The Federal Court of Australia has reserved any decisions on the future of giant shrimp farming plan Project Sea Dragon (PSD) until such time as the appeal lodged by parent company Seafarms Group is heard and determined.
As such, a judgment to put PSD into liquidation, passed in February 2024, remains stayed. Seafarms states PSD is solvent as it is paying its debts as and when they fall due and continues its business as usual [...]
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