What kind of world do we live in where ASIC ignores direct, unanimous and contemporaneous evidence from 6 Australian citizens – our CEO, CFO, COO, CRO, General Counsel and a high profile Non-Executive Director in favour of a foreign power and their local rent-seeking enablers?
On the 28th of June 2021, Ashurst Australia paid me $46,000 for costs awarded against their client China Taiping in a hearing before the Supreme Court of New South Wales.
If Ashurst had of read the investment documentation and emails with the same attention as they read my blog posts, or undertook the path they represented to me in December 2019 of appointing an independent investigating accountant to get to the bottom of the whole structure for their and their client’s educational benefit, then their client would by now likely be in funds exceeding A$200 million and Ashurst wouldn’t be dealing with an annoying blogger impugning their otherwise stellar reputation.
As a follow-up to this popular post on Ashurst’s conduct around the receivership appointment over Sargon Capital Pty Ltd, I bring the Australian business community’s attention to issues around conflict management and how breaches of client confidentiality by Ashurst might have coloured advice given by Ashurst to China Taiping which led to Sargon’s unnecessary demise.
Ashurst destroyed Sargon and its clients prospects of recovery with its recommendation to appoint receivers in the circumstances, and then sealed their client’s fate by completely botching the execution.