Lawyers

“Vague statements” no way to delay winding up

Some of the lawyers among SiN’s readers may have already seen the “vague statements” proffered by defendants in Fortune Technology Fund Ltd v Premier Eastern Energy Ltd [2018] WASC 35 (7 February 2018). in their attempts to adjourn the hearing of a winding up application. The parties had agreed to a timetable in December last year but when the matter came before Judge Craig Sanderson for hearing…

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Lawyers’ cop tainted by Asden liquidation

Is Asden Developments the insolvency equivalent of an A-bomb? Its ex-director and her advisor were bankrupted, its first liquidator was admonished by the courts, and when the second liquidator tried to turn his predecessor’s humiliation into recoveries and fees, he lost. That was the initial fallout after Asden was placed into liquidation by its director back in late 2010. Now it seems even parties somewhat removed…