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Termination of MyWealth business rescues now subject to court scrutiny – Moonstone Information Refinery
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Termination of MyWealth business rescues now subject to court scrutiny – Moonstone Information Refinery
The collapse of business rescue proceedings involving parts of the MyWealth group has led to litigation over control of the affected entities, the termination of the rescues, and the potential recovery of investor funds. What began in mid-2024 as an attempt to stabilise financially distressed entities has since resulted in the termination of multiple business rescue processes, disputes between directors and parties described in court papers as a…
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