NEW SOUTH WALES COURT ISSUES JUDGEMENT FOR BARCLAY PEARCE CAPITAL MANAGEMENT V/S BARCLAY PEARCE CAPITAL CORPORATE, ET AL. CASE

Australia, June 12 -- New South Wales Land and Environment Court issued text of the following judgement on May 13:

1. I gave judgment in this matter on 31 March 2025. [1] I shall use the same abbreviations here.

2. I concluded that Management was entitled to judgment against Corporate and Mr Wilson for its claim for unpaid Monthly Fees and the Staff Payments, and that Management was entitled to its costs on a party/party basis under the indemnity in the CAR Agreement. The effect is to entitle Management to judgment for $353,159.63, excluding costs and interest.

3. The parties are in dispute as to appropriate orders to give effect to my reasons. In particular:

1) the defendants dispute that Management was entitled to pre-judgment interes...