This assignment examines the legal case ASIC v Australian Property Custodian Holdings Limited (NO 3)[2013]FCA 1342. It analyzes how five former directors breached their duties outlined in the Corporations Act 2001, including conflicts of interest and failing to exercise due care. The assignment discusses the court's findings regarding breaches of sections 601FC, 601FD, 208, and 209, leading to penalties and disqualification orders against the directors involved.