JUDGMENT DEBTS AGAINST DEFONE GLOBAL
INVESTMENTS LIMITED
BY ORDER OF THE HIGH COURT OF NEW
ZEALAND AND
THE FEDERAL COURT OF AUSTRALIA

thumbnail of NOTICE OF FILING
thumbnail of SEALED JUDGMENT OF JUSTICE EDWARDS

Brickhill Capital (NZ) Limited (“Brickhill”) has obtained debt judgments against Defone Global Investments Limited (“Defone Global”) in the High Court of New Zealand and subsequently in the Federal Court of Australia.

These judgment debts – which exceed US$6.9 million plus legal costs – remain unpaid.

We have reason to believe that Defone Global is a company associated with the Australian Securities and Investments Commission (“ASIC”) registered entity Vanguard Global Investments Pty Ltd (formerly Defone Global Investments Pty Ltd) in Australia.

The Australian Corporate Regulator, ASIC, are being advised of progress in this matter.

Request For Information From The Public:

Brickhill is seeking information about the location of any assets of Defone Global, and the whereabouts of its principal, Mr Michael Chen.

Brickhill also seeks information about Defone Global’s relationship with:

  • http://www.dgifx.com/index; and

  • Vanguard Global Investments Pty Limited, operating out of Perth, Western Australia.  (Until recently, Vanguard Global Investments Pty Limited was called Defone Global Investments Pty Limited.)

Any persons with information are requested to contact Brickhill’s Australian legal counsel, Beau Deleuil and Elan Sasson of Quinn Emanuel Urquhart & Sullivan.

Further Background:

On 9 March 2017, the Honourable Justice Edwards of the High Court of New Zealand delivered judgment in proceedings against Defone Global Investments Limited, ordering the payment of USD6,903,207.50 and NZD99,729.73 to Brickhill Capital (NZ) Limited.  The Judgment Debt continues to accrue interest.

Despite the opportunities extended to it, Defone Global failed to make payment as due and payable pursuant to the judgment.  As a result, on 16 May 2017 Brickhill registered the New Zealand High Court judgment in the Federal Court of Australia, in order to enforce its legal rights.