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Noumi in talks with ASIC on penalty for continuous disclosure breaches
Food manufacturer Noumi is trying to reach agreement with the Australian Securities and Investments Commission on a penalty to propose to the court for violating its continuous disclosure obligations by overstating the value of inventory.
Seven must produce emails exchanged with Ben Roberts-Smith’s lawyers
An appeals court has refused to set aside subpoenas forcing Seven to produce some of the 8,600 emails it exchanged with Ben Roberts-Smith’s solicitors concerning his failed defamation case over alleged war crimes he committed in Afghanistan.
ASIC can’t temporarily block payday lenders from charging fees
The Australian Securities and Investments Commission has lost its bid to temporarily restrain payday lenders Cigno and BSF Solutions from enforcing loan fees against 7,000 customers, with a judge finding an injunction could destroy their businesses.
AMP accused of unconscionable conduct by financial advisor
AMP has been taken to court by a former licenced financial advisor who alleges he was terminated without proper and sufficient cause and forced to sell his business for $6.1 million under the wealth manager's buyer of last resort program.
India appeals judgment on $111.3M arbitral award
The Indian government has lodged an appeal after a judge found it can't avoid a $111.3 million arbitral award in a dispute with three Mauritian companies that invested in Indian satellites.
Carnival points finger at passengers in norovirus class action
Carnival has pointed the finger at passengers in response to a class action over norovirus outbreaks on its Sun Princess cruise ship, a defence that recently flopped in a separate class action over a COVID-19 outbreak aboard Ruby Princess.
India can’t avoid $111.3M arbitral award over aerospace investments
The Indian government has lost its bid to dodge a $111.3 million arbitral award in a dispute with three Mauritian companies that invested in Indian satellites, with a judge finging the country waived its foreign state immunity. 
ASIC seeks urgent orders barring payday lenders from enforcing ‘harmful’ loan contracts
The Australian Securities and Investments Commission is seeking to restrain payday lenders Cigno and BSF Solutions from enforcing loan fees against 10,000 customers.
Wealth guru Dominique Grubisa can’t get more detail about ACCC’s case
Dominique Grubisa has come up short in her bid to have the Australian Competition and Consumer Commission file formal pleadings in its case alleging she misled students enrolled in her real estate investing and wealth management courses.
ASIC loses appeal in CBA conflicted remuneration case
ASIC has lost its challenge to findings that a revenue sharing arrangement between the Commonwealth Bank of Australia and former subsidiary Colonial First State Investments did not breach conflicted remuneration provisions of the Corporations Act.