Hong Kong-based NGS Crypto Group and its director have lost their bid to undo receivership and freezing orders made amid concerns about dissipation of assets as ASIC investigates whether hundreds of Australians who sank $21.1 million into the crypto firm were misled about the safety of their investments.
Investment manager Merricks Capital has resolved its case against a former managing director and two employees, who left the firm for a boutique run by financial commentator Peter Switzer and his son, Marty.
Lander & Rogers has lured away a Gadens veteran to bolster its real estate practice in Brisbane.
The liquidators of failed grain trader LGL Commodities have filed a professional negligence case against law firm Gadens, alleging its failure to comply with orders for evidence meant it lost the chance to win back over $6 million at trial.
The judge who presided over ASIC’s successful case against payday lender Sunshine Loans has recused himself from deciding on penalty in the matter, saying a new court protocol might be needed for when a judge makes an adverse credit finding during the liability phase of a case.
Gadens has merged with Canberra firm Trinity Law, expanding the firm’s national footprint and boosting its capacity to take on government work.
A court has imposed an interim injunction on a former Samsung Electronics business manager, restraining him from taking a similar role with rival Electrolux until a case alleging breach of post-employment restraints is heard.
A former HWL Ebsworth client has lost his argument that the firm must reimburse him for $22.8 million in expenses and interest after a judge found the law firm was negligent in advising on a joint venture contract for a Sydney land development, which allegedly lost him $130 million.
In a win for the Australian Securities and Investments Commission, a judge has found that payday lender Sunshine Loans charged thousands of customers prohibited fees, issuing a scathing judgment condemning the company’s “wrongheaded” conduct.
A judge has rejected Aussie Broadband’s bid to restrain internet service provider Superloop from acting on a sell order issued last month, calling the argument that Superloop issued the order for an improper purpose “a very weak” one.