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ASIC loses appeal in crypto case against Finder
Cryptocurrency 2025-07-24 11:55 pm By Cindy Cameronne

The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money. 

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‘News to me’: Judge slams HSF partner’s claim that subpoenaing witness not good practice
Insurance 2025-07-22 11:42 pm By Andy Sidler

A judge has slammed a Herbert Smith Freehills Kramer partner’s submission that it is not good practice to subpoena witnesses in complex litigation — saying this was “news to [her]” — and rejected client AMP’s bid to have a key witness testify from an Airbnb.

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Dyldam directors on hook for $50M in case over alleged misuse of funds
Restructuring & Insolvency 2025-07-22 10:49 am By Cindy Cameronne

Dyldam Developments’ former boss Sam Fayad and his two sons have been ordered to pay over $50 million in a case by the liquidator of a special purpose vehicle claiming company funds were misused.

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ASIC should have known TerraCom case had no chance of success: judge
ASIC 2025-07-04 11:55 pm By Andy Sidler

A judge has said ASIC should have known that its case against four TerraCom directors over statements made to investors had no prospects of success, calling one of its submissions “unworthy of the corporations regulator”.

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Court hears of accounts ‘oddities’ as trial against Dyldam directors begins
Restructuring & Insolvency 2025-07-07 11:23 pm By Andy Sidler

A liquidator has opened his case over the alleged misuse of funds by now defunct Dyldam Developments, as the court hears of “oddities” in financial records and the spaghetti-like structure of 157 interrelated entities.

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Lendlease appeals loss in $120M Campbelltown land case
Real Estate 2025-07-02 11:10 pm By Sam Matthews

Lendlease has filed an appeal after it failed in its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, in a high-stakes challenge set to be heard later this year. 

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Dexus agrees to absorb shareholders’ costs of legal tussle with APAC
Transportation & Infrastructure 2025-06-24 11:53 pm By Christine Caulfield

Real estate asset manager Dexus will cover the legal costs of shareholders whose stake in Australia Pacific Airports Corporation hangs in the balance, as it reveals a $55 million book value increase.

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PwC report found TerraCom netted $1.1M from inconsistent coal pricing, court hears
Trials 2025-06-16 11:41 pm By Andy Sidler

ASIC has told a court that a PwC report into allegations of inaccurate coal pricing found that 12 “inconsistent” invoices issued by TerraCom resulted in a $1.15 million benefit to the company, contrary to the company’s claim that the audit found no wrongdoing.

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Court sets date for Dexus fight with APAC, investor funds
Article 2025-06-13 11:38 pm By Christine Caulfield

The date has been set for a court battle over Dexus’ sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.

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Commonwealth spars with navy training class action over interest
Class Actions 2025-06-05 11:37 pm By Cindy Cameronne

The Commonwealth is locked in a fight with a class action on behalf of Navy technicians over whether a referee’s report on damages mistakenly failed to include pre-judgment interest. The class action, brought in 2016 on behalf of 290 Navy marine technicians, seeks damages for the loss of income that resulted from the Navy’s breach…

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