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Unlicensed fund manager ordered into liquidation

PE Capital has been ordered into liquidation for operating without an AFS licence. PE Capital Funds Management has been ordered into liquidation after the Federal Court found the firm had operated man
Justice Cheeseman Jon Bragg Pe Capital Property Development Opportunities Fund Pe Capital Asia Wholesale Opportunities Fund Pe Capital Asia Wholesale Diversified Income Fund Pe Capital Commercial Property Income Fund
Source: ifa.com.au

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The Devas Saga: Another Twist And The Ghost Of A Past BIT Case

Devas’ principal claim now is that India has unlawfully expropriated its investment through the liquidation of Devas and its takeover by the liquidator, which, in turn, has not allowed the enforcement of the ICC award, which is Devas’ largest asset. India, on its part, can mount an argument of ‘illegality’ to challenge the jurisdiction of a BIT arbitration tribunal. To fortify its case, India should also strive to expeditiously complete its ongoing criminal investigations into the matte...
Bloomberg Quint Quintillion Media Investment Treaty Supreme Court

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