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‘Enabled misconduct’: Lawyers, liquidators slam ASIC’s track record
A law firm and several peak bodies for professionals in the corporate sphere have criticised the Australian Securities and Investments Commission’s enforcement track record, saying the regulator is inefficient and fails to properly address misconduct.
Judge stays Victorian suit over alleged conspiracy to undermine HungryPanda’s EASI acquisition
A judge has stayed an Australian lawsuit filed by food delivery service HungryPanda against competitor Fantuan over the acquisition delivery platform EASI until a related UK lawsuit is resolved, amid a fight for control of the local Asian food delivery market.
Ex-Nuix CEO appeals loss in $180M case over options agreement
Former Nuix CEO Edward Sheehy is challenging his loss in a lawsuit claiming he's owed $183 million in options under a 2008 agreement with the technology company.
Court won’t allow suit over $200M in Lendlease purchase options
An appeals court has dismissed a challenge in a lengthy legal drama between the children of one of Australia’s richest families, finding that a lawsuit over $200 million in Lendlease purchase options was not brought in good faith.
ACCC to monitor essential services pricing, interest rates in 2023
The ACCC will monitoring the pricing and supply of essential services such as energy and telecommunications as well as interest rates in 2023 as cost of living pressures continue to bear down on consumers.
K&L Gates lures real estate partner from Arnold Bloch Leibler
K&L Gates has snagged a partner from Arnold Bloch Leibler to bolster the real estate practice in its fast-growing Sydney office.
Slater & Gordon to end run on ASX with Allegro Funds buyout
Slater & Gordon is poised to go private in an off-market takeover by Allegro Funds valuing the company at 55 cents per share, 16 years after it became the first law firm to list on the ASX, reaching a peak valuation of $2.8 billion.
Full Court urged to toss ASIC’s ‘fatal’ appeal in CBA conflicted remuneration case
The Commonwealth Bank of Australia has urged the Full Court to toss ASIC's challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.
Judge won’t stay crypto class action against Qoin issuer
A judge has declined to stay a class action against BPS Financial, the issuer of cryptocurrency Qoin, in light of similar ASIC proceedings.
Hall & Wilcox poaches finance partner from Baker McKenzie
Hall & Wilcox has lured a Baker & McKenzie veteran and renewables specialist to lead its Sydney finance practice.