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Defunct Westpac home loan unit RAMS has been hit with a $20 million penalty after admitting to widespread misconduct at its franchises over a four-year period.
ACCC won’t fight $75M Cuscal, Indue tie-up
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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.
Clyde & Co lures insurance lawyer back from Gilchrist Connell
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Clyde & Co has boosted its corporate insurance offering, welcoming back solicitor Yvonne Lam after her stint at Gilchrist Connell.
ASIC seeks injunction against adviser linked to $520M in Shield, First Guardian investments
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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.
Victoria Supreme Court gets on the fast track with new expedited trial list
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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.
Johns Lyng top execs dragged into suit over $75M sale of retailer
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Two senior Johns Lyng Group executives have been dragged into a dispute over the $75 million sale of Nike franchisee Retail Prodigy Group.
Another Keystone Shield spruiker cops financial adviser ban
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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.
APAC wins bid to push back trial in fight with Dexus over airport sale
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Airport operator Australia Pacific Airports Corporation has won its bid to delay an upcoming trial in a dispute with Dexus over alleged breaches of a shareholder deed, after the real estate asset manager discovered 20,000 documents only last week.
Acciona weighs claims against Veolia, as $224M WTE plant spat ramps up
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Spanish infrastructure firm Acciona is mulling cross-claims against contractor Veolia Australia after losing its fight to move their dispute over the Kwinana waste-to-energy project west, a court has heard.
Meriton can’t block Alcove St Ives owners’ evidence before conclave in $123M suit
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Apartment owners in Sydney’s Alcove St Ives development have won extra time for evidence ahead of an expert huddle in a $123 million defects suit against a unit of builder Meriton.