High Court irons out Perpetual Trust concerns over observers

By Paul McBeth
July 27 (BusinessDesk) - The High Court has ironed out any confusion over the role of two court-appointed observers to funds caught up in related-party loans with the Pyne Gould Corp-managed Torchlight fund after Perpetual Trust sought an urgent hearing.
Perpetual raised concerns the court-appointed observers, Vivian Fatupaito and Christopher Duffy of WHK, had "inadvertently" overstepped their powers, Judge Paul Heath said in a July 24 judgment.
The judge clarified their role in overseeing the activities of the Perpetual cas...
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