The corporate regulator says defunct forex broker Union Standard and its agents should be hit with $300 million in penalties for their tactics in pressuring customers to trade in risky financial products.
After describing the $836 million project for a new Sydney Fish Market as “an architecturally designed death knell to the NSW seafood industry”, the market operator has mostly lost its application to make Infrastructure NSW hand over 100 project documents.
A judge has said Sydney firm Atanskovic Hartnell’s garnishee order was “entirely unacceptable” in a long-running fee fight with its former client, a company owned by media mogul Bruce Gordon.
A High Court majority has found self-represented law firms can recover costs for their solicitors’ work, but in dissent two judges said the ruling effectively restored an exception scrapped five years ago.
A judge has found that representatives for forex broker Union Standard used unfair tactics to pressure customers to invest in risky financial products and derived most of their revenue from customer losses, said to total $83 million.
Media mogul Bruce Gordon says a costs dispute with Atanaskovic Hartnell should be paused until the High Court has its say on a key issue.
The High Court has agreed to hear a case with implications for law firms that represent themselves in litigation, granting an appeal application by media mogul Bruce Gordon, a former client of Sydney firm Atanaskovic Hartnell.
A former Atanaskovic Hartnell client is seeking special leave to challenge a judgment from the NSW Court of Appeal that found self-represented law firms can recover costs for work done by their own solicitors, urging the High Court to intervene to clarify a judgment eliminating the so-called Chorley exception.
The NSW Court of Appeal has issued a judgment contradicting a finding from its Victorian counterpart, ruling that law firm Atanaskovic Hartnell can recover costs for work done by its own solicitors in a lawsuit against a former client in which the firm represented itself.
The authorised representative of forex broker Union Standard can’t exclude parts of an opinion by an ASIC-appointed expert in a case alleging it traded in margin products with Chinese clients despite knowing it was illegal under Chinese law.