10 Aug 2009
ICON CENTRAL LIMITED V ANTONY COLLINGWOOD AND CAROLYN SCANLEN & ORS HC AK CIV-2008-404-007424
- Citation
- openlaw-d3684dd3_7cab_448d_a9f2_02fb3487802c.pdf
- Court
- High Court
The application for an interim injunction was refused because the bonds had already been called (making restraint futile), Icon had a bona fide arguable claim to draw on the bonds (so injunction against a beneficiary requires fraud or knowledge of no right), the applicants failed to identify the specific investors or provide undertakings, and the bonds had been assigned to Westpac which could potentially repay.