Directors disqualified for engaging in illegal phoenix activity

ASIC has adopted a practice of issuing combined media releases about administrative action. There is no relationship between the matters or the subjects in this media release, except that ASIC has taken administrative action.

Disqualification of Andrew Yiasemides

ASIC has disqualified Mr Andrew Yiasemides of West Gosford, New South Wales, from managing corporations for five years.

Mr Yiasemides was disqualified for his role in the failure of five companies:

  • Bon Bon Strand Pty Limited A.C.N. 150 893 691 (Bon Bon Strand);
  • Bon Bon Investments Pty Limited A.C.N. 135 620 665 (Bon Bon Investments);
  • Limar International Pty Limited A.C.N. 137 191 158 (Limar International);
  • Bon Fleur Australia Pty Limited A.C.N. 126 090 284; and
  • Danhold Pty Limited A.C.N.
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