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Apple freezes Buzzle director's assets

Apple freezes Buzzle director's assets

The Buzzle saga continues in the New South Wales Supreme Court with Justice Einstein granting a Mareva injunction against one of the former directors of the Apple reseller group, Donald Hartono.

The injunction is part of ongoing proceedings between Apple Computer Australia and the 13 parties alleged to have guaranteed the debt of Buzzle Operations. It prevents Hartono from moving his assets for the duration of the case, allowing Apple to recover some of the $10 million owed by the group should the court rule in the vendor's favour.

A Mareva injunction is regarded as a somewhat drastic remedy within the Court, and is only granted if there is evidence that assets may be removed beyond the control of the court on the day of judgement.

The assets concern a property in Sydney's Crows Nest. Hartono and his father, Tjipto Hartono, who is also listed as a defendant in the Buzzle case, owned a significant part of the property. The court heard how Apple's solicitors had contacted Hartono's lawyers about the sale, concerned that Donald Hartono was attempting to liquidate and dispose of his assets.

"To my mind, the evidence clearly permits the court to infer that there is reason to believe that Mr Hartono has assets and may take steps designed to ensure they are no longer available," Justice Eintstein said in his judgement.

For the full story, read this week's ARN, out now.


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