Wang & Anor v Cai & Ors
[2022] NSWSC 1054
At a glance
Source factsCourt
Supreme Court of NSW
Decision date
2022-07-07
Before
Slattery J
Source
Original judgment source is linked above.
Judgment (8 paragraphs)
Judgment
- In late 2014 the first plaintiff Ms Xiaobo (Bonny) Wang formed several real estate joint ventures with her friend the second defendant Ms Yun Xia (Angela) Fang. Ms Wang claims in these proceedings that Ms Fang misled her into investing in these joint ventures and that Ms Fang should compensate her under the Australian Consumer Law, for her claimed losses, or should set aside the joint venture agreements between the corporate entities through which they each invested.
- Ms Fang and the entities she controls defend the proceedings, contending that no misleading conduct has occurred, and that Ms Wang has not suffered and will suffer no financial loss by reason of Ms Fang's conduct. It is generally convenient in these reasons to refer to primary contestants Ms Wang and Ms Fang, rather than the companies they respectively control.
- By motion filed on 30 June 2022 Ms Wang and the second plaintiff, Haixin Australia Pty Limited ("Haixin"), a company Ms Wang controls, seek asset freezing and disclosure orders against Ms Fang and the Ozjian Trading Pty Ltd ("Ozjian"), the fourth defendant, a company controlled by Ms Fang. Ms Wang claims her application is to protect the Court's jurisdiction in respect of the claims she makes both in these and other proceedings. When the matter came on for hearing Ms Wang sought in the alternative orders that she be given notice of further property transactions by Ms Fang. All the relief sought was opposed.
- The proceedings came on for hearing in the Equity duty list and were heard on 7 July 2022. Mr W. Muddle SC appeared for Ms Wang and Haixian. Mr D. Prichard SC and Mr A Macauley appeared for Ms Fang and Ozjian.
- This is an interlocutory decision not a final decision. It followed an urgent hearing in the Equity duty list. In such judgments the Court's task is not to undertake a preliminary trial and to give or withhold interlocutory relief upon some forecast as to the ultimate result of the factual dispute between the parties. There is no issue here that there is a serious question to be tried. The real issue is whether the balance of convenience lies pending final hearing. In such decisions the Court does not usually either give reasons or give reasons of any length. In such decisions the Court's reasons cannot encompass all the relevant facts and will usually only deal with a summary of the parties' submissions. These reasons are abbreviated in that standard way.