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A judge has expressed concern about the Australian Securities and Investments Commission's suspicion that a former director of Keystone Asset Management may have used investor funds to purchase a house in his wife’s name, calling it "alarming".
An arrangement to restructure Queensland labour hire services company Comlek has survived a challenge by the state's revenue office, which wanted the business wound up, claiming the restructure was against public interest and commercial morality.
A court has found iSignthis and its former CEO Nickolas John Karantzis breached the Corporations Act in disclosures to the stock market about one-off revenue and the termination of the fintech's business arrangement with Visa.
ASIC has secured freezing orders over the assets of an investment fund managed by Keystone Asset Management, with a court also ordering a Keystone director to surrender his passport amid an investigation by the corporate regulator.
McCullough Robertson has snagged a partner from HWL Ebsworth to join the firm's construction and infrastructure team in Sydney.
Ashurst has lured two partners from competing firms to join its Perth office, bolstering its restructuring and investigations offerings for clients in the energy sector.
A judge has approved a $25 million settlement in a class action against a group of surgeons who worked for the Cosmetic Institute, including a $8.9 million payout for the lawyers that ran the seven-year-old case, saying the deduction from the settlement was reasonable given the "very significant discount" applied to the legal bill.
The Port Authority of NSW has been sued by a sand importer for allegedly acting unconscionably when it terminated a lease agreement over a development at Glebe Island in Sydney.
A Melbourne car dealer has largely lost a consumer law case against Honda Australia over its decision to abandon a dealership model, but is set to receive compensation for over 2,600 new vehicles it could have sold if Honda hadn’t ended its five-year contract early.
A class action against BPS Financial may abandon some claims after a judge found in a separate case brought by the Australian Securities and Investments Commission that the Qoin cryptocurrency issuer made false and misleading claims about its product.