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Frydenberg says not so fast on post-Hayne Commission reforms
Financial Services January 22, 2019 10:17 pm By Cat Fredenburgh

Treasurer Josh Frydenberg said new laws may not be needed to remedy the cracks in the  financial system laid bare during the Hayne Royal Commission. […]

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Deep Investments’ case over $10M in share trading losses shut down
Financial Services January 22, 2019 1:32 pm By Miklos Bolza

An appeals court has shut down a case brought by investment adviser Deep Investments against a solicitor and six others over $10 million in alleged […]

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Judge tosses Cash Converters’ ‘singular’ bid for recusal from settlement hearing
Class Actions January 18, 2019 10:41 pm By Christine Caulfield

A judge has shot down a bid by Cash Converters to recuse himself from hearing arguments for a $16.4 million class action settlement, saying his […]

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Herbert Smith Freehills to represent AMP in ASIC suit over Clayton Utz docs
Business of Law January 18, 2019 9:55 pm By Cat Fredenburgh

AMP has retained Herbert Smith Freehills — one of its go-to law firms — to represent it in legal proceedings by the Australian Securities and […]

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Activist suing super fund REST over climate change plan can’t cap adverse costs
Financial Services January 18, 2019 3:29 pm By Cat Fredenburgh

An ecological landscaper suing the Retail Employees Superannuation Trust fund for an undeveloped climate change policy has lost an application for a maximum costs order […]

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Judge was wrong to halt cross-examination in Octaviar class action, court hears
Class Actions January 17, 2019 9:00 pm By Miklos Bolza

A judge that dismissed an investor class action against the Public Trustee of Queensland over the failure of investment firm Octaviar Group improperly intervened in […]

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ASIC asks High Court to clarify meaning of ‘officer’
Corporate January 16, 2019 9:58 pm By Miklos Bolza

ASIC is seeking approval from the High Court to appeal a judgment that let a former director of Gold Coast finance company MFS Group partially […]

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NAB says customers could decide if credit card insurance was ‘worthless’
Financial Services January 16, 2019 12:01 pm By Miklos Bolza

National Australia Bank has rejected a class action’s claims that it pushed worthless credit card insurance onto its customers, saying it was up to the […]

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The cases facing the Big Four banks in 2019
Feature January 14, 2019 11:47 pm By Christine Caulfield

Australia’s four biggest lenders had an expensive year in court last year, but with cases spilling over into the new year and the fallout from […]

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Top 10 class action settlements of 2018
Exclusive January 11, 2019 11:29 pm By Cat Fredenburgh

From a record-setting funder’s cut to the first call for “proportionality”, last year saw a number of groundbreaking judgments approving class action settlements worth more […]

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