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You can’t rely on anyone but yourself - insolvent companies, litigation funding and security for costs

This week’s TGIF considers Australian Worldwide Pty Ltd v AW Exports Pty Ltd where the Court awarded security for costs against plaintiff companies in liquidation, despite a litigation funder’s indemnity against adverse costs.

Background

Australia, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth
Midstream at Issue in Bankruptcy: Sabine is Upheld in the District Court

The Southern District of New York upheld a very closely watched decision of recent years affecting bankruptcies in the oil and gas industry.

USA, New York, Insolvency & Restructuring, Litigation, Reed Smith LLP