Lower Court Judgment
10/04/2014 Supreme Court of Victoria (Court of Appeal) (Maxwell P, Osborn JA & Robson AJA)
Catchwords
Equity – Trusts – Investment scheme – Investors invited to invest in timber plantation – Different operating companies undertook cultivation, milling and sale of timber – According to Trust Deed, trustee was to hold proceeds of timber sales for investors – Operating companies were liquidated before sale proceeds were paid to trustee – Whether commercial necessity mandated imputation of unstated trust over timber proceeds before payment to trustee.
15/08/2014 Hearing (SLA, Melbourne)
28/08/2014 Notice of appeal
19/09/2014 Written submissions (Appellants)
19/09/2014 Chronology (Appellants)
10/10/2014 Written submissions (Respondent)
24/10/2014 Reply
06/11/2014 Hearing (Full Court, Canberra) (Audio-visual recording)
