Australia, June 24 -- New South Wales Land and Environment Court issued text of the following judgement on May 23:
1. LEEMING JA: The second and third appellants, Mr David Carr and Ms Rosalind Carr, and their company, the first appellant David & Ros Carr Holdings Pty Ltd (DRCH), appeal from the dismissal of proceedings brought by them and heard over eight days in the Equity Division of this Court. The appeal is opposed by Mr Ivan Ritossa and Ms Marina Ritossa, the first and second respondents. The third respondent, Darbalara Holdings Pty Ltd, is the trustee of a unit trust known as the "Darbalara Property Trust", the units in which were originally issued to the Carrs and the Ritossas in equal shares. Subsequently, the Carrs and the Ritossa...