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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
Restructuring - 2025 in review and predictions for 2026
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European Union, United Kingdom, USA, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Litigation, Freshfields, Private equity, Supply chain, ESG, Office of Foreign Assets Control (USA), Solvency II Directive (2009/138/EU), Insolvency Regulation (1346/2000) (EU)