Litigation

$2 million priority dividend not enough to fend off FEG

David Solomon and Riad Tayeh may be preparing to pay a $2 million dividend to a priority creditor of 1st Fleet Pty Ltd (in liquidation) but that hasn’t stopped that same creditor belting the dVT partners with litigation that had its first airing in the courts this week. No details were ventilated when the matter came on for first directions on Wednesday but Minutes of the…

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Poor advice costs Cor Cordis pair

Low grade legal advice appears to be why Ozem Kassem and Jason Tang have been ordered to pay the costs of a party with whom they entered into a deed of settlement over a $60,000 vendor finance loan that’s been the focus of an ongoing dispute. In Mahmoud El Ali v JGYM Pty Ltd [2018] NSWSC 1298 (23 August 2018) NSW Supreme Court judge Michael Pembroke this week described…