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===Legal issues=== In January 2002, Valance dismissed her then-manager [[Scott Michaelson]] by telephone, 15 months before his contract was due to expire. In 2003, Michaelson's company sued Valance's company for breach of contract, won the case and was awarded damages by the [[Supreme Court of New South Wales]].<ref name=supreme1>[http://www.austlii.edu.au/au/cases/nsw/supreme_ct/2003/874.html Biscayne Partners Pty Ltd v Valance Corp Pty Ltd & Ors (2003) NSWSC 874], ''NSW Supreme Court'', 3 October 2003; retrieved 10 September 2006.</ref><ref name=supreme2>[http://www.lawlink.nsw.gov.au/scjudgments/2003nswsc.nsf/27602436db586906ca256983001e137a/4e21f1efc2380c48ca256daa00052b39?OpenDocument Biscayne Partners Pty Ltd v Valance Corp Pty Ltd & Ors (2003) NSWSC 874] {{Webarchive|url=https://web.archive.org/web/20140908045757/http://www.lawlink.nsw.gov.au/scjudgments/2003nswsc.nsf/27602436db586906ca256983001e137a/4e21f1efc2380c48ca256daa00052b39?OpenDocument |date=8 September 2014 }}. ''NSW Supreme Court'', 3 October 2003. Retrieved on 10 September 2006.</ref> During the trial, Valance's mother said Michaelson had been negligent as a manager, which forced her to take over from him.<ref>{{cite web |title=Manager 'helped me become a star': Valance |url=https://www.theage.com.au/entertainment/celebrity/manager-helped-me-become-a-star-valance-20030918-gdwd56.html |website=The Age |access-date=May 24, 2022 |date=September 18, 2003}}</ref> The former ''Neighbours'' cast member [[Kym Valentine]] also gave evidence that Valance "said she was feeling bad, a bit stressed out, because she was leaving Scott" and that "she said the solicitors for her record company would get her out of the contract and would be faxing him the paper work (from the UK) to do so."<ref>{{cite web |title=Not such good neighbours any more |url=https://www.theage.com.au/entertainment/celebrity/not-such-good-neighbours-any-more-20030915-gdwchj.html |website=The Age |access-date=24 May 2022 |date=15 September 2003}}</ref> In court, Valance denied that she had said this to Valentine, even though she had signed an [[affidavit]] stating she had no recollection of the conversation.<ref>{{cite web |title=Naked truth comes out in Holly's evidence |url=https://www.theage.com.au/entertainment/celebrity/naked-truth-comes-out-in-hollys-evidence-20030920-gdwdhj.html |website=The Age |access-date=25 May 2022 |date=20 September 2003}}</ref><ref>{{cite web |title=HollyWorld faces the real music |url=https://www.smh.com.au/entertainment/music/hollyworld-faces-the-real-music-20031004-gdhiuy.html |website=The Sydney Morning Herald |access-date=25 May 2022 |date=4 October 2003}}</ref> Justice Clifford Einstein declared that Valence's company had shown *a calculated disregard of the rights of [Michaelson's company] Biscayne as well as a cynical pursuit of benefit".<ref name=supreme1 /> The court ordered Valance's company to pay Michaelson's company $350,000 including $47,264.56 "from shares Ms Valance and Mr Michaelson had bought together on the [[London Stock Exchange]]",:<ref>{{cite web |title=Holly takes a hit |url=https://www.theage.com.au/entertainment/celebrity/holly-takes-a-hit-20031107-gdwoxe.html |website=The Age |access-date=24 May 2022 |date=7 November 2003}}</ref> Michaelson's application for a percentage of profits from sales of her album ''State of Mind'' was denied.<ref name=supreme1 /><ref name=supreme3>[http://www.lawlink.nsw.gov.au/scjudgments/2003nswsc.nsf/27602436db586906ca256983001e137a/679755a97c84fedbca256dd400771e0f?OpenDocument Biscayne Partners Pty Ltd v Valance Corp Pty Ltd & Ors (2003) NSWSC 1016] {{Webarchive|url=https://web.archive.org/web/20140908045607/http://www.lawlink.nsw.gov.au/scjudgments/2003nswsc.nsf/27602436db586906ca256983001e137a/679755a97c84fedbca256dd400771e0f?OpenDocument |date=8 September 2014 }}. ''NSW Supreme Court'', 6 November 2003. Retrieved on 10 September 2006.</ref>
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