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Showing posts with the label Dancing on a Tilted Stage

Nightcap on Minjungbal: Phoenixing in Action

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In modern commerce the phoenix bird is iconic, inspiring businesses burned by debts to rise from the ashes of destruction and continue trading under a different name, leaving their creditors behind. "Like the mythical bird that dies and then resurrects, phoenixing is the deliberate liquidation of a company to avoid paying creditors.. and then the ‘resurrection’ of the business through a different entity. It is illegal.  "The negative impact of insolvency is magnified by phoenixing, which enables a company that owes money to creditors and employees to restart without paying its debts." Curbing the Flight of the Phoenix  describes how phoenix moves are used by companies in insolvency to divest liabilities. Phoenixing is illegal, but that's not much of a deterrent, and it's become a booming business for delinquent company directors and their facilitators, insolvency liquidators and legal practitioners. The phoenixing of companies for private profit is inspired by le...

Dancing on a Tilted Stage

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By Gi Linda - It is my experience that false narratives established errors of fact before Qld Federal Court and NSW Supreme Court of Defamation in 2019, resulting in misapplication of law and imposition of gag orders.  Presumption that the courts have fully decided the matter and nothing further may be said is not only an egregious attempt to suppress truth, but is also  an abuse of legal process that denies justice.  This interferes with the true exercise of justice and advances dominant commercial interests under colour of law by constraining legitimate freedom of discussion on matters of public concern. At a hearing in NSW Supreme Court on Friday July 24, Judge Sackar heard contumacious contempt charges brought by "Mr X" against me, for alleged defamatory imputations in the book/blog “Nightmare on Minjungbal,” published at nightcapnightmare.com .  Mr X complains that by revealing information about the demise of more than twenty investors who did not receive ...