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In ASIC win, Full Court says Qoin issuer not exempt under authorised rep rules
Financial Services 2025-05-30 3:26 pm By Sam Matthews

ASIC has succeeded in overturning a decision that found that Qoin issuer BPS Financial came within the authorised representative exemption with respect to agreements with Australian financial services licence holder PNI.

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ASX can’t see file notes of key ASIC interview in CHESS case
ASIC 2025-05-27 11:37 pm By Cindy Cameronne

A judge has upheld ASIC’s privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system. 

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Failed NULIS class action says costs should wait until appeal
Class Actions 2025-05-23 10:55 pm By Cindy Cameronne

The lead applicant in a failed class action against NULIS Nominees has argued that any costs orders should be stayed until after its appeal, while the ex-NAB super trustee claims it should have $8 million in costs paid now. 

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Monarch Advisory’s 12-month non-compete clause reasonable, court says
Employment 2025-05-23 11:08 pm By Julia Kanapathippillai

Financial services firm Monarch Advisory Group has won over $270,000 in damages after two employees who started a new business were found to have breached restraint clauses in their contracts.

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Court approves $3.5M settlement in Melissa Caddick class action
Class Actions 2025-04-01 2:59 pm By Cindy Cameronne

A judge has approved a $3.5 million settlement in a class action brought by former clients of Sydney fraudster Melissa Caddick.

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Judge ‘far too demanding’ in Worley class action, shareholder says
Class Actions 2025-03-20 11:28 pm By Cindy Cameronne

A judge was too exacting in deciding the applicant in a shareholder class action against engineering services firm Worley suffered no loss from misleading guidance, an appeals court has heard.

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Firstmac wins high stakes appeal in trade mark fight with Zip
Financial Services 2025-03-20 11:47 pm By Sam Matthews

An appeals court has found Zip Co infringed the ‘Zip’ trade mark of mortgage provider Firstmac, making orders restraining the buy now, pay later giant from using the name.

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In shareholder class action appeal, Worley argues judge ‘went off the rails’
Appeals 2025-03-19 11:01 pm By Cindy Cameronne

A judge “went off the rails” in finding Worley liable for misleading or deceptive conduct, a lawyer for the engineering services company has said on the first day of an appeal in a shareholder class action.

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ASIC asks Full Court to stamp out authorised rep ‘mischief’ in Qoin case
Cryptocurrency 2025-03-14 11:03 pm By Sam Matthews

The corporate regulator has asked the Full Court to stamp out avenues for corporate mischief, as it challenges a finding about the authorised representative exemption to the licence requirement of financial services providers.

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Element Zero loses appeal of search orders in Fortescue trade secrets case
Intellectual Property 2025-03-14 11:42 pm By Cindy Cameronne

Green iron start-up Element Zero has lost its latest bid to set aside search orders in a case by Fortescue alleging former employees misappropriated its process for carbon dioxide-free iron. 

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