ASIC claims crypto firm Binance denied protections to derivatives investors

Posted on by Julia Kanapathippillai
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Crypto firm Binance deprived hundreds of customers of consumer protections by misclassifying them as wholesale clients and allowing them to buy risky derivatives, ASIC says.

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Melbourne law firm argues 700 clients can’t sue for negligence in class action

Posted on by Cindy Cameronne
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A law firm facing a representative proceeding for allegedly giving negligent advice to 700 survivors of institutional child sexual abuse is seeking to strip the case of class action status.

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Slashing funder’s stolen wages cut could deter public interest cases, court told

Posted on by Sam Matthews
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Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.

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Lawyers for Banksia class action funder face possible court action

Posted on by Christine Caulfield
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The firm that represented the funder of the notorious Banksia class action faces potential proceedings by a group of debenture holders. Meanwhile, Banksia’s receiver wants a court direction that he is justified in not pursuing the lawyers.

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Japanese conglomerate signs on for $830M Mirvac housing development

Posted on by Cat Fredenburgh
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Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.

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Victoria accepts recommendations to address misconduct in construction sector

Posted on by Julia Kanapathippillai
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The Victorian Government has flagged its support for recommendations aimed at stamping out criminal activity in the state’s construction industry, including changes to the ‘fit and proper’ test for union positions. 

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