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Kraken crypto exchange operator Bit Trade must pay $8M penalty
Cryptocurrency 2024-12-12 5:03 pm By Julia Kanapathippillai

The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.

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ASIC seeks $20M penalty against Kraken crypto exchange
Cryptocurrency 2024-11-14 11:22 pm By Andy Sidler

In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.

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ASIC wins credit facility case against Kraken cryptocurrency exchange
Cryptocurrency 2024-08-23 11:03 pm By Sam Matthews

The corporate regulator has won its case against Bit Trade, the Australian provider of the Kraken crypto exchange, after a judge rejected the company’s argument that its product was not a credit facility. 

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Kraken crypto exchange operator denies it offered credit facility
Cryptocurrency 2024-07-01 11:22 pm By Sam Matthews

The Australian provider of the Kraken crypto exchange has told a court that its margin trading product is not a credit facility, rejecting the corporate regulator’s “overly broad” definition of the word ‘credit’. 

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HWL Ebsworth partner excluded from IPO wants firm head’s emails in $4.4M suit
Business of Law 2023-05-25 11:10 pm By Cindy Cameronne

A former capital partner has called on HWL Ebsworth to produce communications between managing partner Juan Martinez and other members of the management team that allegedly preceded a decision to shut him out of the law firm’s plans to float on the ASX. 

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Wife of billionaire developer can’t suppress affidavits in $272M ATO case
Tax 2022-11-04 5:41 pm By Sam Matthews

The wife of a billionaire developer targeted in a $272 million proceeding by the Australian Taxation Office has lost a bid for suppression orders over the affidavits of a tax official she said would cause the couple to suffer reputational and commercial harm.

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Waste tyre boss owes $2M for using Maersk to take out his trash, shipper alleges
Competition & Consumer Protection 2022-06-08 9:55 pm By Cindy Cameronne

A judge has struck out a defence invoking the right against self-incrimination in a $2 million case brought by freight company Maersk alleging a Melbourne waste tyre company director used the shipper to dump end-of-life tyres overseas. 

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HWL Ebsworth’s boss can’t slug former partner with costs in case over failed IPO
Business of Law 2022-02-21 10:06 pm By Christine Caulfield

Managing partner of HWL Ebsworth Juan Martinez has lost his bid for an order for costs against a former capital partner in a $4.4 million suit after the partner unsuccessfully sought to have the law firm boss named as representative defendant.

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All HWL Ebsworth partners to be named in ex-partner’s $4.4M lawsuit
Business of Law 2021-10-22 2:29 pm By Miklos Bolza

A judge won’t make HWL Ebsworth managing partner Juan Martinez the representative defendant in a former partner’s $4.4 million lawsuit against the firm, saying Martinez’ interests and those of the other partners could diverge.

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Halifax investors file Full Court appeal to boost recovery
Restructuring & Insolvency 2021-09-13 1:50 pm By Christine Caulfield

Approximately 1,000 investors of collapsed stockbroker Halifax Investment Services have challenged a court decision concerning the date of the realisation of their investments which decreased the amounts they could recoup from the company’s liquidation.

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