Cth); Evidence Act 2008 (Vic). Cases Cited: US Realty Investments LLC #1 v Need [2013] VSC 590; Livingspring Pty Ltd v Kliger Partners (2008) 20 VR 377; Trility Pty Ltd v Ancon Drilling Pty Ltd [2013] VSC 577; Ballymoss Pty Ltd v Kollaras & Co Pty Ltd (No 4) [2023]…
Mantzaris v Smith Construction Group Pty Ltd (Security for Costs) [2023] VCC 2424
Citation 21

…ors Pty Ltd [1996] 2 VR 507, Epping Plaza Fresh Fruit & Vegetables Pty Ltd v Bevendale Pty Ltd (1999) 2 VR 191, US Realty Investments LLC #1 v Need [2013] VSC 590, Ballymoss Pty Ltd v Kollaras & Co Pty Ltd (No 4) [2023] VCC 1268, Nylex Corporation Pty Ltd v Basell Australia Pty Ltd [2009] VSC 97, DIF III Global C…
Ballymoss Pty Ltd v Kollaras & Co Pty Ltd (No 4) [2023] VCC 1268
Citation 22

…John Smedley, deceased & Ors [2022] VSC 645; Indtex Pty Ltd v Knight Homes Pty Ltd [2020] VSC 427; US Realty Investments LLC #1 & Ors v Need [2013] VSC 590; Credit Clear Limited [2022] VSC 206; Madgwick v Kelly [2013] 212 FCR 1; Expense Reduction Analysts Group Ltd v Armstrong Strategic Management and Marketing…
Proride Services Pty Ltd v Pro-Ride Racing Australia Pty Ltd [2019] VCC 1879
Citation 23

…; Pun v Poon [2019] NSWSC 918; Saint-Gobain RF Pty Ltd v Maax Spa Corporation Pty Ltd (2004) VSC 335; US Realty Investments LLC #1 v Need [2013] VSC 590; Warren Mitchell Pty Ltd v Australian Maritime Officers’ Union (1993) 17 ASCR 1…

Cases Cited

Statutory Material Cited

Madgwick v Kelly [2013] FCAFC 61
Citation 1 (Para 5)

…either unwilling or unable to provide security.[67] [67]Per Hodgson J in Dae Boong International Company Pty Ltd v Gray [2009] NSWCA 11 at [27]; Madgwick v Kelly (2013) FCR 1 at [82].…
Dae Boong International Co Pty Ltd v Gray [2009] NSWCA 11
Citation 2 (Para 5)

…costs themselves, and are either unwilling or unable to provide security.[67] [67]Per Hodgson J in Dae Boong International Company Pty Ltd v Gray [2009] NSWCA 11 at [27]; Madgwick v Kelly (2013) FCR 1 at [82].…
Livingspring Pty Ltd v Kliger Partners [2008] VSCA 93
Citation 3 (Para 19)

…s of the defendant if she is successful in her defence of the proceeding: s 1335 of Corporations Act.[34] [34] Livingspring Pty Ltd v Kliger Partners (2008) 20 VR 377 at 381 [11].…
Fiduciary Ltd v Morningstar Research Pty Ltd [2007] NSWSC 432
Citation 4 (Para 2)

…Commodity Brokers Australia Pty Ltd (in liq) [50]. [45](1982) 7 ACLR 97 (SASC). [46](1982) 42 ALR 563. [47][1996] 2 VR 507. [48][2001] VSC 161. [49](2004) 208 ALR 564 at [72] . [50](1983) 35 SASR 294 at 301-2 ; 8 ACLR 410 at 416 per Bollen J; Fiduciary Ltd v Morningstar Research (2004) 208 ALR 564 at [72].…
Moore v Macks [2007] FCA 509
Citation 5 (Para 4)

…ity will frustrate the litigation to raise the issue of impecuniosity of those whom the litigation will benefit and to prove the necessary facts. [53](1984) 2 FCR 1 at 4.…
Kavcor Pty Ltd (in liq) v Kavanagh [2005] NSWSC 1163
Citation 6 (Para 12)

…(regarding Pretium) of the Lewis Affidavit. [58][1996] 2 VR 507, Phillips JA at 515-518 (Ormiston JA at 508 and Charles JA at 519 agreeing). [59][2005] NSWSC 1163, Palmer J at [10]-[15].…
Fiduciary Ltd v Morningstar Research Pty Ltd [2004] NSWSC 664
Citation 7 (Para 2)

…LR 563. [47][1996] 2 VR 507. [48][2001] VSC 161. [49](2004) 208 ALR 564 at [72] . [50](1983) 35 SASR 294 at 301-2 ; 8 ACLR 410 at 416 per Bollen J; Fiduciary Ltd v Morningstar Research (2004) 208 ALR 564 at [72].…
Idoport Pty Ltd v National Australia Bank Ltd [2001] NSWSC 744
Citation 8 (Para 3)

…v Morningstar Research (2004) 208 ALR 564 at [73]. [52](1985) 3 ACLC 542 at 545 per Clarke J; see also Idoport Pty Ltd v National Australia Bank [2001] NSWSC 744; at [50] per Einstein J; Fiduciary Ltd v Morningstar Research (2004) 208 ALR 564 at [73].…
Epping Plaza Fresh Fruit & Vegetables Pty Ltd v Bevendale Pty Ltd [1999] VSCA 43
Citation 9 (Para 27)

