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Court forces ASIC to delay warning against Mayfair 101 despite COVID 19-stoked investment fears
A judge has ordered ASIC to wait 48 hours after making any decision to send a warning notice to investment conglomerate Mayfair 101 before publicly issuing the notice, despite the regulator's call for urgent action amid the COVID-19 pandemic.
Third time unlucky: Mortgage firm loses another bid to stifle derivative suit over Macquarie sale
An appeals court has dismissed a third attempt by directors of mortgage aggregator Connective Group to stifle a shareholder’s derivative lawsuit over a restructure that allowed the sale of 25 per cent of its business to Macquarie Bank.