Banking Thursday, 2 April 2015 View in browser

A daily Bulletin listing our choice of Decisions of Superior Courts of Australia.
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Executive Summary (One Minute Read)
Australian Securities and Investments Commission v Park Trent Properties Group Pty Ltd (NSWSC) - legal professional privilege - waiver - company obliged to respond to notice to produce
Ciric v Ciric (NSWSC) - succession - family provision order in favour of son of deceased
Summaries With Link (Five Minute Read)
Australian Securities and Investments Commission v Park Trent Properties Group Pty Ltd [2015] NSWSC 342
Supreme Court of New South Wales
Sackar J
Legal professional privilege - waiver - ASIC claimed company contravened  s911A Corporations Act 2001 (Cth) by operating business without Australian Financial Services Licence - ASIC issued notice to produce to company - company claimed documents privileged because they ere primarily communications between company and legal advisors - ASIC accepted material was privilege but contended privilege had been waived - ss122(2) & 126 Uniform Evidence Act 1995 (NSW) - reasonably necessary to enable a proper understanding of the communication or document held: company conduct in disclosing result of advice, but not advice itself, amounted to an inconsistency with maintenance of privilege - company had disclosed part of substance of advice received - privilege had been waived in respect of certain documents with consequence that other documents also subject to waiver - company obliged to respond to notice to produce.
ASIC
Ciric v Ciric [2015] NSWSC 313
Supreme Court of New South Wales
Hallen J
Succession - plaintiff child of deceased made claim for family provision order under Succession Act 2006 (NSW) - prior Will of deceased - alleged misconduct by plaintiff in treatment of deceased - held: plaintiff was an eligible person - no provision in deceased’s Will for plaintiff - Court could not conclude deceased’s signed statement about plaintiff was accurate or its contents soundly based- deceased failed to make adequate and proper provision for plaintiff - lump sum order made.
Ciric