…arded: Epping Plaza Fresh Fruit & Vegetables Pty Ltd v Bevendale Pty Ltd .[42] [41](1991) 5 ACSR 621; 9 ACLC 1218 (VSC) [42][1999] 2 VR 191 at 199; [1999] VSCA 43;…
Garcia v National Australia Bank Ltd [1998] HCA 48
Citation 10 (Para 7)

…e principles expounded in such cases as Yerkey v Jones[2] and Garcia v National Australia Bank Ltd ( Garcia).[3] [2](1936) 63 CLR 649, at 684-6. [3](1998) 194 CLR 395 at 408 [31]. Background…
Impex Pty Ltd v Crowner Products Ltd [1994] QCA 149
Citation 11 (Para 1)

…nd to do so would ordinarily be a waste of resources: Impex Pty Ltd v Crowner Products Ltd; [43] Ariss v Express Interiors Pty Ltd (in liq). [44] [43](1994) 13 ACSR 440 (QSC). [44][1996] 2 VR 507 at 514 per Phillips JA. Stultification…
Australian Securities and Investments Commission v ActiveSuper Pty Ltd (No 2) [2013] FCA 234
Citation 12 (Para 10)

…ated 19 October 2011, whilst the mortgage is undated. [9]See generally Australian Securities and Investments Commission v ActiveSuper Pty Ltd (No. 2) [2013] FCA 234. [10]Mr Need’s affidavit at [25], [30], [37]. [11]Mr Need’s affidavit at [49].…
Commonwealth v Hendon Industrial Park Pty Ltd [1995] FCA 429
Citation 13 (Para 14)

…ose investors who have lost their investment) to make funds available to satisfy an order for security.[63] [62] Constantinidis v JGL Trading Pty Ltd (1995) 17 ACSR 625, Kirby P at 636; Australian Securities and Investments Commission v ActiveSuper Pty Ltd (No. 2) (2013) 93 ACSR 189, Gordon J [11]-[18]. [63]Cf Fitzro…
KP Cable Investments Pty Ltd v Meltglow Pty Ltd [1995] FCA 76
Citation 14 (Para 26)

…ence to the contrary;[40] [40] Bryan E Fencott and Assocs Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 497; KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189; 13 ACLC 437 at 439;…
Bryan E Fencott & Associates Pty Ltd v Eretta Pty Ltd [1987] FCA 102
Citation 15 (Para 26)

…na fide with reasonable prospects of success in the absence of evidence to the contrary;[40] [40] Bryan E Fencott and Assocs Pty Ltd v Eretta Pty Ltd (1987) 16 FCR 497; KP Cable Investments Pty Ltd v Meltglow Pty Ltd (1995) 56 FCR 189; 13 ACLC 437 at 439;…
Tradestock Pty Ltd v TNT (Management) Pty Ltd [1980] FCA 130
Citation 16 (Para 22)

…efendant is unable to recover costs from the plaintiff: See the observations of Smithers J in Tradestock Pty Ltd v TNT (Management) Pty Ltd .[36] [36](1977) 14 ALR 52 at 56.…
Drumdurno Pty Ltd v Braham [1982] FCA 167
Citation 17 (Para 2)

…he order would be that the defendants would achieve a "victory" without any contest: Spiel v Commodity Brokers Australia Pty Ltd (in liq) [50]. [45](1982) 7 ACLR 97 (SASC). [46](1982) 42 ALR 563. [47][1996] 2 VR 507. [48][2001] VSC 161. [49](2004) 208 ALR 564 at [72] . [50](1983) 35 SASR 294 at 301-2 ; 8 ACLR 410 a…
Premier Capital (China) Ltd v Sandhurst Trustees Ltd [2011] VSC 572
Citation 18 (Para 8)

…bstantial security for costs order calculated as if the trial was going to run.[68] [68] Premier Capital (China) Ltd v Sandhurst Trustees Ltd & Ors [2011] VSC 572, [7].…
Fitzroy Football Club Ltd v Brisbane Bears-Fitzroy Football Club Ltd [2010] VSC 180
Citation 19 (Para 14)

…tiveSuper Pty Ltd (No. 2) (2013) 93 ACSR 189, Gordon J [11]-[18]. [63]Cf Fitzroy Football Club Limited v Brisbane Bears-Fitzroy Football Club Limited [2010] VSC 180, Mukhtar AsJ at [39]. Defendant’s submissions…
Excelsior Run Pty Ltd (in liq) v Nelius Pty Ltd [2001] VSC 161
Citation 20 (Para 2)

…ny contest: Spiel v Commodity Brokers Australia Pty Ltd (in liq) [50]. [45](1982) 7 ACLR 97 (SASC). [46](1982) 42 ALR 563. [47][1996] 2 VR 507. [48][2001] VSC 161. [49](2004) 208 ALR 564 at [72] . [50](1983) 35 SASR 294 at 301-2 ; 8 ACLR 410 at 416 per Bollen J; Fiduciary Ltd v Morningstar Research (2004) 208 ALR…

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