The corporate watchdog has brought proceedings against the former director of collapsed cryptocurrency exchange platform Blockchain Global for alleged violations of his directors duties.
On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank.
ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.
The NSW government has granted mine operator Glencore permission to run the Ulan coal mine until 2035, allowing for the extraction of an additional 18.8 million tonnes of coal, despite net zero targets on the horizon.
A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.
A judge has approved Maurice Blackburn’s 30 per cent group cost order in a class action against JB Hi-Fi over worthless warranties, noting the ‘high end’ rate would be reviewed at a later stage.
The administrators of a Northern Territory iron ore company have won extra time to hold a second creditors meeting in hopes of securing a deed of company arrangement, despite protests from creditor Aurizon.
A judge has found that expert reports submitted by Clive Palmer and his company Mineralogy in a fight against CITIC over royalty payments for the Yabulu Refinery present a “fresh case” and don’t comply with court orders.
Medtech start-up Strongroom AI has lost its bid for a court order blessing its proposal to sell the company to SRSPV Pty Ltd prior to a second creditors meeting.
Sydney pub the Agincourt Hotel, the home of Club 871 and live entertainment venue The Alley, has been sold to an investor group with plans to refurbish.