ASIC seeks $36M penalty against AMP unit in insurance churn case

Financial Services June 19, 2019 5:13 pm By Miklos Bolza

The Australian Securities and Investments Commission has asked a court to impose penalties of up to $36 million on an AMP subsidiary for failing to take reasonable steps to stop its representatives from churning life insurance policies.

Mystery woman emerges as potential source of ‘industrial espionage’ against Motorola
Intellectual Property June 19, 2019 9:05 pm By Amelia Birnie

The potential source of alleged “industrial espionage” in Motorola’s case against Hytera over the intellectual property for its digital radio mobile devices has been revealed as a mystery woman with two laptops that contained a “very large number of Motorola documents”, a court has heard.

Ex-HWL Ebsworth lawyer admitted errors in Sydney land tender, court hears
Real Estate June 19, 2019 8:13 pm By Amelia Birnie

A court has heard a former HWL Ebsworth property lawyer admitted to errors in a due diligence report missing crucial flood risk information that is at the centre of a trial over a $28.5 million sale of Crown-owned land in Sydney.