Overall, the CALDB found in favour of 20, out of 25, of ASIC's contentions.
ASIC Senior Executive Leader, Insolvency Practitioners, Adrian Brown said, CALDB found that Mr Fiorentino failed to properly investigate ERB s affairs where CALDB described pre-appointment dealings as a phoenix transaction.
During the course of the CALDB proceedings, Mr Fiorentino made a number of unsuccessful applications to the Administrative Appeals Tribunal (T), the Federal Court of Australia and the Supreme Court of New South Wales.
ASIC cancelling the registration of Sydney liquidator, Mark Darren Levi from the industry, following an adverse decision by the CALDB
Two confidential matters referred to the CALDB regarding practitioners alleged misconduct