conflict of interest?

If report in today's Australian is correct, wouldn't these lawyers, advisers and ex employee/director be breaching conflict of interest laws?

"Interestingly, QGC is using the team who were advising the previous Sydney Gas board - Paul Binstead of merchant bank Lazards and Tony Hartnell and Jeremy Kriewaldt of law firm Atanaskovic Hartnell. It is also using Andrew Purcell, who quit as Sydney Gas chief executive when the board walked, as a consultant. "

Does ASIC police this sort of thing?

I own SGL shares