Hyland Bay Pty Ltd v Petroz (Timor Sea) Pty Ltd & Ors [1996] FCA 305

Hyland Bay Pty Ltd v Petroz (Timor Sea) Pty Ltd & Ors [1996] FCA 305

The question of current value will be set aside for a separate hearing, as its consideration would protract and complicate proceedings unnecessarily at this stage. Liberty is reserved to parties to apply to vacate this order if circumstances change.

Parties
Applicant: Hyland Bay Pty Limited; First Respondent: Petroz (Timor Sea) Pty Limited; Second Respondent: Petroz NL; Third Respondent: Santos (ZOCA 91-12) Pty Limited
Jurisdiction
Australia
Judgment Date
11 March 1996
Procedural Posture
General Division / Interlocutory Order
Outcome
Order made to set aside question of current value for separate hearing; liberty to apply to vacate order reserved to parties.

Case Brief

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Parties

Hyland Bay Pty Limited

Applicant

Petroz (Timor Sea) Pty Limited

First Respondent

Petroz NL

Second Respondent

Santos (ZOCA 91-12) Pty Limited

Third Respondent

Procedural Posture

General Division / Interlocutory Order

Legal Issues

  1. 1 Whether evidence as to current value should be received at this stage of proceedings

Ratio Decidendi

The question of current value will be set aside for a separate hearing, as its consideration would protract and complicate proceedings unnecessarily at this stage. Liberty is reserved to parties to apply to vacate this order if circumstances change.

Court Disposition

Order made to set aside question of current value for separate hearing; liberty to apply to vacate order reserved to parties.

Orders

  • The question of current value be set aside for separate hearing.
  • Liberty to the parties to apply for vacation of this order.