Daily Banking: Tuesday, 16 June 2015 View in browser
For optimised viewing please add "benchmark@benchmarkinc.com.au" to your safe senders list.

A daily Bulletin listing our choice of Decisions of Superior Courts of Australia.
Benchmark

Daily Banking

Executive Summary (One Minute Read)
InfraShore Pty Ltd v Health Administration Corporation (NSWSC) - commercial arbitration - contract - referral of dispute to arbitration refused
Saville v Hallmarc Constructions Pty Ltd (VSCA) - stay - security of payments - stay of costs orders granted
ASIC v Planet Platinum Ltd (VSC) - corporations - winding up - appointment of provisional liquidator
Summaries With Link (Five Minute Read)
InfraShore Pty Ltd v Health Administration Corporation [2015] NSWSC 736
Supreme Court of New South Wales
Hammerschlag J
Commercial arbitration - contract - defendant sought order that proceedings be referred to arbitration pursuant to s8 Commercial Arbitration Act 2010 (NSW) (the Act) and order that proceedings be stayed - whether action was matter subject of arbitration agreement - construction of contract - held: there was no agreement for referral of present dispute to arbitration to which s8 could attach - arbitration agreement was not operative in relation to dispute - motion dismissed.
InfraShore
Saville v Hallmarc Constructions Pty Ltd [2015] VSCA 144
Court of Appeal of Victoria
Tate & McLeish JJA
Stay - costs - applicant sought stay of costs orders until determination of his appeal in proceeding brought by respondent arising under Building and Construction Industry Security of Payment Act 2002 - r66.16 Supreme Court (General Civil Procedure) Rules 2005 - held: applicant and business in serious financial difficulty - there was risk that if stay not granted business run by applicant might not recover - respondent would not be prejudiced if stay granted - appeal raised issues of substance -  special and exceptional circumstances justifying stay - stay granted.
Saville
ASIC v Planet Platinum Ltd [2015] VSC 273
Supreme Court of Victoria
Efthim AsJ
Corporations - winding up - ASIC sought appointment of provisional liquidator pursuant to s472(2) Corporations Act 2001 - held: there was valid and duly authorised winding up application  - there was reasonable prospect there would be a winding up order - it was in public interest to appoint a provisional liquidator - public interest demanded that provisional liquidator be appointed - affairs of company had been carried out casually and without due regard to legal requirement - provisional liquidator appointed.
ASIC