The Gribbles Group Limited

On 16 and 21 July 2004, the Panel issued media releases concerning an application by ASIC in relation to the affairs of The Gribbles Group Limited. The Panel was not required to make a decision in relation to the application as it consented to the application being withdrawn.

The Gribbles Group Limited - Panel Consents to Withdrawal of Application by ASIC

The Panel has consented to the withdrawal of the application (the Application) from the Australian Securities and Investments Commission (ASIC) dated 9 July 2004 alleging unacceptable circumstances in relation to the affairs of The Gribbles Group Limited (Gribbles).

The Application related to the alleged failure by parties associated with EC Medical Investments NV (ECMI) to comply with the tracing and substantial holding provisions of the Corporations Act (2001) (Cth).