Most Recent
Banned financial advisor faces charges over undisclosed commissions
Financial Services 2024-11-20 2:10 pm By Julia Kanapathippillai

A banned financial advisor has landed himself in court after allegedly taking secret commissions from clients.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

CBA slams class actions’ ‘misguided’ theory on appeal
Class Actions 2024-11-19 11:03 pm By Sam Matthews

CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judgment in CBA class actions could affect insider trading cases, Full Court told
Class Actions 2024-11-19 11:42 pm By Sam Matthews

The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

HESTA to pay members stung by ‘unfair’ COVID-19 revaluations
Superannuation 2024-11-19 11:53 pm By Julia Kanapathippillai

The trustees of super fund HESTA have agreed to make payments to two groups of members impacted by valuation decisions made at the start of the COVID-19 pandemic.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Marsh fights ‘serious’ finding it used Greensill litigation docs in UK case
Insurance 2024-11-19 3:57 pm By Christine Caulfield

Insurer Marsh has wasted no time in appealing a ruling that it breached an obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill in separate proceedings.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

CBA class action judge used ‘far too onerous’ test, appeals court told
Class Actions 2024-11-18 11:38 pm By Cindy Cameronne

Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC takes NAB to court over customer hardship claims
Financial Services 2024-11-18 12:51 pm By Julia Kanapathippillai

The corporate watchdog is suing the second Big Four bank in two months, alleging NAB mishandled hundreds of hardship applications from vulnerable customers.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Barristers acting on instructions from solicitor to be exempt from AML/CTF regime
Legal Ethics 2024-11-15 2:39 pm By Cindy Cameronne

A senate committee has recommended that rules requiring that lawyers comply with anti-money laundering obligations should not apply to barristers acting on instructions from solicitors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Class action in Hong Kong against Forex trader could complicate Aussie case, court told
Class Actions 2024-11-15 3:26 pm By Andy Sidler

A concurrent group proceeding in Hong Kong could complicate an Australian class action against Perth-based forex trader Best Leader Markets Pty Ltd.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ex-Keystone director may claim penalty privilege in receivers’ lawsuit
Restructuring & Insolvency 2024-11-15 11:54 pm By Cindy Cameronne

A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?