Most Recent
Babcock & Brown liquidator settles all remaining shareholder claims
Restructuring & Insolvency 2025-09-26 11:23 pm By Cindy Cameronne

A judge has signed of on a settlement struck by the liquidator for failed financial services firm Babcock & Brown, which will resolve all remaining and future shareholder disputes, which have beleaguered the liquidator for 12 years.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Government to require crypto exchanges to hold financial services licence
Cryptocurrency 2025-09-26 11:58 pm By Julia Kanapathippillai

Cryptocurrency exchanges will be required to hold an Australian Financial Services Licence under proposed legislation announced by assistant treasurer Dr Daniel Mulino.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court asked to clarify test for damages in shareholder class actions
Class Actions 2025-09-25 11:52 pm By Christine Caulfield

Saying the appeals court committed “fundamental errors” in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Macquarie admits failures over Keystone, vows to repay investors
Financial Services 2025-09-25 11:03 am By Cindy Cameronne

Super trustee Macquarie Investment Management has admitted it failed to act efficiently, honestly and fairly after thousands of members invested $321 million in a Keystone fund under investigation for misusing funds. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Court calls ASIC out for ‘kitchen sink’ approach to pleadings in Mawhinney case
ASIC 2025-09-23 11:14 pm By Cindy Cameronne

A judge has taken ASIC to task for pleading its remitter case against Mayfair 101 Group director James Mawhinney in minute detail, but has rejected arguments the regulator ran the proceeding in an “oppressive and unmeritorious” way.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Paladin director disqualified in ASIC case over ‘entirely fanciful’ $1B valuation
Financial Services 2025-09-23 11:22 pm By Sam Matthews

ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ratings house faces ASIC investigation over Keystone fund
Financial Services 2025-09-18 11:45 pm By Cindy Cameronne

ASIC has confirmed it is investigating at least one ratings house which said Keystone’s failed Shield Master Fund was of ‘investment grade’, as the corporate watchdog seeks to claw back $480 million in investor funds. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Construction PRO
Commercial development ‘greatest potential risk’ in $200B private credit sector: ASIC
Real Estate 2025-09-22 10:58 pm By Cindy Cameronne

An ASIC report into private credit has found that commercial property construction and development presents the “greatest potential risk” of impairment or credit loss, as well as being more likely to involve conflicts of interest and opaque fee arrangements. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC in hotseat over inaction against ANZ execs after $240M settlement
Financial Services 2025-09-18 11:27 pm By Cindy Cameronne

ASIC’s chair was grilled by members of parliament on Thursday over whether the regulator would take action against individuals within ANZ, after the bank agreed to pay $240 million in penalties for “widespread misconduct”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

La Trobe Financial investment funds hit with ASIC stop orders
ASIC 2025-09-18 11:56 pm By Christine Caulfield

Products offered by La Trobe Financial Asset Management are the subject of interim stop orders by the corporate regulator, which claims the investment schemes are unsuitable for everyday investors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?