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Lender White Oak may argue that settlement communications in proceedings over the collapse of supply chain finance company Greensill were in furtherance of fraud and should be turned over, after partially succeeding in a privilege fight with insurers BCC Trade Credit and Tokio Marine.
Another former director of collapsed Melbourne over-the-counter derivatives broker Berndale Capital Securities has pleaded guilty to misusing company funds, after his fellow director was sentenced to prison time.
Gadens has brought on eight new partners, building out its offering for in-demand practices like corporate, financial services and real estate and construction.
A former director of marketing companies linked to the failed Shield and First Guardian funds says ASIC's 14-month investigation has left him facing a travel ban and freezing orders but no substantive allegations.
Mastercard's APAC head was "perfectly comfortable" with the threat of removal of discounted interchange rates to cut a deal with Coles to route transactions through its payment network, a court has heard.
A judge has imposed a $1.55 million penalty on car finance lender Money3 in ASIC's action alleging breaches of responsible lending obligations, criticising the regulator again for its "sprawling" case.
Construction PRO
A Phoenix Property Investors special purpose vehicle has won a $57.75 million judgment against developer Rockdale Central Finco in a dispute over financing related to the construction of 50 residential apartments in a southern Sydney suburb.
ASIC has imposed its tenth ban on an adviser for directing clients to invest their super in the Shield and First Guardian Master Funds.
HSBC won't defend ASIC proceedings alleging it failed to protect customers from scams that resulted in $23 million in customer losses.
The Victorian Supreme Court has rejected a bid by gold sellers Sun Capital Investments and Australian Gold Capital to stop Westpac from closing its bank accounts, finding there was no serious question to be tried.