I think the public trustee has a very strong case from an article that i read a couple of weeks ago.
From what i recall the action involves two allegations. The first is similar to the action of challenger - sale of stella significantly changed the business.
The second allegation was basically a term that if any other action or similar was commenced....then that was considered a default.
When I read the article I felt that that seemed a very strict term.........the article I thought suggested there did not even have to be a judgment.
Im guessing that in the the worst case scenario a decision will be reserved until after the return date in August.
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