Ann: Legal Update on Singapore High Court Action, page-91

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19/02/18

17:52

Post #: 31167169
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Originally posted by agentm ↑

android, there are not ways of delaying xstates court judgement enforcement processes, and if clifford chance went full throttle now they would have this wrapped in a matter of a few months.

i would not believe anything GO posts, his last ranting about all his business associates in asia all regularly spending $30 million to evade a court orders and bankruptcies is as ludicrous as his present rantings.. he has no idea about court processes and has no legal knowledge what so ever

anyone in business knows you cannot evade xstates court orders or any bankruptcy process, bankrupts are made that way through an application process, its a court appointment ultimately, and to evade it would mean contempt of court and to face jail.
as for settling on the court steps, how ridiculous!! there are no court processes in place, the opportunity to appeal the court order in WA has expired, so its just enforcement.

previously GO was asked to clarify his rantings, just with one precedent, or with any point or process that could delay anything, he could as there is not anything.

The WA judgement is ratified and accepted as a Singapore judgement now, and totally enforceable in that jurisdiction. which is exactly what xstate is now pursuing, the damages are very substantial and the damage being done to reputations would equally be impacting imho.

imho, if the damages claim is not settled immediately, the only option available to xstate would be bankruptcy imho. and that is what i imagine would be taking place.

and it does not take years to bankrupt in singapore

for the courts to allow a bankruptcy, all you have to have is a debt more than $15,000 and the courts will immediately allow the process, going bankrupt for more than $500,000 disallows early releases from bankruptcy, so full 7 years will apply, and you have travel restrictions and immigration issues, and of course restrictions on being a director of a company, something they would be in that jurisdiction. but when its commenced on the back of a court order and imho an attempted service, the courts would be satisfied enough for immediate bankruptcy, particularly given the size of the damages.

there is nothing anyone can do and no processes to delay bankruptcy.

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Oh righto, instant cash then... ask Chris Skase (although that may prove difficult), or Donald Trump (chased thru bankruptcy courts a few times).... or even Bondy.. how long did that take? Instant cash, ,,,,no, sorry...rightly or wrongly all a game...imo
Lesson here... CRs over SP value always end in tears... imo.... nothing has made sense since day dot in this process..but you dont chase guys worth 100 times your market cap and expect anything other than an empty till at the end... no matter how noble the cause...imo
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Ann: Legal Update on Singapore High Court Action, page-91

Harvey Norman may appeal ASIC Federal Court case – the third lawsuit on its plate

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Ann: Legal Update on Singapore High Court Action, page-91

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