More than 3 years after the Cole Inquiry report into AWB’s activities in the UN Oil for Food Program was published, ASIC civil proceedings against the former AWB CEO are still not resolved.
The latest decision in Re AWB Ltd (No 10)  VSC 566 recaps the ASIC actions against Lindberg and the various rulings against ASIC.
UPDATE 17 December 2009: ASIC to appeal permanent stay of its second civil penalty case
UPDATE 20 February 2010: ASIC successfully appeals permanent stay
Australian Securities and Investments Commission v Lindberg (No 2)  VSCA 19