Most Recent
E&P Financial to defend Dixon Advisory class action
Financial Services 2021-11-04 2:28 pm By Cat Fredenburgh

E&P Financial Group says it will defend a class action brought against it, subsidiary Dixon Advisory and director Alan Dixon, alleging they reaped millions of dollars in fees by pushing unsuitable financial products onto investors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge slams indictment in cartel case as ‘complete shemozzle’
Competition & Consumer Protection 2021-11-03 3:41 pm By Miklos Bolza

A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

JPMorgan GC sat in on ACCC interviews despite involvement in alleged cartel, court hears
Competition & Consumer Protection 2021-11-03 9:23 pm By Miklos Bolza

JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

IVF provider Virtus’ confidentiality claims ‘border on ridiculous’, judge says
Competition & Consumer Protection 2021-11-03 9:02 pm By Cindy Cameronne

A judge has rejected part of IVF provider Virtus Health’s bid for redactions in a recent decision from the court temporarily blocking the company from purchasing rival Adora Fertility, saying some of the confidentiality claims were “staggering” and “border on ridiculous.”

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court upholds challenge to backpacker tax
Employment 2021-11-03 4:36 pm By Cat Fredenburgh

The High Court has found a 15 per cent ‘backpacker tax’ imposed on holders of Australian working holiday visas violates a double taxation agreement between Australia and the UK.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Fees for no service class action must clarify ‘serious allegations’ against AMP
Class Actions 2021-11-02 4:27 pm By Cindy Cameronne

A judge has ordered a class action against AMP to provide more detail in its case accusing the financial services firm of failing to disclose information to shareholders about allegedly misleading ASIC and charging clients fees for no service.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC takes digital lender Ferratum to court for overcharging borrowers
Financial Services 2021-11-02 11:07 am By Bianca Hrovat

The Australian Securities and Investments Commission has accused Finnish microloan company Ferratum of overcharging vulnerable, low-income consumers during the height of the COVID-19 pandemic.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

BlueScope meeting made distributor ‘extremely uncomfortable’, ACCC tells court
Competition & Consumer Protection 2021-11-01 5:58 pm By Cindy Cameronne

BlueScope general manager Jason Ellis made executives of a steel distributor “extremely uncomfortable” in a meeting where he presented the steel giant’s price list, a court hearing the ACCC’s price-fixing case was told Monday.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ACCC puts government agencies on notice about bid-rigging
Competition & Consumer Protection 2021-11-01 6:29 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has warned public agencies not to encourage businesses to coordinate bids for tenders, saying an investigation showed government departments had “contemplated cooperation” by competitors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
Competition & Consumer Protection 2021-10-29 9:27 pm By Christine Caulfield

In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank and its group treasurer, Rick Moscati.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?