It is a law company law assignment. Word count is between 1000 to 1200 strictly. Harvard referencing required at least 4. All the instructions are given below in the picture.

Case Law Summary: ASIC Vs Vizard
Summary of the facts
The media release of the famous case concerning Vizard and ASIC (Australian Securities and Investments Commission) gained immense attention in the last few years. The share trades and corporate collapses raised question on actions of one individual named Steve Vizard. The background finding of this controversial case is rooted in the incorporation of Creative Technology Investments Pty Ltd in 1999 which is providing accounting services to Steve Vizard and his company named Brigham Pty Ltd. A loan agreement was formed between Brigham Pty Ltd and CTI for providing advance funds to CTI for the purpose of share purchases, and, splitting profits from share trading as 90% to Brigham Pty Ltd and 10% to CTI (Steve Vizard, Insider Trading and Directors’ Duties, 2005).
Steve Vizard provided $1 million to Brigham Pty Ltd and then to CTI for trading in shares of three companies, which become subject of court proceedings for ASIC and it announced civil penalty proceedings against Steve Vizard in July 2005. The allegations made by ASIC stated that Steve Vizard breached his director’s duties at Telestra Corporation Ltd. He was found as improperly using information available to him as company’s director for gaining personal advantage and benefits from it. The investigation made by ASIC found that Vizard has improperly used confidential information of Telstra Corporation Ltd while trading in the shares of three famous listed public companies named Sausage Software Ltd, Computershare Ltd and Keycorp Ltd (Vizard out for 10, fined $390,000, 2005).
The media release filed in the court in July 2005 stated that ASIC has submitted detailed Statement of Agreed Facts to the Federal Court where it is agreed by Vizard that it is appropriate and right for the court to declare that he violated his director’s duties. Vizard also agreed and accepted pecuniary penalties and disqualification orders imposed on him on account of his contravention of duties as Telstra’s director. Also, there are some other facts presented before the court alleging that Vizard is also involved in insider trading. But, he has only been alleged with the charges of civil breaches of his director’s duties at Telestra. There are several other allegations also raised on Vizard, but those allegations were not treated with...