White & Case

Former directors of failed clothing retailer Mosaic Brands are claiming privilege over retainer letters between Deloitte and the company as special purpose liquidators investigate potential insolvent trading and directors duty breach claims.

An ASX statement from budget airline Rex that was optimistic about its 2023 profit prospects should have been corrected by April, ASIC has told a judge, disputing claims that the statement was not a forecast but merely an expression of what the board hoped for. 

ASIC has wrapped up its case against regional airline Rex without evidence from its former executive chairman, who reversed course this week and admitted he misled investors and breached his directors duties.

The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard. 

Four directors of regional airline Rex are set to decide this week whether they will remain silent in the face of allegations by the corporate regulator that they misled investors about the company’s financial position. 

The High Court has tossed a Mauritius company’s case seeking to enforce a $111.3 million arbitration award against India, finding the country's ratification of the New York Convention did not mean it had waived its immunity from the suit.

Crowley Australia has lost its challenge to a $6.1 million decision for contractor Latitude 63 in a payment row over the construction of fuel tanks in Darwin, with a judge rejecting claims the adjudicator should have recused himself. 

White & Case has lured a partner from King & Wood Mallesons with more than 20 years of experience working on private equity and mergers and acquisitions. 

A former White & Case lawyer with experience in Australia and in New York has returned to the firm’s Sydney office as a partner after a stint at King & Wood Mallesons

Crown Resorts has lost a fight against a proposal by funders for iProsperity Group's liquidators to put up an after-the-event insurance policy as security for costs in a case that seeks to recover $55 million in gambling losses.