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ASIC, Conduct, Directors, Liquidators 8 December 2021

ASIC and liquidator bound for trial if mediation fails

Worrells partner Jason Bettles. Barring settlement at mediation or ASIC’s case collapsing for want of competence the next 18 months represents a period of nagging uncertainty for Jason Bettles. Orders made in the Federal Court in November have paved the way for the Worrells Queensland partner to be tried next year on allegations of complicity in an illegal phoenix scheme. The allegations – which Bettles…

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ASIC, Corporates, Costs, Creditors, Fees, Judgment, Lawyers, Liquidations, Liquidators 15 October 2021

BBY duo conclude long adjourned remuneration bid

KPMG partner Stephen Vaughan. KPMG Partner Ian Hall. The interim divvie’s distributed, it’s twin awaits only delivery of a judgment reserved and now an application for remuneration – brought by BBY Limited’s liquidators Stephen Vaughan and Ian Hall in 2017 and adjourned in 2018 – has at last come to pass. “The total value of the assets (CSAs and recoveries) for which the liquidators have…