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Court orders preventing the Westpoint-linked group Kebbel and its sole director, Neil Burnard, from disposing of assets or leaving the country had been extended once again, ASIC said yesterday.
Court orders preventing the Westpoint-linked group Kebbel and its sole director, Neil Burnard, from disposing of assets or leaving the country had been extended once again, ASIC said yesterday.
The Supreme Court extended orders for Neil Burnard and Palentia (formerly known as Kebbel (NSW)) preventing them from disposing of assets until 5pm, January 29, 2007.
The court had previously ruled Burnard and Palentia could not dispose of any assets until 5pm on October 23 - the date the case resumed in court.
Under the new orders, Burnard and Palentia will still be permitted to pay certain expenses, including ordinary living and operating expenses, school fees, legal fees, and payments servicing loan facilities with "arms length" financial institutions.
Burnard has also been retrained from leaving Australia and from coming within 100 metres of an Australian point of overseas departure.
He had previously surrendered his passport to the court, and he continues to be disallowed from applying for a new passport.
The matter will return to court on January 29, 2007, at 10am.
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