Maurice Blackburn, the lawyers representing Trilogy Funds Management Limited in its capacity as the responsible entity for the Pacific First Mortgage Fund (Fund) has been notified by the former directors of City Pacific Limited, who were the subject of the recent dismissal of their appeal to the Full Court of the Federal Court of Australia, that they intend to seek special leave to appeal to the High Court of Australia.
It is often very difficult to obtain a grant of special leave entitling a party to have the High Court of Australia hear their appeal. The statistics show the vast majority of applications for special leave are unsuccessful. Applications are now often done “on the papers” without oral hearing.
The period for making such an application expires on 23rd October 2017. Unit Holders will be kept up to date with any further developments during this time.