Sydney City School Of Law parent company Top Education Group Ltd share price drops to record low of HK0.073 - Graduates, students, investors paying the price of reliance on the judgement of the former CJ NSW Tom Bathurst, and his NSW Legal Profession Admission Board

 by Ganesh Sahathevan 

These are not a beautiful set of numbers. 

This is an ongoing problem that goes to the heart of regulation of the legal industry in New South Wales and by extension, Australia. 

Andrew Bell is the new  Chief Justice NSW and Chairman NSW LPAB. He should have been promoted  a year ago, at least to an acting position, so that the then  NSW LPAB Chairman and Chief Justice Tom Bathurst's conduct and that of his NSW LPAB in the matter of their business dealings with Top Education Group Ltd, and its scandal ridden founder and major shareholder Zhu Minshen could have been properly investigated. 

Those issues have since worsened. Top Education Group's share price keeps falling, and has now sunk to a new low of HK 0.073.

TO BE READ WITH 

Friday, March 19, 2021

Top Group's share price sinks to new low, taking with it the NSW LPAB & its chairman Tom Bathurst's standing as guardians of the NSW legal profession : Bathurst should stand down as chief justice, submit himself and his NSW LPAB to investigation; time overdue for Andrew Bell to be appointed Acting Chief Justice NSW

 by Ganesh Sahathevan

This story below was published on a related blog yesterday:

Zhu Minshen's Top Education Group sinks to new low of HK 0.22 cents: Top will not comment on suspension of law school enrolments because it might be price sensitive'

Meanwhile, the regulator responsible for granting the law school its right to issue law degrees, the NSW Legal Profession Admission Board (NSW LPAB) and all others who oversee it have chosen to remain silent about these issues which are very much in the public domain:

Top Group(1752:HK) IPO investors entitled to answers from the NSW LPAB & NSW AG Mark Speakman -Suspension of Top Group law school enrolments raises questions about the value of the IPO which relied on NSW LPAB & Speakman's granting Top Group its license to issue law degrees

The issuance of that license to award  law degrees, and the IPO that followed would have raised red flags from Sydney to Hong Kong, but not it seems for Bathurst and his NSW LPAB officers, who renewed the license just before enrolments were suspended, and despite other issues: 

Zhu Minshen announces that NSW LPAB review "went smoothly": AG NSW Mark Speakman and officers unconcerned by Clive Hamilton's disclosures of threats, intimidation and defiance of AFP directives ,share price collapse

For all of the above  reasons and more Mr Bathurst needs to stand down as Chief Justice of NSW and submit himself and his team at the NSW LPAB to investigation. The President Of the Court Of Appeal, Andrew Bell, can be appointed as Acting Chief Justice:

NSW LPAB has a new Executive Officer: Three EOs in under two years suggest even more audit red flags and more reasons why LPAB Chair Tom Bathurst should step down as chair, and as chief justice


As Chief Justice Tom Bathurst has been intent on pursuing a social and political agenda. In doing so he has walked into a matter of national security.In doing so he seems to have neglected his actual duties.

- March 19, 2021