In the matter of Idylic Solutions Pty Ltd - Australian Securities Investments Commission v David John Hobbs [2013] NSWSC 950

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Idylic Solutions Pty Ltd - Australian Securities Investments Commission v David John Hobbs [2013] NSWSC 950 Hearing dates: 15 & 16 July 2013 Decision date: 16 July 2013 Jurisdiction: Equity Division - Corporations List Before: Hammerschlag J Decision: Orders and directions made approving settlement and distribution Catchwords: CORPORATIONS - Corporations Act 2001 s 601EE(2) - unregistered managed investment schemes - liquidator seeks approval to make distributions to investors in accordance with a settlement reached Legislation Cited: Corporations Act 2001 (Cth) Category: Principal judgment Parties: Australian Securities and Investments Commission - Plaintiff David John Hobbs - First Defendant Min Hua Li - Second Defendant David John Collard - Third Defendant Huimin Wu - Fourth Defendant Con Koutsoukos - Fifth Defendant Brian John Wood - Sixth Defendant Jimmy Truong - Seventh Defendant Jacqueline Hobbs - Eighth Defendant Idylic Solutions Pty Ltd ACN 121 960 754 - Ninth Defendant 888 Management Inc - Tenth Defendant Geneva Financial Ltd - Eleventh Defendant Barclaywest Ltd - Twelfth Defendant Preserved Investment Group Ltd - Thirteenth Defendant North Wave Ltd - Fourteenth Defendant G P Global Ltd - Fifteenth Defendant Representation: Counsel: D. Funston (Solicitor) - Applicant Solicitors: Norton Rose Fulbright Australia - Applicant File Number(s): 2007/258119