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Equititrust?

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The issue of fraud and how it related to professional indemnity, cover was exemplified 2 and a half years ago... This is ultimately a battle Tucker and Cowen will lose dismally...

No Trust said:
There may be a problem with the :

Limitation of Liability Scheme

The Limitation of Liability Scheme (Scheme) is a statutory scheme, enforced by the courts, that caps the amount of damages that can be awarded against your practice. Professional Indemnity Insurance pays the claim while the Scheme caps the amount of damages that can be awarded.

To participate in the Scheme you must be a full member of QLS, hold a current Australian practising certificate, and have the benefit of the applicable insurance. Further, to gain the full benefit of the cap, all solicitors within a firm would have to be members of both the QLS and the Scheme.

Liability Caps
The Scheme provides a liability cap which is exclusive of defence costs, but aims to cap damages as follows:

  • $1.5 million - for participating members are in a law practice consisting of up to and including 20 principals where the law practice generates an income for the financial year of up to and including $10 million
  • $10 million - for
    • participating members who are in a law practice consisting of greater than 20 principals; or
    • participating members are in a law practice where the law practice generates an income for the financial year greater than $10 million
  • higher cap - subject to approval from QLS for
    • all cases; or
    • in any specified class or case
Members of the Scheme are strongly encouraged to consider their need for top up insurance to ensure that defence costs are met.

Exclusions
There are a few exclusions to which the Scheme does not apply, being:

  • ILP’s as corporate entities
  • Personal injury claims
  • Fraud, dishonesty, breach of trust
  • Part 9, division 2, subdivision C of the Land Title Act 1994 (claims under the Queensland State Government Fidelity Fund for title fraud)
http://www.qls.com.au/Becoming_a_me...ional_benefits/Limitation_of_Liability_Scheme
Click to expand...
 
I would not be at all surprised, if Stephen Russell applies to the Supreme Court of Queensland for preservation orders, against the assets held in trust by Tucker and his wife Jennifer, in the first quarter of 2021 ?... Thats what’s swirling amongst those in the know... Mareva Injunctions can be a total c#nt... Tucker knows that all too well... It’s called karma b#tch - you reap what you sow... ???
 
So it appears that the country of choice to set up dodgy companies, to receive and dissipate, ill gotten gains was Hong Kong...
It also appears, that this was where the barristers for Stephen Russell found that Tucker was weak in the underbelly... When questioned where the money went after Hong Kong ??, Tucker conveniently couldn’t remember where approx $2.7M went after that...

And fast forward to now, he now wants his insurers to take responsibility for fleecing the investors of the Equititrust Premium Fund... Ahhhhh GOOD LUCK with that “Davey Boy” ???
 
Delusional "Dumb-Davey-Boy" will face intense questioning in the witness box at his upcoming trial... This time he has no escape and will have to reveal all, about "where the money went" and trust assets,beneficially held by himself and accomplice wifey Jennifer...

Maybe good ol' Jen could provide hubby in strife some "Grief counselling" and charge it back to one of the companies in Hong Kong or the British Virgin Islands...
Just an idea Jen, could make a great last minute Christmas Gift to shove in "Davey Boy's" sock...
 
From Page 262 here

Hmmm... Kennedy and Howard seem to be going just fine.....

-----------------------------

Dec 31, 2019


So it seems, between Tucker, Kennedy and Howard.... The more $$$ you lose or steal from Investors etc... the better you go...

Between MFS / Equititrust / MS ASIA and others... these Public Company Directors and Lawyers have been involved in the loss of AUD $ Billions that I know of....

I also know of other similar Criminal Frauds, involving Tucker and his Clients & Friends over the span of decades.

Happy NYE 2019 !!!

See Below :

www.ibi.com.hk
IBI Group Holdings Limited

https://www.marketscreener.com/news...nd-Composition-of-Board-Committees--28836246/

IBI : Change of Independent Non-executive Director and Composition of Board Committees

07/01/2019 | 07:03am EST
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

IBI Group Holdings Limited - (Hong Kong)
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 1547)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND
COMPOSITION OF BOARD COMMITTEES
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the ''Board'') of directors (the ''Directors'') of IBI Group Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') hereby announces that Mr. Lap Shek Eddie Wong (''Mr. Wong'') has resigned .......

Taking this opportunity, the Board would like to express its appreciation and gratitude to Mr. Wong for his contributions and services to the Company during his terms of services.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board further announces that Mr. David John Kennedy (''Mr. Kennedy'') has been appointed as an independent non-executive Director, the Chairman of the Audit Committee, a Member of the Remuneration Committee and a Member of the Nomination Committee with effect from 30 June 2019.

- 1 -

Mr. Kennedy, aged 50, has been the chief financial officer and the chief operating officer of M.S. Asia Group since 2012.

