Most Recent
CBA faces climate change action over oil and gas project finance
CBA 2021-09-01 10:18 pm By Christine Caulfield Melbourne
The Commonwealth Bank of Australia faces shareholder action seeking records on its financing of gas and fossil fuel projects to ensure compliance with the bank's environmental framework, the latest in the next frontier of litigation demanding climate change accountability.
Ex-Deutsche Bank exec looks to knock out cartel charges
ACCC 2021-09-01 11:07 pm By Cat Fredenburgh Melbourne
A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.
PwC settles Zilzie Wines lawsuit over unsolicited R&D tax advice
Accounting 2021-09-01 5:56 pm By Cat Fredenburgh Melbourne
A settlement has been reached in a Murray Darling wine making family's lawsuit accusing PricewaterhouseCoopers of providing bad unsolicited tax advice that caused them more than $200,000 in losses.
Judge in ASIC’s first COVID-19 case says legal team swap no excuse for defaulting on orders
Andrew Harding 2021-09-01 1:55 pm By Cindy Cameronne Sydney
The judge overseeing ASIC’s first COVID-19-related case has criticised personal lender ClearLoans’ delay in responding to the case, saying a change in the company's legal representation was not an excuse for defaulting on court orders.
ASIC to hand over examination transcript in Westpac insider trading case
Allens 2021-09-01 5:19 pm By Miklos Bolza Sydney
ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.
Law firm close to filing Blue Sky class action, partner says
Andrew Crowe 2021-08-30 5:34 pm By Cat Fredenburgh Melbourne
A shareholder class action against defunct fund manager Blue Sky Investments and others will be filed by the end of the year, Lawyerly has learned.
Judge freezes Forum Finance director’s worldwide assets
Catherine Hamilton-Jewell 2021-08-27 5:34 pm By Cindy Cameronne Sydney
A judge has expanded a freezing order over assets owned by Forum Finance director Vincenzo Tesoriero to include property outside Australia, including a yacht in Miami dubbed “XOXO”, after Westpac raised concerns about non-disclosure.
CBA slams class action’s ‘shameless’ attempt to obtain CEO’s emails
CBA 2021-08-26 2:13 pm By Bianca Hrovat Sydney
The Commonwealth Bank of Australia has slammed an attempt by a class action to “trawl through” its Chief Executive Officer’s emails in search of correspondence regarding it decision to rebate commissions grandfathered by the Future of Financial Advice reforms.
NAB cops $18.5M fine for failing to disclose adviser fees
ASIC 2021-08-26 10:47 am By Cindy Cameronne Sydney
National Australia Bank has been hit with a $18.5 million fine after admitting to allegations by ASIC that it failed to adequately disclose its adviser fees for five years.
ASIC ditches ‘why not litigate’ stance as government prioritises economy
Article 2021-08-26 10:32 pm By Sam Matthews Melbourne
Just three years after adopting its ‘why not litigate’ approach in response to a lashing by the Hayne royal commission, the corporate regulator has abandoned the tough enforcement stance as the Morrison government focuses on economic recovery from COVID-19.