ASIC
ASIC seeks injunction against adviser linked to $520M in Shield, First Guardian investments
ASIC wants an injunction against a financial adviser whose "honey pot" marketing allegedly led to 6,000 clients pumping over $520 million into the collapsed Shield and First Guardian funds.
M&A
ACCC won’t fight $75M Cuscal, Indue tie-up
The Australian Competition and Consumer Commission has cleared the way for ASX-listed Cuscal's to acquire payment facilitation supplier Indue, saying it was unlikely to substantially lessen competition.
Courts
Victoria Supreme Court gets on the fast track with new expedited trial list
The Supreme Court of Victoria has debuted a new expedited case list for the Commercial Court, aimed at fast-tracking urgent cases and those that can be heard in three days or less.
M&A
Johns Lyng top execs dragged into suit over $75M sale of retailer
Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.
Financial Services
Another Keystone Shield spruiker cops financial adviser ban
A second MWL Financial adviser has been banned this week by the corporate regulator as part of its probe into the costly collapse of Keystone's failed Shield Master Fund.
Ben Hancock
Mastercard can appeal privilege waiver ruling in ACCC’s case
Mastercard can pursue an appeal of a ruling for the competition regulator requiring the credit card giant to hand over communications about its agreements with retailers, which are at the centre of a misuse of market power case.
Employment
Office worker who discussed polyamory, role-playing loses FWC dismissal case
A Perth office employee found to have leered at female colleagues and openly discussed attending sex parties has lost his unfair dismissal case despite his employer's "shambolic" investigation.
Competition & Consumer Protection
ACCC opposes Kegstar’s bid to acquire competitor’s keg pooling assets
The ACCC will oppose US keg services business Kegstar's plans to acquire the assets of Konvoy Holdings, saying it would substantially lessen competition for keg pooling services.
Employment
Lovisa underpayments class action sets up next reverse onus test
Jewellery retailer Lovisa has struck back at an underpayments class action, saying it does not have the burden of disproving the underpayments claims because the applicants have not proven each alleged unpaid overtime hour was actually worked.
Insurance
Clyde & Co lures corporate insurance solicitor back from Gilchrist Connell
Clyde & Co has boosted its corporate insurance offering, welcoming back solicitor Yvonne Lam after her stint at Gilchrist Connell.
