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In ASIC win, Full Court says Qoin issuer not exempt under authorised rep rules
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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No fowl: Queensland wind farm not inconsistent with treaties on birds, judge says
An activist group has lost a challenge to the approval of a 69-turbine wind farm in North Queensland that it says ran afoul of international treaties to protect migratory birds, with a judge finding no grounds to review the decision.
Funder behind failed class action against Quintis director, EY fights costs order
The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn't be imposed on funders where there is no doubt they will pay up.
Judge allows tweak to ratings suit against S&P ahead of trial
The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
Cooling-off orders in Sydney rail dispute not irrational: court
The Federal Court has dismissed an appeal by a union representing rail electricians of cooling-off orders made by the Fair Work Commission amid an ongoing dispute with Sydney Trains.
ASIC asks Full Court to stamp out authorised rep ‘mischief’ in Qoin case
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.
Ex-Super Retail lawyer can’t appeal suppression order for public defence
A judge has rejected claims from Super Retail Group's former top lawyer that suppression orders over details of an alleged settlement should be lifted so she can respond to the company's "defamatory" version of events in the media, calling her claims "a bare assertion".
Quintis misled the market, but class action’s loss narrative lost the case
In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.
Shareholder class action against EY, Quintis founder dismissed by court
Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer's shareholders.