[ad_1]
Another order issued on August 1 is that the receivers should report to the court within 10 days of appointment on relevant matters, including whether they believe any entity should be freed from receivership and any form of management.
Since then, the government has stepped in and Incorporate into statutory management.
Judge Campbell did not think the media should see all the information.
“My tentative view is that access to official court records should be allowed, except for redactions of private information such as bank account numbers, and nothing more.
“The FMA’s application for the appointment of a receiver and the supporting affidavit raise allegations which have not yet been tested. The court would not normally allow access to such documents at the pre-trial stage,” the judge said.
He noted that there was considerable public interest in the appointment of receivers to the various Duval entities, as well as the appointment of statutory managers.
“If certain entities remain in receivership, the argument that the receiver’s report should not be released may still be strong because, for those entities, the report is untested and therefore akin to a pleading or affidavit,” he said.
The ruling states that the parties in the case are the applicant FMA and the defendant Du Val-owned entities.
The judge said media representatives had the right to appear in court and express their views.
John Fisk, statutory manager at PricewaterhouseCoopers, said Duval Group’s total liabilities could reach $250 million.
Anne Gibson The Herald‘s real estate editor for 24 years, has written books, and has covered real estate issues extensively both domestically and internationally.
[ad_2]
Source link
