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‘The book was covered’: ANZ fights ‘entirely novel’ ASIC case over $2.5B share placement
Trials 2023-04-26 11:18 pm By Sam Matthews

ANZ has told a court it had no obligation to disclose a $750M bailout by the underwriters of a $2.5B equity capital raising in 2015, […]

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ANZ exec ‘deeply concerned’ about $2.5B share placement shortfall, court hears
Trials 2023-04-24 10:03 pm By Sam Matthews

A senior ANZ executive was ā€œdeeply concernedā€ by the size of the shortfall in its $2.5 billion 2015 equity capital raising, the court heard on […]

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Court orders winding up of investment firm Ascent amid Ponzi scheme claims
Restructuring & Insolvency 2023-04-24 2:54 pm By Sam Matthews

A court has wound up Ascent Investment and Coaching, after ASIC filed proceedings against the company and director Michael Dunjey over concerns that investor funds […]

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Mayfair 101 loses High Court bid to appeal $30M win for ASIC
Financial Services 2023-04-21 11:15 pm By Christine Caulfield

The High Court has rejected investment group Mayfair 101’s bid to challenge a $30 million penalty following a judge’s finding that it misled investors about […]

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Banks face ACCC scrutiny over interest rate-setting
Financial Services 2023-04-21 11:23 pm By Christine Caulfield

The competition and consumer regulator is examining how banks set interest rates on savings accounts and why they are not in line with the Reserve […]

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Crypto class action against Qoin issuer trying to bring ‘entirely new’ case, court told
Cryptocurrency 2023-04-20 4:10 pm By Cindy Cameronne

Qoin cryptocurrency issuer BPS Financial is fighting a class action applicantā€™s bid to amend its case for the fourth time, saying it is trying to […]

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Sika’s deal with MBCC Group wins clearance from ACCC with sell-off
Competition & Consumer Protection 2023-04-20 12:52 pm By Christine Caulfield

The ACCC has given its blessing to Sika’s planned acquisition of Germany-based MBCC Group, subject to the divestiture of MBCC’s Australian and New Zealand business. […]

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Goldsky director pleads guilty to dishonest conduct charges
White Collar 2023-04-17 10:50 pm By Cat Fredenburgh

The director of collapsed Kingscliff-based hedge fund Goldsky has pleaded guilty to five charges of dishonest conduct. Kenneth Grace was charged in April 2021 with […]

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KordaMentha partners fight examination over Arrium administration
Restructuring & Insolvency 2023-04-14 3:38 pm By Cindy Cameronne

The Australian Securities and Investments Commission is fighting a challenge by three KordaMentha partners to the regulatorā€™s decision to allow insurer Atradius to subject them […]

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Forex broker representative loses challenge to ASIC expert opinion
Competition & Consumer Protection 2023-04-14 4:35 pm By Cindy Cameronne

The authorised representative of Union Standard can’t exclude parts of an opinion by an ASIC-appointed expert in a case alleging Union traded in margin products […]

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