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Advisory firm Lanterne Fund, which operated as a ‘licensee for hire’, has been hit with a $1.25 million penalty for breaching its obligations as a financial services licence holder.
ASIC launches appeal in landmark case over Finder Wallet’s cryptocurrency
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The Australian Securities and Investments Commission is challenging a decision that Finder Wallet did not need a financial services licence to sell its defunct cryptocurrency product.
Indigenous fishing rights class action against NSW could cover 15,000 people, court told
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A class action against the New South Wales government alleging it discriminated against Indigenous communities on the south coast for engaging in cultural fishing practices will include up to 15,000 people, a court has heard.
Qatar Airways passengers can’t sue airline over strip searches
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A judge has summarily dismissed a case by five passengers against Qatar Airways that alleged the airline was liable for invasive examinations conducted by Qatar police after a newborn baby was found in a bin at the Doha airport. But the case is allowed to continue against subsidiary MATAR.
MinterEllison loses head of climate group to advisory firm
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Investment and advisory firm Pollination Group has poached a leading climate lawyer who led MinterEllison’s global climate practice group to bolster its offering of cutting edge advice on the transition to net zero.
‘Disappointing’: Lawyers bemoan loss of right to challenge ACCC merger decisions in court
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Competition law experts have raised doubts about changes to Australia’s merger review regime announced Wednesday, calling the reforms a mixed bag for businesses and the reduced role of the Federal Court “disappointing”.
Dumpling chain fined $4M for ‘calculated scheme to rob employees’
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The collapsed companies behind dumpling chain Din Tai Fung have been hit with over $3.8 million in penalties after a judge found they engaged in a “a calculated scheme to rob employees of their hard-earned wages and deceive the authorities”.
Judge’s refusal to disqualify himself from MinterEllison costs dispute overturned
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A judge’s refusal to recuse himself from hearing a costs dispute between MinterEllison and a former client has been overturned, with a court finding that a number of complaints made about the judge by the client created “a contest” between them.
Sydney developer Thirdi hits back at class action over alleged shoddy construction
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Property developer Thirdi has rejected the claims of a class action brought by the owners of lots in an allegedly shoddy townhouse development in Sydney, and has filed a cross-claim seeking an indemnity from its builder.
Genuine redundancy exception to unfair dismissal not a given, court says
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The allowance for genuine redundancies is “not absolute” and employers need to consider measures to redeploy workers, including retraining, an appeals court has said in an unfair dismissal case involving 22 mining workers.