Fifteen parties of collapsed fashion retailer Mosaic Brands – including directors, key staff, advisors and other stakeholders – are expected to take part in public examinations from July 1, 2026 following orders by the Federal Court of Australia.
The examinations, which are scheduled to run over 10 days in Sydney, were initially ordered by the Federal Court on March 25, with a recently released report by Wexted Advisors – the special purpose liquidators of Mosaic Brands – confirming the date and time.
Court orders for production were also made, returnable in the Examination Production List on May 28, 2026. In total, 21 parties have been ordered to produce company books and records, and 15 parties are to be publicly examined.
ERA Legal has been engaged as lawyers to assist the Wexted Advisors' special purpose liquidators of Mosaic – being Andrew McCabe, Wenjie (Jessie) Wang and Joseph Hayes – in preparing for the examinations.
However, access to some documents ahead of the examinations remains contested. On May 7, Wexted filed an application for directions, seeking guidance on accessing material over which the directors have claimed privilege. This includes safe harbour material. A management hearing that had been listed for May 28 has been rescheduled to on or around June 11.
ERA Legal is currently liaising with directors and their legal advisors regarding the notice of production, the public examinations and the application on the directors' claims of privilege over documents.
Wexted noted that further examination dates may be required, subject to findings during the process and court availability.
Following the examinations, Wexted expects to obtain counsel's advice to assess the merits of any claims, assess evidence and refine potential claims, and take further steps in relation to recovery actions including commencing proceedings and engaging in mediation and settlement discussions where appropriate.
Wexted cautioned that litigation of this nature and scale is complex and may take a number of years to resolve, and that any recoveries, if achieved, are unlikely to be realised in the short term.