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Melbourne firm UGC enters liquidation

The Australian Securities and Investments Commission (ASIC) said creditors have resolved to wind-up UGC and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was cancelled on 31 July, and the Administrative Appeals Tribunal (AAT) dismissed that application. An…

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Financial Markets Authority pushing for release of interim liquidation report into investment firm Chance Voight

The FMA said it intends to ask the court to schedule a hearing at the earliest convenient date after April 20 to determine its liquidation application. The six entities in interim liquidation are: Chance Voight Investment Corporation Limited Chance Voight Investment Partners Limited CVI Partners Mortgage Fund Limited CVI Partners Mortgage Income Fund Limited CVI…

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