High Court rejects Mayfair and Mawhinney special leave applications03 May 2023 04:15Then there is from another site:-High Court rejects Mayfair and Mawhinney special leave applications03 May 2023 04:155 Key takeaways and implications for future financial services enforcementIntroductionAfter a lengthy and hard-fought legal battle, the High Court has rejected the Mayfair 101 group of companies and their director James Mawhinney’s special leave applications. What can financial services licensees and their directors learn from the Mayfair 101/Mawhinney saga? How could this impact ASIC’s tactics in initiating future enforcement action and the strategic decisions of private parties in defending such proceedings?Practical Guidance Legal Writer Luba Poukchanski analyses the proceedings brought by the Australian Securities and Investments Commission (ASIC) against both the Mayfair 101 group and James Mawhinney personally. The case raises interesting issues of policy and legislative interpretation, and provides useful lessons for the corporate regulator, as well as for private parties.
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