Lower than a fortnight after Odeum’s collapse, Matera claims he issued a discover of election to accumulate Odeum’s shares within the three way partnership as permitted beneath the deal.
Matera alleged the discover kicked off 10 days of negotiations between Abundance’s board members, who did not agree on the appointment of an unbiased valuer.
He appealed to the top of Chartered Accountants Australia to intervene, however the physique suggested it not nominated unbiased consultants to patch up contractual rows.
He claimed the liquidators of Odeum agreed to log out on a contract variation that might permit for one more authority to be appointed on February 2, however had since did not formally approve the transfer.
Final week Matera took to the court docket searching for to compel Odeum’s liquidators to behave, requesting the court docket supply its backing to nominate a brand new unbiased share valuer.
Because the dispute course of was ongoing, Matera stated he was unable to remark.
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