Peer-to-peer software provider Sharman Networks' chief executive officer has handed over an affidavit of assets following an order from the Federal Court yesterday.
Record companies have started contempt proceedings against Sharman Networks over the company's failure to meet a Federal Court deadline to comply with an assets disclosure order.
Senior executives of companies involved in music industry court action over the controversial Kazaa software have agreed to freeze their personal assets until seven days after judgement is handed down.
Executives associated with peer to peer software Web site Kazaa have agreed not to move, dispose of or disperse their private assets following a request made by record companies to the Federal Court on Friday.
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