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Ill-fated cartel case shows ACCC should stay out of financial markets, ex-Deutsche Bank CEO says
The CDPP's decision to drop all criminal cartel charges against two banks and four individuals in a "test case" over a $2.5 billion ANZ share placement shows the ACCC "lacks expertise and objectivity" on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.
Rio Tinto to cop penalty in ASIC case over failed $5.8B acquisition
Rio Tinto will face a penalty in proceedings brought by the Australian Securities and Investments Commission alleging the mining giant misled shareholders about the resources of a Mozambique mining company it acquired for $5.8 billion in 2011 and later offloaded for $70 million.
ASIC drops investigation into Nuix’s IPO disclosures
The Australian Securities and Investments Commission has dropped its investigation into Nuix’s financial statements in the lead-up to its 2020 public float, but will continue to probe the troubled tech company's statements in the period since the initial public offering.
PE Capital ordered into liquidation after running unregistered investment schemes
A court has ordered the winding up of investment manager PE Capital Funds Management, whose responsible entity Endeavour Securities has connections to collapsed financial services company Linchpin Capital.
High Court gives boost to gig economy, clarifies test for independent contractors
The High Court has bolstered the position of businesses hiring independent contractors with two rulings clarifying the importance of the contract in determing the status of workers.
IOOF class action to get ASIC files on abandoned insider trading probe
The corporate watchdog has been subpoenaed for its investigation files in the latest development in a protracted discovery fight in a shareholder class action over alleged misconduct by wealth manager IOOF.
ASIC grills brother of former Nuix CFO as part of insider trading probe
The corporate regulator has confirmed it has questioned the brother of former Nuix CFO Stephen Doyle and might seek further examination as part of its ongoing investigation of the troubled tech company.
Blue Star Helium’s former boss appeals ban over ill-fated Texas oil asset sale
The former CEO of Blue Star Helium is challenging a ruling that slugged him with a $40,000 penalty and a four-year ban for failing to disclose to shareholders the identify of the buyer behind a botched sale of Texas oil assets.
High Court asked to weigh in on patentability of computer-implemented inventions
Plumbing company Repipe has asked the High Court to take up its case centred on the controversial issue of patent eligibility for computer-implemented inventions, seeking to overturn a judgment it argues sets a new and impermissible test.
Ugg owner wins IP case against Aussie shoe retailer
The maker of Ugg footwear has successfully opposed an application by an Australian shoe seller to register a trade mark containing the word 'ugg', but a delegate has warned the company it does not have an exclusive right to the descriptive word.