ASIC Faces Strike-out of Application Against Mayfair 101’s James Mawhinney
Lawyers acting for the Mayfair 101 private equity investment group have applied to the Federal Court this week to strike out ASIC’s case against the group’s Managing Director, James Mawhinney.
The strike-out application was filed on Tuesday and seeks to have more than 50 paragraphs, in which ASIC seeks findings of contravention, struck out of the statement of claim.
ASIC’s claim seeks to hold Mr Mawhinney personally liable for various alleged contraventions which are yet to be determined, including the penultimate paragraph in which ASIC seeks inj
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