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Former CEO and chairman of budget airline Rex Lim Kim Hai has been hit with a $800,000 penalty and a four-year disqualification order for admitted breaches of his continuous disclosure obligations.
FX Group Holdings has partly succeeded in its appeal of a finding that it owes private equity firm CPE Capital $96.89 million in a dispute over a profit-sharing agreement tied to the sale of CPE’s stake in trading platform Pepperstone.
The corporate cop has asked a judge to hit the former CEO of collapsed budget airline Rex with an agreed $800,000 penalty for continuous disclosure breaches.
Financial planner Fortnum Private Wealth has been hit with a $1.35 million penalty after admitting it failed to implement adequate cyber security systems, after a breach led to the data of 9,000 customers being published on the dark web.
Construction PRO
The liquidators of GFG Alliance's Tahmoor Coal have lost their appeal of a decision over a royalties deed in favour of former owner Glencore.
Construction PRO
Two witnesses in a trial over $19.5 million in funds allegedly misappropriated in a land development joint venture will be cross-examined again after a judge recused himself from the trial after eight hearing days.
An appeals court has found that a judge misapprehended the Evidence Act by saying the legal team in a dispute over $100 million in land may be complicit in obtaining evidence unlawfully, and that there was no need for the lawyers to withdraw from the case.
Construction PRO
An appeals court has found that a judge misapprehended the Evidence Act by saying the legal team in a dispute over $100 million in land may be complicit in obtaining evidence unlawfully, and that there was no need for the lawyers to withdraw from the case.
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
A judge has appointed receivers to defence contractor Lanmar following a dispute between its directors, two of whom relied in part on ChatGPT advice on how to remove a fellow director from involvement in the business.