ASIC secures winding up order for AI software firm Semantic Software Asia Pacific
Now-defunct Australian artificial intelligence software company Semantic Software Asia-Pacific is set to be wound up following a court decision. The Australian Securities and Investments Commission (ASIC) announced it secured the winding up order from the New South Wales Supreme Court last week, ruling that Semantic should be wound up on just and equitable grounds and that liquidators would be appointed. The order came following a court decision made on 28 June to preserve Semantic’s assets and prevent the company, director Duncan Mount and former director Mark Bradley from receiving or sol...
Source: crn.com.au