Allan Endresz claims ALBURY businessman Allan Endresz is claiming a major victory in his long running legal battle ray ban wayfarer frames against the federal government.
The Federal Court yesterday set aside bankruptcy orders against Mr Endresz, his parents Jozsef and Dawn and business partner Bill Forge, just hours before a directions' hearing which they feared would have crushed their 16 year fight. Three judges unanimously agreed an appeal by Mr Endresz and co against a $70 million compensation claim which had been launched by the government could proceed. In scenes reminiscent to the Australian movie The Castle, Mr Endresz and Mr Forge represented themselves in the Federal Court earlier this month in what could be an Australian first. The case could be in its final stages, with Mr Endresz plotting a two ray ban sunglasses 2016 models pronged attack in the ACT Supreme Court of Appeal or the High Court to secure $4.3 billion in taxpayers' money. Late last year, the ACT Supreme Court seemingly ended the legal saga when it ordered ray ban 2027 Mr Endresz and co to pay the federal government compensation, including $70 million, property and assets. Mr Endresz, his parents and Mr Forge had been bankrupted in July last year and the November decision meant they could have lost their homes. But an appeal against the Australian Securities and Investments Commission was launched and the matter went to the Federal Court. A directions' hearing on the appeal was due ray ban sunglasses cheap to be held yesterday afternoon. But the Federal Court order of judges Edmonds, Gordon and Beach was issued earlier in the day, with reasons to be published at a later date. "This was a crucial day today," Mr Endresz said yesterday. "We just needed the ability to get on the attack and we've got that now. He successfully defended himself against the charges and argued government negligence caused the transaction. In response, Mr Endresz lodged a $4.3 billion counter claim about earning capacity he thought he forfeited when prevented from introducing a capital raising plan to financial markets.
The highly complex case was heard in the ACT Supreme Court in 2008. Justice Richard Refshauge took five years to strike out the billion dollar claim by Mr Endresz by finding the original $8.725 million payment had been void and illegal.
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