ISX vs ASX, page-1821

Good afternoon. I see that things are starting to warm up a little - at least in one matter. That said, there's not really any incentive for ASX to try to settle the other case. Certainly not in the foreseeable future.

Given that the ASIC v ISX matter is now first up, that will in no small way inform the settlement prospects and strategy adopted in the later ISX v ASX matter due to the commonality of a number of issues to be determined. At the very least, you'll get a good look at several witnesses and a fair chunk of evidence relevant to the later matter. No doubt the ASX legal team will have a watching brief over the earlier hearing. If it goes well for ISX/Karantzis, the prospects of settling the later case may be enhanced. If it doesn't, then the ASX may be reluctant to engage in any meaningful pre-trial discussions, particularly when they now have security for costs.

Let's hope the timetable is adhered to by both parties. If it derails, you'd pity the person who has to front up early next year seeking to vacate a 10 day trial that has been listed for over 6 months.