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A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
Venture capital fund EVP has secured a $10.4 million freezing order against pharmacy software start-up StrongRoom AI, after the company went into administration last week.
A former capital partner of HWL Ebsworth wants the High Court to overturn a finding that he was validly expelled from the partnership, arguing the firm’s conduct breached the Equal Opportunity Act.
An appeals court has overturned a ruling that HWL Ebsworth invalidly expelled a capital partner in 2020 and rejected claims the firm improperly sought to exclude him from a proposed IPO.
Michael Hill has won its challenge to a decision that found the jewellery retailer breached an exclusivity clause and minimum order requirements in a sales agreement with a packaging supplier.
HWL Ebsworth and a former capital partner have both appealed a ruling that found the partner was invalidly expelled in 2020 but that his partnership had been dissolved from the day he sued his former firm.
HWL Ebsworth has argued a former capital partner who was found to have been invalidly expelled in 2020 cannot claim a share of the law firm’s profits from then to now, saying he could not reap the benefits of partnership without the "burdens".
A judge has ruled that HWL Ebsworth invalidly expelled a former capital partner, finding that the expulsion, which prevented him from participating in a planned float of the firm on the ASX, breached the partnership deed.
A judge has criticised HWL Ebsworth’s discovery efforts and ordered the law firm to try again in the firm’s dispute with a former partner claiming the company cut him out of a proposed ASX float in 2020.
A former capital partner has called on HWL Ebsworth to produce communications between managing partner Juan Martinez and other members of the management team that allegedly preceded a decision to shut him out of the law firm’s plans to float on the ASX.