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Asset Transfers

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Christian Brothers push asset shield to stall hundreds of abuse-case payouts
world13 days ago

Christian Brothers push asset shield to stall hundreds of abuse-case payouts

Australian abuse survivors face further delays as the Christian Brothers seek a moratorium on civil cases and a scheme to divide sale proceeds, claiming insolvency; assets have been transferred to Edmund Rice Education Australia for $1, which EREA says will not be used to compensate survivors, while lawyers scrutinize the transfers and a liquidation could follow if the moratorium is denied.