NEPTUNE HOSPITALITY PTY LTD v OZMEN ENTERTAINMENT PTY LTD (THE “SEADECK”)

[2021] Lloyd's Rep. Plus 25

FEDERAL COURT OF AUSTRALIA (FULL COURT)

Before Justice McKerracher, Justice Markovic and Justice Anastassiou

Joint venture – Fiduciary duty – Joint venture agreement to operate business offering luxury cruises on Sydney Harbour – Demise charter of vessel for purpose of joint venture – Whether appellant in breach of joint venture agreement – Whether joint venture agreement validly terminated.