8-1-18 / Damian Clothier KC, Stewart Webster KC — Contract, Corporations, Professional Negligence
Whether there existed 'good reason' for renewing a claim pursuant to r24(2) of the Uniform Procedure Rules 1999 (Qld). Damian Clothier QC appeared for the plaintiffs, instructed by Holman Webb. Stewart Webster (with G A Thompson QC) appeared for the defendants, instructed by McInnes Wilson.
Australian Securities and Investments Commission v Drake (no2) [2016] FCA 1552
23-12-16 / Damian Clothier KC, Steven Forrest, Sam McCarthy — Commercial Equity, Corporations
This proceeding was brought by the Australian Securities and Investments Commission against the directors of the former LM Group of companies. The trial concerned allegations by ASIC of breach of directors' duties against five directors of a corporate trustee of a managed investment scheme.
Appeal against a decision to appoint an independent person to take responsibility for the winding up of a managed investment scheme with assets worth 100’s of millions of dollars.
