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A former wealth manager faces action by the corporate regulator for contempt of court after he allegedly breached a court order banning him from involvement in financial services.
Canberra developers can’t muzzle ASIC over disqualification
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Two former directors of a Canberra property development group have lost their bid to bar ASIC from announcing their disqualification, with a tribunal finding this would keep financiers and creditors “in the dark” and make the market less transparent.
Employee unfairly dismissed for working from home, says FWC
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An e-commerce company did not have a valid reason for dismissing an employee who worked from home on a mandatory in-office day and must pay him $26,496 in compensation, the Fair Work Commission has found.
Mills Oakley hit with negligence suit by former client
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A former client has sued Mills Oakley and a Victorian law firm alleging they were negligent while advising on a property transaction with his parents that did not go through.
Telstra sued for $45M over mobile services contract
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Kingfisher Mobile, which provides mobile services to Telstra customers, has taken the telecommunications giant to court for allegedly breached its contractual obligations when it engaged a new provider to take over from Kingfisher.
The Agency Group loses trade mark fight with real estate rival
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Sydney real estate group The Agency has lost an appeal in its trade mark case against a rival, with the Full Federal Court upholding a finding that the company would have an “unwarranted monopoly” if other businesses were barred from using the descriptive words in its name.
Ex-Continental Coal secretary pleads guilty to stealing, forgery
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A former company secretary of defunct mining and exploration company Continental Coal has pleaded guilty to three criminal charges, including stealing $2.2 million and forging a bank statement.
Contingency fees offer class action members ‘vastly superior outcome’ to commissions: report
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The contingency fee regime in Victoria promises class action members “vastly superior” recoveries when compared with class actions financed by commission-paid funders, a new report shows.
Russian citizen hit with first-ever cyber sanctions over Medibank breach
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The federal government has used its cyber sanction powers for the first time against a Russian individual identified as responsible for an attack against private health insurer Medibank that exposed almost 10 million customer records.
Optus outage affected ten times more 000 calls than estimated
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A nationwide Optus outage left 2,696 customers unable to place calls to 000, more than ten times what the telco originally estimated.