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NewSat Limited sues its CEO and Chairman for breaches of directors' duties

February 2018

Client(s) NewSat Limited

Jones Day is acting for NewSat Limited, a formerly publicly listed Australian satellite company, on the instruction of its receivers from McGrathNicol in relation to a claim against NewSat's CEO and Chairman for breaches of directors' duties. NewSat, backed by U.S. and European lenders, was involved in attempting to build Australia's first commercial satellite business and collapsed in 2015 following its entry into and failure to comply with a number of satellite project contracts relating to the construction and launch of an Australian satellite.

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