NEW SOUTH WALES COURT ISSUES JUDGEMENT FOR DESMOND WEI LIANG TENG IN HIS CAPACITY AS RECEIVER AND MANAGER OF LOVE D&V XOXO V/S DANIELLE VLAHOS, ET AL. CASE

Australia, April 19 -- New South Wales Land and Environment Court issued text of the following judgement March 19:

1. These three related proceedings arise following the breakdown of the relationship between the two directors and equal shareholders of Love D & V XOXO Pty Ltd (the Company), Ms Danielle Vlahos and Ms Vicki Vlahos. For convenience only, and without intending any disrespect, I will refer to each by her first name.

2. Danielle and Vicki are first cousins. They established the Company, which operated a retail business in women's fashion, primarily through the brands "Portia and Scarlett" and "The Dollhouse XOXO". The Company distributed and sold those items in Australia and the United States.

3. Danielle and Vicki are also the...