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Gadens brings on 8 new partners in major growth push
Gadens has brought on eight new partners, building out its offering for in-demand practices like corporate, financial services and real estate and construction.
Shield-linked director says ASIC probe leaves him in limbo
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 used low rates as bargaining chip with Coles, trial hears
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.
Solvar’s Money3 must pay $1.55M in ASIC case
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
Phoenix SPV wins $57.75M in suit against developer over financing terms
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 bans tenth adviser in Shield, First Guardian crackdown
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 take ASIC’s scam protections case to trial
HSBC won't defend ASIC proceedings alleging it failed to protect customers from scams that resulted in $23 million in customer losses.
Court won’t block Westpac from ‘debanking’ Sun Capital Investments
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.
‘Two‑time offender’ Latitude pays $4M for latest spam breaches
Latitude Finance has been hit with a $3.96 million penalty for sending more than 2.3 million marketing messages that ran afoul of spam laws, the latest legal headache for the country's largest non-bank lender.
ACCC’s Mastercard case ‘irrational and contrary to commercial reality’, court told
Mastercard has hit back at the ACCC’s claims that it sought to prevent competition with EFTPOS through strategic agreements with large retailers, saying the deals were struck for “benign and pro-competitive” reasons.