This began a series of forwards and backwards involving Ivan and Hitachi, outlined in its petition, where Hitachi needed to work out its lawful legal rights as proprietors of Fusionex and with Ivan and his leadership group supplying various explanations to obstruct this, Main of which was a purported ‘federal government directive’ that prevente
The winding up petition against the Fusionex Team of businesses are still pending ahead of the court docket and With all the Court docket Listening to the petition in May well 2024.Recognising the necessity to assistance regional SMEs resulting from greater Competitiveness, shifting market place demands and international trade complexities, the
As outlined by its winding up petition, Hitachi explained it had been alerted by Ivan in Sept 2023 that the corporate experienced endured a pointy fall in profits accompanied by a shocking revelation from Ivan at a gathering on 27 Oct 2023 that it would wish to chop charges, which includes fast retrenchments, devoid of which it will not be capable