He was the chief operating officer and the chief executive officer of Equititrust Limited (''ETL'') between 2009 and 2011

The chief operating officer of Octaviar Limited (formerly known as MFS Limited) between 2007 and 2008,

......a senior manager, a partner and the chief operating officer of RSM Hong Kong between 1997 and 2005, and a part-time lecturer in bankruptcy of Griffith University in Australia between 1995 and 1996. He also worked for KPMG between 1988 and 1996 with his last position being a manager.

Creditors voluntary liquidators were appointed to ETL, a company incorporated in Australia, on 20 April 2012 at a meeting of creditors. ETL was principally engaged in Funds Management and specifically the provision of development loans to developers. The directors of ETL commenced the liquidation process with a view to restructuring the funds which were being negatively impacted by the global financial crisis. The total external liabilities (excluding guarantee and related party debts) of ETL totaled approximately HK$150,000. Assets realised by the liquidators totaled in excess of HK$18 million. ETL has not been dissolved as of the date of this announcement.

Mr. Kennedy obtained a degree of Master of Laws, a Bachelor's Degree in Laws and a Bachelor's Degree in Business Accounting from Queensland University of Technology in 2009, 2003 and 1989, respectively. He has been admitted as a solicitor in Hong Kong since 2018, a solicitor in Queensland, Australia since 2006 and a member of the Institute of Chartered Accountants in Australia (currently known as Chartered Accountants Australia and New Zealand) since 1994.

Mr. Kennedy has not previously entered into any service agreement with the Company. He will enter into a service agreement with the Company and will be subject to retirement by rotation and re-election at general meeting in accordance with the Articles of Association of the Company. Mr. Kennedy will be entitled to directors' remuneration of HK$240,000 per annum which has been determined by the Board upon recommendation from the Remuneration Committee with reference to his duties and experience and the prevailing marketing conditions.

As at the date of this announcement, Mr. Kennedy has family interest in 7,960,000 shares of the Company, representing approximately 0.995% of the total issued share capital of the Company.

Save as disclosed above, as at the date of this announcement, Mr. Kennedy did not have any interests in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), and Mr. Kennedy had no relationships with any Directors, senior management or substantial or controlling shareholders (as defined under the Rules Governing the Listing of Securities on the Stock Exchange (the ''Listing Rules'')) of the Company.

- 2 -

Save as disclosed above, Mr. Kennedy did not hold any other position in the Company or any other member of the Group, nor any directorship in any listed public companies in the last three years, and there is no information that is required to be disclosed in accordance with Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, nor any other matters that need to be brought to the attention of the Shareholders in relation to his appointment as an independent non-executive Director.

The Board would like to take this opportunity to welcome Mr. Kennedy to the Board.

CHANGE OF COMPOSITION OF BOARD COMMITTEES

The Board announces that the composition of the committees of the Board have been changed with effect from 30 June 2019 as follows:

Audit Committee


    • Mr. Wong has resigned as the chairman and member of the Audit Committee; and
    • Mr. Kennedy has been appointed as the chairman and member of the Audit Committee.
Nomination Committee


    • Mr. Wong has resigned as a member of the Nomination Committee; and
    • Mr. Kennedy has been appointed as a member of the Nomination Committee.
Remuneration Committee


    • Mr. Wong has resigned as a member of the Remuneration Committee; and
    • Mr. Kennedy has been appointed as a member of the Remuneration Committee.
By order of the Board
IBI Group Holdings Limited

Neil David Howard
Chairman
Hong Kong, 30 June 2019

As at the date of this announcement, the executive Directors are Mr. Neil David Howard and Mr. Steven Paul Smithers; and the independent non-executive Directors are Mr. Richard Gareth Williams, Mr. Robert Peter Andrews and Mr. David John Kennedy.

- 3 -

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Disclaimer

Ibi Group Holdings Ltd. published this content on 01 July 2019 and is solely responsible for the information contained therein.
Distributed by Public, unedited and unaltered, on 01 July 2019 11:02:09 UTC
 
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Yes No Trust, EXACTLY !!!

From Page 264 here.

You just can't make this sh#te up.....

https://www.brisbanegriefcounsellor.com/

https://www.facebook.com/Jennifer-Tucker-Brisbane-Grief-Counsellor-738926849834356/

Screenshot from 2020-12-24 17-42-31.png

Screenshot from 2020-12-24 17-17-38.png

Screenshot from 2020-12-24 17-12-54.png

---------------

No Trust said:
Delusional "Dumb-Davey-Boy" will face intense questioning in the witness box at his upcoming trial... This time he has no escape and will have to reveal all, about "where the money went" and trust assets,beneficially held by himself and accomplice wifey Jennifer...

Maybe good ol' Jen could provide hubby in strife some "Grief counselling" and charge it back to one of the companies in Hong Kong or the British Virgin Islands...
Just an idea Jen, could make a great last minute Christmas Gift to shove in "Davey Boy's" sock...
Click to expand...
 

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