FEDERAL COURT OF AUSTRALIA

Strategic Financial and Project Services Pty Limited v Bank of China [2012] FCA 757

Citation:

Strategic Financial and Project Services Pty Limited v Bank of China [2012] FCA 757

Parties:

STRATEGIC FINANCIAL AND PROJECT SERVICES PTY LTD ACN 110 336 966 and ENERGREEN WIND SYSTEMS PTY LTD ACN 100 729 842 v BANK OF CHINA LIMITED ARBN 002 979 955 and COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124

File number:

NSD 1900 of 2008

Judge:

ROBERTSON J

Date of judgment:

13 July 2012

Catchwords:

PRACTICE AND PROCEDURE non-compliance with self-executing orders for dismissal of proceedings

Cases cited:

Strategic Financial and Project Services Pty Limited v Bank of China [2012] FCA 701

Date of hearing:

13 July 2012

Place:

Sydney

Division:

GENERAL DIVISION

Category:

Catchwords

Number of paragraphs:

2

Solicitor for the Applicants:

Mr A Murray of Colin Biggers & Paisley

Counsel for the First Respondent:

Mr BA Coles QC with Mr S Golledge

Solicitor for the First Respondent:

Freehills

Solicitor for the Second Respondent:

Ms B Edel of Henry Davis York

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY

GENERAL DIVISION

NSD 1900 of 2008

BETWEEN:

STRATEGIC FINANCIAL AND PROJECT SERVICES PTY LTD ACN 110 336 966

First Applicant

ENERGREEN WIND SYSTEMS PTY LTD ACN 100 729 842

Second Applicant

AND:

BANK OF CHINA LIMITED ARBN 002 979 955

First Respondent

COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124

Second Respondent

JUDGE:

ROBERTSON J

DATE OF ORDER:

13 JULY 2012

WHERE MADE:

SYDNEY

THE COURT ORDERS THAT:

1.    The proceeding against the first respondent be dismissed.

2.    The applicants pay the first respondent’s costs.

3.    The proceeding against the second respondent be dismissed.

4.    The applicants pay the second respondent’s costs.

5.    The hearing listed to commence on 27 August 2012 for fifteen days be vacated.

Note:    Entry of orders is dealt with in Rules 39.32 of the Federal Court Rules 2011.

IN THE FEDERAL COURT OF AUSTRALIA

NEW SOUTH WALES DISTRICT REGISTRY

GENERAL DIVISION

NSD 1900 of 2008

BETWEEN:

STRATEGIC FINANCIAL AND PROJECT SERVICES PTY LTD ACN 110 336 966

First Applicant

ENERGREEN WIND SYSTEMS PTY LTD ACN 100 729 842

Second Applicant

AND:

BANK OF CHINA LIMITED ARBN 002 979 955

First Respondent

COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124

Second Respondent

JUDGE:

ROBERTSON J

DATE:

13 JULY 2012

PLACE:

SYDNEY

REASONS FOR JUDGMENT

1    These reasons should be read with the reasons I gave for making self-executing orders on 29 June 2012: Strategic Financial and Project Services Pty Limited v Bank of China [2012] FCA 701.

2    When the matter came on at 9.30 am this morning I was informed by Mr Murray, the legal representative of the applicants, that the applicants had not complied with the orders I made on 30 April 2012 and 1 May 2012 that the applicants give further security for the respondents’ costs by 21 May 2012, and therefore, in accordance with the orders I made on 29 June 2012, the proceedings against the first respondent and against the second respondent were to be dismissed with costs. I therefore made those orders.

I certify that the preceding two (2) numbered paragraphs are a true copy of the Reasons for Judgment herein of the Honourable Justice Robertson.

Associate:

Dated:    13 July 2012