Australia, March 11 -- New South Wales Land and Environment Court issued text of the following judgement on Feb. 10:
1. This judgment deals with the question of penalty arising from my decision in CLGC Pty Ltd v Zhang (No 2) [2024] NSWSC 610 (Judgment) in which I concluded that first defendant, Mr Ronglai (Martin) Zhang (Mr Zhang) was guilty of criminal contempt by (1) authorising payments of $900,000 from a bank account in the name of the fifth defendant, SEP Asset Management Pty Ltd (SEPAM), on 9, 11 and 13 November 2020 in breach of freezing orders made by this Court on 11 July 2018 (Contempt 1), and (2) using the proceeds of sale of a property referred to in the Judgment as the 'Northbridge property' otherwise than in accordance with t...