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ASIC wins case against payday lender Sunshine Loans over ‘wrongheaded’ fees
Financial Services 2024-04-12 11:08 pm By Sam Matthews

In a win for the Australian Securities and Investments Commission, a judge has found that payday lender Sunshine Loans charged thousands of customers prohibited fees, […]

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Fortrend client list was created, then destroyed after lawsuit threat over Shaw defections, court told
Employment 2024-04-03 1:12 pm By Christine Caulfield

Fortrend Securities is amending its $28 million lawsuit against rival Shaw & Partners and two former advisors accused of scheming to solicit customers, adding a […]

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Herbert Smith Freehills chases United Petroleum for costs over failed IPO dispute
Professional Negligence 2024-02-15 3:50 pm By Cindy Cameronne

Herbert Smith Freehills has filed proceedings against its former client United Petroleum, seeking costs of successfully defending a lawsuit alleging it acted negligently in relation […]

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ASICā€™s power to order fines for Credit Code violations wonā€™t face challenge
Financial Services 2023-06-27 11:54 pm By Cindy Cameronne

Queensland lender SunshineLoans has lost its second bid for the Full Court to decide whether ASIC has the power to bring civil penalty proceedings for […]

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Liquidators removed for $69M demand against Billi directors
Restructuring & Insolvency 2023-06-19 4:53 pm By Christine Caulfield

A judge has removed two liquidators as administrators of a defunct company after finding they abused the court’s processes by demanding $69 million in damages […]

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Full Court won’t weigh in on ASIC’s power to seek penalties for Credit Code violations
Financial Services 2023-06-15 10:00 pm By Gareth Baker

Sunshine Loans has lost its bid to have the Full Court weigh in on ASICā€™s authority to seek penalties for Credit Code violations, in proceedings […]

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Hastie liquidators appeal dismissal of $63M case against major builders
Restructuring & Insolvency 2023-05-08 3:59 pm By Sam Matthews

The liquidators of failed engineering company Hastie Group have appealed a decision that knocked out half its $120 million case against Multiplex, Lendlease and numerous […]

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Major win for Lendlease, Multiplex in $68M case by Hastie liquidators
Construction 2022-11-02 11:18 pm By Cindy Cameronne

Lendlease and other major builders have secured a significant victory in a long-running case brought by the liquidators of failed engineering company Hastie Group, with […]

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Law firm must pay former high earner ‘fruits of his victory’ pending appeal
Appeals 2022-03-24 1:43 pm By Cindy Cameronne

A Melbourne law firm has lost its bid to delay payment of a $184,000 judgment to a former junior lawyer who earned hundreds of thousands […]

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Hastie’s claim against Lendlease in $68M suit ā€˜untenableā€™, court hears
Restructuring & Insolvency 2022-03-16 10:36 pm By Cindy Cameronne

A bid by the liquidators of collapsed engineering company Hastie Group for Lendlease to pay back funds it withdrew under bank guarantees is ā€œuntenableā€ and […]

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