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Construction PRO
Dexus seeks docs given to PwC, Deloitte in fight with APAC
Tom O’Brien 2025-08-19 11:34 pm By Cindy Cameronne

Real estate asset manager Dexus wants information that the Asia Pacific Airport Corporation gave to several consultants in a court battle over allegations it breached a shareholder deed in selling a stake in the airport operator. 

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Payday lender directors ask High Court to clarify accessorial liability
Appeals 2025-08-12 11:46 pm By Cindy Cameronne

The directors of payday lenders Cigno and BSF have filed for special leave to appeal a decision that found them liable for unlicensed credit activity, saying the case raises fundamental questions about the scope of accessorial liability.

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Payday lenders BSF, Cigno lose appeal in ASIC case
Financial Services 2025-07-10 10:07 am By Cindy Cameronne

Payday lenders BSF Solutions and Cigno have lost an appeal in action by ASIC alleging they engaged in unlicensed credit activity and charged prohibited fees, in the case’s second run up to the Full Federal Court.

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ASIC wants $300M in penalties for forex broker’s ‘egregious’ conduct
Financial Services 2025-07-02 2:08 pm By Cindy Cameronne

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. 

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Construction PRO
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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Construction PRO
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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Construction PRO
‘What’s done can’t be undone’: Judge says alleged Dexus breach seems irremediable
Transportation & Infrastructure 2025-05-22 11:34 pm By Christine Caulfield

Dexus’ denial of a breach of confidentiality in a battle with co-owners of airport operator APAC is unlikely to hold up, a judge has said, and what appears to have been done can’t be undone. What the high-stakes row will come down to, he says, is materiality.

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‘In all circumstances unconscionable’: ASIC wins case against forex broker
Judgment 2024-12-20 5:55 pm By Cindy Cameronne

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.

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ASIC slams ‘false’ premise of payday lender BSF’s appeal
Financial Services 2024-11-14 11:08 pm By Cindy Cameronne

ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.

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Payday lenders Cigno, BSF appeal loss in ASIC case
Appeals 2024-06-12 2:58 pm By Christine Caulfield

Payday lenders Cigno and BSF Solutions have appealed a decision that found they provided credit without a licence, and rejected the claim that their loan model is analogous to buy now, pay later arrangements that don’t require a licence.

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