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ASIC funding down the gurgler

The ASIC FY2019 annual report was released the other week, and unfortunately it is slim reading for Liquidators looking to ASIC to fund claims against dodgy directors/advisors. By their own admission, YOY comparisons show that the litigation fund set up by ASIC has decreased c$600k since FY2018: Remember, this funding is designed to help liquidators…

Sequential trial model rubbished in Victoria

Victorian Court of Appeal has just slammed the use of the ‘’sequential trial model’ (STM) in a bitter family dispute involving breaches of trust and fiduciary duties. Hoh v Ying Mui Pty Ltd [2019] VSCA 203 The STM was proposed by the trial Judge due to what he described as the extraordinary breadth of issues in dispute and…