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ASIC, Costs, Judgment, Liquidators, Social/Professional 24 November 2023

Settlement duel between ASIC and liquidator revealed

Liquidator Jason Bettles. Worrells principal Jason Bettles offered to agree to a suspension of his liquidator’s registration as part of a counter offer made more than 12 months before his four year legal battle with ASIC ended in August when the regulator’s case was dismissed and it was ordered to pay Bettles’ costs. As part of those costs orders, Federal Court judge Brigitte Markovic granted…

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Administrators, Judgment, Regulation/Legislation, Social/Professional 18 October 2023

Judge lops six weeks off convening period extension

WA Insolvency Solutions’ Greg Prout. WA Insolvency Solutions’ Jimmy Trpcevski. The moral of this particular tale is that if you want a judge to approve your application to significantly extend the convening period, don’t starve them of detail. “It must be understood that requests for extensions of the convening period under s 439A are not simply available for the asking.” Supreme Court of West Australia…