Norton Rose Fulbright

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. 

The ASX is fighting for a key witness in ASIC’s case over alleged misleading statements concerning its CHESS replacement program to appear at an upcoming trial, saying he needs to be cross-examined in person. 

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. 

A unit of developer Heworth has lost its bid to set aside a notice to produce served by Transport for NSW in relation to its claim for compensation over the compulsory acquisition of the Balmain Leagues Club site.

United Petroleum has won its case against the operator of Perth Airport claiming it was induced to enter a $900,000 lease and construction agreement with promises of redevelopment at the site, which is now in doubt.

A class action against United Petroleum by franchisees alleging they were forced to run loss-making Pie Face stores has found two funders to bankroll the case, one of which is based in Hong Kong.

Norton Rose Fulbright has appointed a partner from US firm Sidley Austin to join its Asia Pacific energy and infrastructure practice. 

Global law firm Norton Rose Fulbright has appointed a new Australia head to succeed Alison Deitz, who has led the team since 2020.

A global settlement may now be within reach in a class action brought by Navy technicians over training contracts after a larger number of same group members' claims have been assessed, a court has heard.