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Wednesday, 11 February 2015

Executive Summary (One Minute Read)
In the matter of Imperium Projects Pty Ltd (NSWSC) - corporations - derivative action - former director granted leave to bring proceedings on company’s behalf
Graham v Western Australian Planning Commission (WASCA) - costs - successful appeal from decision of SAT - question of costs of proceedings before SAT remitted to SAT
Summaries With Link (Five Minute Read)
In the matter of Imperium Projects Pty Ltd [2015] NSWSC 16
Supreme Court of New South Wales
Black J
Corporations – derivative action - former director and current shareholder of first defendant company sought order under s237 Corporations Act 2001 (Cth) granting leave to bring proceedings on behalf of company for declarations that current directors contravened ss181 & 182, order that they compensate company for damage, and an order for an account of profits - best interests of company - serious questions to be tried - good faith - held: Court satisfied former director established it was in company’s best interests to bring proceedings in respect of some matters for which he sought leave to bring derivative claims.
 In the matter of Imperium Projects Pty Ltd
Graham v Western Australian Planning Commission [2014] WASCA 234
Court of Appeal of Western Australia
Martin CJ, Buss JA & Beech J
Costs – Court of Appeal concluded State Administrative Tribunal lacked jurisdiction to determine compensation payable for taking of lots – Court ordered application to strike out proceedings with respect to determination of compensation for taking of one lot be remitted to SAT - parties disagreed whether Court should make order with respect to costs of proceedings before SAT - held: Court should not exercise its power to make orders with respect to costs of proceedings before SAT - proceedings not completed - SAT not jurisdiction in which costs ordered as matter of course -contentious issues best determined by SAT rather than Court - respondent to pay appellants’ costs of appeal - question of costs of proceedings before SAT remitted to SAT.
Graham