One.Tel directors win ASIC discovery costs.

Australasian Business Intelligence, April, 2003

Apr 11, 2003 (The Sydney Morning Herald - ABIX via COMTEX)

Former directors of the failed Australian telecommunications company, One.Tel, have won costs for expenses incurred in accessing documents. The Supreme Court of New South Wales awarded the costs after the directors had sought access to documents held by the Australian Securities & Investments Commission (ASIC), Publishing & Broadcasting, and a law firm, Minter Ellison. ASIC had denied the directors access. The directors wanted ASIC to produce its communications with Minter Ellison, and issued a subpoena to that effect. One One.Tel director, Jodee Rich, said had it not been for the "attitude of resistance" by ASIC, the subpoena, and subsequent court costs, would have been unnecessary.

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