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ASIC loses case against ex-Freedom boss, manager over sales incentives
Financial Services 2025-10-17 11:12 pm By Julia Kanapathippillai

A court has tossed the corporate regulator’s case against Freedom Insurance’s former boss and another executive, finding that a sales incentives scheme did not breach conflicted remuneration laws.

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Insurer Marsh barred from pursuing Greensill claims in UK court
Insurance 2025-10-13 11:23 pm By Christine Caulfield

Upping the ante in sprawling litigation over the failure of Greensill Capital, the global finance firm’s bank has won an anti-anti-suit injunction against Marsh that bars the insurer from prosecuting its UK case.

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Resilium’s disclosure of authorised rep’s client data not a breach: court
Insurance 2025-10-08 11:50 pm By Julia Kanapathippillai

A former authorised representative of Resilium Insurance Broking has failed to persuade an appeals court that the intermediary network breached a contract by providing its client data to a new representative.

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Thomson Geer scoops up Baker McKenzie banking partner, special counsel
Business of Law 2025-10-08 11:53 pm By Julia Kanapathippillai

Thompson Geer has nabbed a partner and a special counsel from Baker McKenzie to grow its Melbourne-based banking and finance team.

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CBA unit to pay $119.5M to settle consumer class action
Class Actions 2025-10-07 11:41 pm By Cat Fredenburgh

Commonwealth Bank’s New Zealand unit, ASB Bank, has agreed to pay $119.35 million to settle a class action alleging it failed to repay fees and interest wrongly charged to 150,000 customers who took out home or personal loans.

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Cbus admits liability in ASIC death benefit case, faces penalty hearing
ASIC 2025-10-01 11:21 pm By Christine Caulfield

Super fund Cbus has made admissions in the corporate regulator’s case over long delays in the processing of $20 million in death and disability claims, with the action to progress directly to penalty.

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Lawyer and wealth guru Dominique Grubisa found unfit to practice
Legal Ethics 2025-10-01 11:16 pm By Julia Kanapathippillai

A tribunal has recommended that lawyer and wealth guru Dominique Grubisa be struck from the roll of practitioners over conduct that included hiring a private investigator to look into another solicitor.

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Shine makes play to vary fee after settlement in EML Payments class action
Class Actions 2025-09-30 11:30 pm By Julia Kanapathippillai

Shine Lawyers has come under fire from a judge, after the firm filed an application to materially vary a 24.5 per cent group costs order in a settled shareholder class action against EML Payments.

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In High Court case, ASIC reminds justices litigants can’t ‘choose their judges’
Courts 2025-09-30 11:49 pm By Christine Caulfield

A judge did not need to recuse himself from deciding the penalty in ASIC’s case against Sunshine Loans because his earlier adverse credit findings — far from giving rise to bias concerns — were relevant to the task, the regulator has told the High Court.

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ANZ whistleblower trial kicks off, with trader admitting inappropriate messages
Employment 2025-09-29 11:28 pm By Julia Kanapathippillai

Former ANZ trader Etienne Alexiou has admitted during cross-examination that lewd messages sent to other bankers through Bloomberg’s messaging platform were inappropriate and could cause offence.

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